LV New Home Market Update w/e March 5, 2017

We haven't checked in with you in a couple of weeks with an rundown of new home activity in the Las Vegas valley, but there was plenty of it as sales per reporting subdivision increased from our last post each week (according to our industry leading Weekly Traffic & Sales Watch).  We match our high for 2017 this past week with 0.9 net sales per project.  Buyer traffic also remained "good" at over 18 "buying units" per project for the week.

KB Home led all builders with a somewhat amazing (at least in terms of recent years) 43 net sales, including 22 in their collections within the Inspirada master plan in Henderson.  In terms of sales per project though, American West continued their strong 2017 with a leading 2.6 sales per subdivision. Century Communities also reported over 2 sales per project.  Their Parkview community in the SW reported 9 net sales on the week, already surpassing their monthly average of just over 7 since opening one year ago.

DR Horton continues to increase their footprint across the valley, debuting another new community called Aurora's Edge in Henderson.  The neighborhood is under their luxury, Emerald Homes brand and has 31 lots and prices in the high $500,000s.  

With the growing hype surrounding the housing market here in Clark County, hard facts are imperative to making sound decisions.  From top executives all the way down to individual sales people and all the related jobs and industries in between. The Weekly Traffic & Sales Watch continues to paint the most accurate and timely picture of industry activity at a very affordable price.  Subscribe today and if our standardized reports aren't meeting your individual needs, contact us to work out a custom data solution to help you and your company flourish.

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