LV Weekly New Home Activity Update

For the week ending June 25, 2017 the new home segment of the Las Vegas housing market continued to perform well despite record setting temperatures.  It marked the 14th straight week we are reporting over 200 net sales in our Weekly Traffic & Sales Watch.  American West Homes and Richmond American Homes led the way with 23 net sales each.  American West has continued to report impressive sales numbers despite having less than 3.5% of the total number of active subdivisions.   

New Home Market Share %

Net Sales vs. Reporting Projects w/e 6-25-2017

American West also reported the top selling single project with Jones Crossing continuing to rack up sales.  Over the past three months it has reported an average of 19 net sales per month and since opening in July of 2014, nearly 10 per month.  

There were two newly reporting projects this week, the first being Pivot from Pardee Homes.  It is located in Henderson and has 88 home sites with plans ranging from 2091 to 2422 square feet.  The second was Emerald City from Storybook Homes, located in the South sub-market with prices starting in the high $200,000s.  

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