LV Weekly New Home Activity Update

For the week ending July 16th, new home sales activity again remained steady, reporting nearly 1 sale per project overall.  Buyer Traffic per project saw an uptick, actually posting the highest value of the year.  DR Horton reclaimed the top spot in overall sales last week, outpacing the next closing competitor by over 15 sales.  On a "per project" level, American West, Century, Del Webb, Lennar, and Woodside all had strong weeks, selling more than 1 home per active project.

Net Sales vs # of Projects by Price Range

New Home Net Sales w/e 170716. Based on average base price.

DR Horton also had 4 communities in the top 5 for net sales among individual communities with Expressions in North Las Vegas once again reporting an impressive 12 for the week.  Their other top performing projects were spread throughout the valley including Henderson (Newport Manor), the southwest (Spanish Ranch Estates 2), and the northwest (Coral Bay South).  

KB Home began reporting figures from the first community in Summerlin's newest village, Stonebridge.  Their Caledonia project has two sets of products and 237 total lots.  Caledonia and Stonebridge are pushing the western limits of the valley along Charleston Blvd toward Red Rock Canyon.  We have seen no less than two other builders close on parcels of land in the new village as well. 

As always, subscribe to the Weekly Traffic & Sales Watch for the complete set of data, currently covering over 255 active new home projects in Southern Nevada.