Las Vegas Weekly New Home Market Update

For the week ending June 10th, the local homebuilders reported the highest number of overall net sales since the end of March.  45% of reporting builders averaged more than one sale per project for the week, and three builders reported more than 30 overall net sales, led by DR Horton with 45.  Buyer traffic remained steady.

DR Horton also had the top three performing projects led by their latest release in Laughlin, the Meadows collection at Bilbray Ranch under the Express Homes umbrella.  The next two projects were in the southwest and North Las Vegas.  The overall breakdown of net sales by area was:

Net Sales by Sub-Market Area w/e June 10th

There were two new projects reporting this week.  Avera by Century Communities is a 54 lot project in North Las Vegas with prices in the high $200,000s.  Marquette Estates is a 5 lot enclave in the northwest from DR Horton under their luxury, Emerald Homes brand priced in the $700,000s.

We are sorting through new home closings and permits for May this week and will let you know that we expect to report strong totals once again.  Look for the data to be released by the end of this week.

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