The Las Vegas new-home market recorded its best month of the year for the number of net sales per week as buyers continue to purchase, especially attached products, despite elevated mortgage rates.
New Homes
Heritage by Lennar, is located in the village of Stonebridge and has three remaining single-family detached homes available that range from 1,232 square feet to 1,422 square feet, priced from the $500,000s.
Top-ranked builder Lennar is making a splash at Cadence this summer with the opening of seven neighborhoods. The new collections include Brighton, Carlton, Preston Crest, Preston Enclave, Preston Point, Preston Terrace and Preston Village.
While the temperatures heat up, so does the activity at Downtown Summerlin, the dynamic and walkable urban core of the Summerlin master-planned community. This summer, there’s a full schedule of events and activities for the entire family.
StoryBook to open enclave
Sales in Las Vegas master-planned communities, which took a bigger hit than the rest of the nation in 2022, rebounded in 2023 with a stronger second half of the year than the nation as a whole.
Now, entering its 34th year of development, the master-planned community of Summerlin shows no signs of slowing down with 21 actively selling neighborhoods offering more than 110 unique floor plans in a range of styles, elevations, sizes and prices — built by nine of the nation’s leading homebuilders.
Woodside Homes’ Serenata Collection at Cadence aims to enhance the living experience through versatility and seamless customization.
Twenty years ago this month, the National Home Builders Association and Pardee Homes Las Vegas (now Tri Pointe Homes) teamed up to create the “The Ultimate Family Home,” a 5,500-plus square-foot, Spanish-Colonial-style house in the Trails gated community.
Nevada HAND announced the start of construction on a new 125-unit affordable housing community dedicated to low-income seniors at the corner of Buffalo Drive and Cactus Avenue. The Buffalo Cactus Senior Apartments are part of nearly 2,000 units under development as Nevada HAND continuously works to address the affordable housing crisis in Nevada.
Getting fit and living a healthier lifestyle is often top of mind for many at the start of each new year. For residents of the master-planned community Summerlin, there are many opportunities to stay active, thanks to the community’s abundant recreational amenities.
Las Vegas builders sounded an optimistic beat for 2024 and lauded what sports and entertainment has meant for their industry as they deal with a lack of land that continues to impact affordability.
The master-planned community of Summerlin, a development of Howard Hughes Holdings Inc., is Nevada’s highest-ranking community on the 2023 list of top-selling master plans, according to RCLCO, a national real estate consultant that has ranked communities nationwide since 1994. With 1,090 new home sales for 2023, Summerlin ranks No. 4 on the 2023 list, with new home sales up 39 percent from 2022.
December sales picked up for the Las Vegas new-home market as falling interest rates and lack of retail inventory pushed more people to buy, and that trend is expected to continue into 2024.
The award-winning, top-selling master planned community of Summerlin continued its remarkable, decadeslong trajectory in 2023, capping off another year of milestone development.
