Lennar will open three brand-new model homes at Lago Del Sol in Lake Las Vegas on June 21.
New Homes
Situated adjacent Red Rock Canyon National Conservation Area, the master-planned community of Summerlin has long been a draw for homebuyers seeking immediate access to one of the most spectacular natural landscapes in Southern Nevada and a world-class hiking, rock-climbing and cycling destination.
As a follow up to the September groundbreaking of Visions Park, Blind Center of Nevada hosted a hard hat tour to provide first look update on construction progress of the project, now nearly halfway to completion. Currently, Visions Park is slated to be completed in early 2026.
Let freedom ring and the fireworks soar! Lake Las Vegas is once again partnering with the city of Henderson to present its annual lakeside Fourth of July fireworks show, set to dazzle residents and guests July 4 at 9 p.m. over the community’s signature 320-acre lake.
While the temperatures heat up, so does the activity at Downtown Summerlin, the vibrant urban core of the Summerlin master-planned community that offers shopping, dining, entertainment and professional sports. This summer, there’s a full schedule of events and activities for the entire family.
New home sales in the four leading master-planned communities in Las Vegas are down during the first six months of 2019, but builders and analysts said they wouldn’t be surprised if they finish the year even or ahead of 2018.
New home sales in the four leading master-planned communities in Las Vegas are down during the first six months of 2019, but builders and analysts said they wouldn’t be surprised if they finish the year even or ahead of 2018.
Early this year, California-based architect sparked ire and even some agreement among Las Vegas home designers and builders when he criticized the residential architectural landscape of Southern Nevada.
Summerlin and Inspirada led the way in master plan net sales during the first quarter of 2019, according to data released by Home Builders Research. Net sales for the quarter overall were down 19 percent compared to a robust 2018 but similar to 2017.
Home Builders Research reported that the 810 closings in February were 27 percent higher than February 2018. For the first two months of the year, the 1,421 closings are 75 more or 5.6 percent higher than a year ago. In releasing his numbers, Home Builders Research President Andrew Smith said the final two months of 2018 made the short term outlook, for the market “a bit worrisome” but sales figures “have rebounded nicely” since the start of 2019.
“With the first two months of 2019 nearly in the books, the new home segment of the housing market in Southern Nevada is performing well enough to temper some of the growing concerns many felt about the future in the fourth quarter of 2018,” said Andrew Smith, president of Home Builders Research.
Lennar Homes topped the annual Home Builders Research list as the top seller of homes in Southern Nevada in 2018.
Southern Nevada homebuilders finished 2018 on an upbeat note and the year’s closings turned out to be the strongest since the Great Recession. Prices also set a record for single-family homes, creating an opening for more affordable attached housing.
The Las Vegas Ballpark in Summerlin will be another amenity that attracts people to the master-planned community that moved up to No. 3 in the nation in 2018 in terms of sales.
Summerlin, which was as low as 25th in the nation in 2011 with 221 sales, has steadily climbed back up the rankings since then. It reported 437 sales in 2014 when it was 15th in the nation and jumped back into the top 10 in 2015 and has stayed there since. It had 769 sales in 2016.
