For those looking to take the hassle and stress out of holiday meal preparation, the Summerlin master-planned community offers many holiday dining options at Summerlin area and Downtown Summerlin restaurants. Downtown Summerlin is the vibrant, walkable urban core in the heart of the community offering dining, shopping, entertainment, office and residential options.
New Homes
Investcor, a leading real estate development firm with over $1.6 billion in projects across the nation, including several senior living communities, announced plans for Valara, a luxury senior living community within The District in Henderson.
ABC Nevada hosted its 34th annual Excellence in Construction safety recognition and awards luncheon, honoring standout players and projects in the industry. The event brought together nearly 200 ABC members to celebrate innovation, leadership and safety across the industry.
The Southern Nevada Home Builders Association has recognized several of its member companies and their employees as part of an end-of-the-year event that honored Gov. Joe Lombardo and named Signature Homes as the Member Builder of the Year.
The newest neighborhood to open in Summerlin is Primrose Park by Richmond American Homes, offering 76 luxury, two-story homes with four unique floor plans spanning from 3,410 square feet to 3,690 square feet, priced from approximately $1.1 to more than $1.2 million.
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.
Lennar Homes topped the annual Home Builders Research list as the top seller of homes in Southern Nevada in 2018.
During the first week of this year, KB Home unveiled a new model within Inspirada, a Henderson master-planned community, that highlighted a theme: “Where tomorrow lives.”
Las Vegas dominated the national scene for 2018 new-home sales in master-planned communities like it hasn’t done in more than a decade by placing four in the top 21, according to rankings released by two real estate consulting firms.
