For 2024, Cadence was ranked third in the country by RCLCO and John Burns Real Estate Consulting.
The Calida Group announced Ainsley at The Collective, the latest addition to its Elysian Living brand, is now leasing in Las Vegas. Ainsley represents a first-of-its-kind luxury apartment concept focused on lifestyle, health and wellness. This exclusive on-site community is within The Collective, the newest mixed-use, urban lifestyle destination in the Las Vegas area.
Summerlin, a development of Howard Hughes, earned the No. 5 spot with new home sales of 1,055 on the 2024 list of the country’s top-selling communities, according to RCLCO, a national real estate consultant that has ranked master plans nationwide since 1994.
In a year that new-home master plan sales among the top 50 nationwide fell 2 percent in 2024, Las Vegas held its own by posting four master plans into the top 50; and saw Cadence have its highest ranking in history by placing No. 3 in the country.
Now, entering its 35th year, the Summerlin master-planned community is continuing its remarkable trajectory as one of the country’s most successful master plans that continues to grow and evolve with nearly 4,000 acres left to develop.
The Southern Nevada Home Builders Association has extended the term of its current president Carlos Zuluaga for one more year as the Nevada Legislature kicks off its 2025 session.
Now, entering its 35th year of development, Summerlin continued its decades-long trajectory in 2024, capping off another year of milestone development.
Cormont at Deer Valley East Village, a luxury mountainside condominium community developed by REEF, has launched the sale of Tower One, offering 48 exclusive residences.
Las Vegas new-home prices softened a bit in November with net sales dipping to their lowest level since January 2023, but there were enough to pass the 2023 yearly total by more than 500 and make it the second best sales year since the pandemic — leading to the percentage of new-home sales of the overall marketplace approaching a record year, according to Las Vegas-based Home Builders Research.
Cadence is ranked one of the Top 5 best-selling master-planned communities nationwide by RCLCO.
Summerlin residents are once again encouraged to recycle their real Christmas trees once the holidays are over. In partnership with Springs Preserve, the UNLV Rebel Recycling Program and dozens of other local conservation organizations, the annual Christmas Tree Recycling Program returns Dec. 26 through Jan. 15.
Located off Warm Springs Road and Taylor Street, Aria Crossing will hold its grand opening event Dec. 21, from 11 a.m. to 2 p.m. The event will feature model tours of the new homes, food trucks and music.
The parade’s final night is tonight — Dec. 21 at 6 p.m. Sponsored this year by InTouch Credit Union, the parade is free and open to the public.
The Las Vegas new-home market got off to a good start during the fourth quarter with a 41 percent year-over-year increase despite elevated interest rates putting a cap on sales. The valley is on pace to close with its highest share of new-home closings since 1992 as prices continue to hit record levels.
After a year filled with rate swings, unpredictable markets and a bit of drama (thank you, inflation), the real estate world is ready for a fresh start.
