The master-planned community of Summerlin, totaling 35 square miles and stretching for 15 miles along the western edge of the Las Vegas Valley, is known for spectacular views given its higher elevation and geographic position.
Tri Pointe Homes has five communities recently opened or scheduled to open by end of year.
The second quarter of 2023 provided a bit of a rebound for builders compared to a year ago. There were 2,930 net sales in the April through June period, a 15.7 percent increase over the 2,531 in the second quarter of 2022. The net sales were also up 9.7 percent from the 2,669 in the first quarter.
Joining the lineup of new-home neighborhoods in the master-planned community of Summerlin is Vertex by Tri Pointe Homes.
On Saturday, Aug. 12, home shoppers are invited to visit Bella Strada’s brand new models from 10 a.m. to 6 p.m. Guests will enjoy model home tours, food truck fare from Slidin’ Thru and sweet pastries from popular Southern Nevada bakery Freed’s.
In many cases, neighborhoods nearing close-out offer special opportunities for buyers including special pricing, extra upgrades and other incentives.
Juhl, the loft-style high-rise condominium community, which spans an entire city block in downtown Las Vegas, has reached its final sellout phase with 93 percent now sold and only 26 condominium homes remaining.
Lennar retained its top spot as the No. 1 builder in Southern Nevada in the latest midyear rankings that show sales dipped 4.1 percent during the first half of 2023 among the builders that report to Las Vegas-based Home Builders Research.
For over 25 years, Holland dedicated her time and expertise to Las Vegas homeowners’s concern through her column, which is published on Sunday in the Las Vegas Review-Journal’s real estate section.
Summerlin continues to demonstrate strong demand for housing as Nevada’s top-selling community ranked No. 5 nationally in new home sales in a recent midyear report by national real estate consultant RCLCO. The Summerlin community, developed by The Howard Hughes Corp., sold 544 new homes during the first six months of 2023, continuing its strong sales momentum, and maintaining the prominent position it has held on the RCLCO list for over two decades.
Summerlin remained a top five master plan in the nation during the first six months of 2023, but Las Vegas builders in master plans have been hit harder overall than other communities across the nation in comparing year-over- year sales.
“Planning for schools — both public and private — was foundational to the development of the master plan,” said Danielle Bisterfeldt, senior vice president of marketing and consumer experience for Summerlin.
When Las Vegas native and real estate agent Jennie Kim with Realty One Group Summerlin office took a prospective homebuyer to visit Tri Pointe Homes’ gated Contour townhome community near the Blue Diamond shopping district, she hadn’t planned on becoming a new Tri Pointe homebuyer herself.
The Summerlin® Children’s Forum, a nonprofit organization established in 1997 by leaders of the Summerlin master-planned community and its developer, The Howard Hughes Corp., recently awarded four college scholarships to outstanding high school graduates who are residents of the community.
Southern Nevada homebuilders came out of the 2023 Nevada legislative session happy with the results that got bills passed they sought and those they opposed defeated or vetoed.
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