Las Vegas master plan is nation’s best selling master plan in the country for 2008. For the second consecutive year the 3,500 acre Mountain’s Edge master plan in southwest Las Vegas took top honors by Robert Charles Lesser & Co.
Two years ago, Las Vegas master plan community of Summerlin, held that top honor. The number one honor was held by Summerlin real estate for more than 10 years. This year the 22,500 acre planned community completely missed being included in the list due to the lack of residential real estate sales data for 2008.
Real estate developer for Summerlin, The Howard Hughes Corp., says they would have been included in the top 10 if numbers were furnished.
With residential real estate pricing from the $100,000s in Mountains Edge, new homes are competing with the glut of foreclosure and banked owned homes being sold according to the multiple listing service.
Many buyers have found that purchasing a home in Las Vegas, Nevada isn’t only about the home but rather the proximity to major amenities, nearby schools and parks. Long term value is key to purchasing a new home.
During 2008, Mountain’s Edge fell 49 percent in their Las Vegas home sales. 879 homes were sold in 2008, fallen from 1,740 homes the previous year. The closest competitor, Cinco Ranch in Houston, TX has 13.4 percent less sales for 2008.
Providence, another Las Vegas master plan by Focus Property Group, moved the 1,200 acre community up with 514 home sales to number 4 in 2008 from 5th place in 2007.
Las Vegas master plan is nation’s best selling master plan in country for 2008.