KB Home took the top honors in 2021 as the No. 1 new homebuilder in Southern Nevada as builders recorded their best year since 2006. KB, which held the top spot in 2020 as well, sold 2,158 homes in 2021, a 36 percent increase over the 1,586 sales in 2020, according to Las Vegas-based Home Builders Research.
Contour, a leading privately held real estate and development company based in Southern California, has announced it closed on 1.9 acres of land in Mountain’s Edge, a master-planned community in southwest Las Vegas. The site will be used for commercial development and is at 8575 Blue Diamond Road on the southeast intersection of South Durango Drive.
The uber Summerlin resort community the Summit Club — the home to Celine Dion, Vegas Golden Knights owner Bill Foley and billionaires of industry — may be expanding beyond its 555 acres as the development seizes upon the strong demand that’s also permeated through the entire new-home luxury segments in Las Vegas.
Las Vegas placed four master plans in the top 11 and five in the top 25 in the nation, and homebuilding shows no signs of slowing down in those developments in 2022.
For more than a year, we’ve been breaking records virtually every month — especially when it comes to the rising price of homes sold here in Southern Nevada.
Sauter Multifamily Group of Avison Young has announced the closing of the $105.9 million sale ($190,126 per unit) of AYA Apartments, a 557-unit property at 3600 University Center Drive.
The Las Vegas high-rise market broke its all-time record in 2021 by more than doubling sales from 2020 and recording the highest price ever paid at $16.25 million for a unit at The Martin.
A natural destination for Californians, Las Vegas offers what potential buyers are searching for: lower taxes, luxurious secure high-end communities, breathtaking views and incredible lifestyle amenities.
Despite rising prices, Las Vegas homebuilders sold their highest number of homes since 2006 but shortages in labor, materials and land will continue to put a cap on growth in 2022 despite strong demand, industry insiders say.