In a market characterized by a slowdown in home sales and elevated interest rates hovering just below 7 percent, Cadence in east Henderson is cementing its status as one of the nation’s top-selling master-planned communities.
According to Las Vegas-based Home Builders Research, Cadence recorded 120 sales in April alone, positioning it to potentially match or even exceed last year’s total of 1,386 sales, which ranked it No. 3 in the country according to RCLCO.
In contrast, nearby Summerlin, which had 1,055 sales in the previous year and held the No. 5 spot nationally, managed only 70 sales in April.
Meanwhile, Sunstone in northwest Las Vegas garnered 54 sales, followed by Lake Las Vegas with 42 and Inspirada in west Henderson with 32 sales during the same month.
Home Builders Research President Andrew Smith pointed out that April saw the launch of 18 new for-sale product lines, introducing over 1,400 lots into the market.
Notably, prominent builders including Century Communities, Lennar, Richmond American Homes, and Toll Brothers unveiled new communities, most of which comprise traditional single-family homes.
According to Smith, Bravado from Century Communities was the only project launched in North Las Vegas, while Lennar debuted 11 new projects across key areas including Cadence, Inspirada, Lake Las Vegas, Summerlin, and Sunstone.
Lennar emerged as the month’s top-selling builder with 189 net sales, showcasing the effectiveness of their marketing strategies despite the prevailing market conditions.
Among their offerings, Dorrell Place, a single-family development in North Las Vegas, marked 13 net sales in April and accumulated 20 total sales since its opening in late February.
Heritage Square, another Lennar project featuring attached homes, achieved 12 sales in April and is notable for being one of the active communities the builder acquired from local company Harmony Homes earlier this year.
Interestingly, the overall best-selling community for the month was Sun City Mesquite by Del Webb (Pulte Group), which achieved 19 sales. Located 80 miles northeast of Las Vegas, this community has been a leading performer in Southern Nevada’s housing market since its inception in 2007.
The three top-selling subdivisions in April were dominated by age-restricted, active-adult communities. Following Sun City Mesquite were Trilogy Sunstone by Shea Homes with 18 sales and Del Webb at Lake Las Vegas with 17 sales.
In stark contrast, Home Builders Research reported 850 new home closings in April of 2025, reflecting an 11 percent decrease from April 2024.
The year-to-date total through April is 3,446, which also represents an 11 percent drop compared to the same period in the previous year.
According to Smith, the new home market share of overall closings in April 2025 stood at 22 percent, declining month-over-month for the second consecutive month, although this figure aligns with averages from April 2024.
The data indicated that 642 single-family detached homes closed in April, a 12 percent reduction from the previous year, contributing to a total of 2,539 such closings thus far in 2025, which is also down by 12 percent year-on-year.
For attached products, 208 units were closed in April, marking a 6 percent decrease compared to April 2024. The year-to-date total for attached homes now stands at 907, reflecting a 9 percent drop from 2024.
The market share for attached new home products decreased slightly to 25 percent in April, just under the average of 26 percent observed during April 2024.
Interestingly, the median closing price for new homes across all product types reached $529,833, showing an 8 percent increase from April 2024.
For single-family detached homes, the median closing price hit an all-time high of $579,998, an 11 percent rise over last year. In the case of attached product types, the median closing price remained stable at $388,443, the same as in April 2024.
In addition to the residential market activity, there were two dozen vacant land closings reported by local builders in April, which added over 200 acres to their portfolios. Several builders, including Pulte Group, Beazer Homes, KB Home, Richmond American Homes, Landon Miller Homes, and Woodside Homes, expanded their land holdings during this period.
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