http://elsagonzalez.cbvegas.com/blog/categoryname_new-homes/sort_entrydatetime-desc/ Another strong signal for where Las Vegas is heading. Red Ridge Development’s plan to start construction this spring on its luxury high-rise in Symphony Park reflects more than one project moving forward. It reflects continued confidence in the long-term future of vertical residential development in urban Las Vegas. As land becomes more constrained and the city continues to mature, well-positioned high-rise and mixed-use product in the right locations should only become more relevant. From a developer services perspective, this is another reminder that product, location, timing, and vision all have to align for these projects to create real momentum. Las Vegas Review Journal Article on Cello Tower  http://elsagonzalez.cbvegas.com/blog/21464/cello-tower-update/ Mon, 30 Mar 2026 02:17:52 -0800 Four Las Vegas Communities were in John Burns Research & Consulting’s Top 50 Master-Planned Communities.Rank 3. Cadence: 1,247 net salesRank 9. Summerlin: 962 net sales30. Villages at Tule Springs: 446 net sales32. Sunstone:440 net sales Las Vegas is well-known for masterplanned communities, often a top choice for new movers to the region. In 2025, Cadence was the top selling community, driven by both availability from several homebuilders, but also more accessible price points compared to many other areas of the Valley. Summerlin is perennially on the list, with additional acreage potential to keep building. Summerlin has long been known as a premium masterplan. The Villages at Tule Springs, brings many hosing options to the Northeast Valley, with entry-level and move-up options. Development action is really moving in the Northwest, with Sunstone and the planned Monument Hills along with Skye Summit, where the first sale was made to a homebuilder in 2025. Kyle Canyon Gateway is the pioneering development area and one of our favorites, with reasonable proximity to the 215 and one of two main roads to Mount Charleston. In the Southeast, Pulte is performing land development and model construction at Sora at Aries, which is just south of Lake Las Vegas. Land Supply Examining the accompanying map, one can observe that future growth is contingent upon developing BLM lands. Presently, only the lands available within the red perimeter are available to be transferred to private or local public entities. Beyond that, we see topographic challenges, where typically only luxury homes make economic sense to develop. This pressures the land supply for attainable housing and likely drives the need for additional density, including mid and high-rise condominium construction, which fit amenity lifetyle choices well. With a captivating lifestyle and economic growth, in the longer term we can anticipate price resilience in the existing home stock as new homes become more costly to develop.   Sources:City of Las Vegashttps://www.fox5vegas.com/2024/07/04/county-approves-development-agreement-3500-homes-blue-diamond-hill/https://nevbex.com/2025/07/23/desert-pines-redevelopment-plan-moves-forward-with-approval-of-land-sale/Clark County Assessor.https://nevbex.com/2025/08/16/monument-hills-master-plan-las-vegas/Pulte HomesJohn Burns Research & Consulting http://elsagonzalez.cbvegas.com/blog/21447/las-vegas-valley-new-home-market-growth/ Wed, 11 Feb 2026 08:25:03 -0800 AUGUST 2015Looking year-over-year, the number of single family escrows opened and homes closed have been more than respectable.  Closings are up nearly 20% year-over-year when measured in July and the year-to-date numbers are solid also.  Price increases have moderated and we believe this is a welcome pause after the consistency in vibrant price increases.  We have already experienced more price amplification than we expected back in January.  Pauses like these provide insight that we are unlikely to be a victim of momentum.  Rather, we are building off of fundamental demand forces instead of hot money flows like many coastal cities are experiencing.SINGLE FAMILY CONDOMINIUM/TOWNHOME SOUTHERN NEVADA'S INDUSTRIAL DEVELOPMENT IS ON THE RISEOur partners at Las Vegas Global Economic Alliance have wonderful news about the growth of the industrial and manufacturing sector in our great city.  This development will lead to more jobs and a higher demand for housing in the Las Vegas valley.  Check out their latest blog here! SINGLE FAMILYDAYS ON MARKETAVERAGE & MEDIAN (3 MONTH MOVING AVERAGE) CONDO | TOWNHOMEDAYS ON MARKETAVERAGE & MEDIAN (3 MONTH MOVING AVERAGE) SINGLE FAMILYSALE PRICEAVERAGE & MEDIAN CONDO | TOWNHOMESALE PRICEAVERAGE & MEDIAN SINGE FAMILYAVAILABLE & CLOSED INVENTORY CONDO | TOWNHOMEAVAILABLE & CLOSED INVENTORY http://elsagonzalez.cbvegas.com/blog/8890/las-vegas-monthly-market-update-august-2015/ Mon, 24 Aug 2015 12:00:00 -0800 Buying a newly constructed home is exciting. You get to design your dream home from the ground up; from choosing your home site, your model, interior finishes and upgrades. You don’t have to drive far to see newly constructed homes and neighborhoods popping up across the Las Vegas valley. There are a variety of builders, neighborhoods and models to choose from.Like any home purchase, buying new construction is serious business--an expensive transaction with many financial implications. You may have heard that on-site agents can represent both the builder and the seller, but the reality is that on-site agents mainly represent the builder. While the on-site agents are indeed great resources for specific information about the builder, the community and the homes they are building, a buyer’s agent is only there to represent you to protect your interests and negotiate the most favorable terms for you. HERE IS HOW A BUYER’S AGENT CAN HELP YOU WITH BUYING A NEW HOMEFiduciary responsibility. One of the most important considerations for any buyer is fiduciary responsibility. When you retain the services of a Coldwell Banker Premier Realty Agent, their responsibility is to YOU! That means you have an expert who is looking out for your best financial interests--an expert who’s contractually obligated to protect YOU. A good buyer’s agent will help you navigate the new-construction purchase agreement; help you understand how specific clauses, riders and upgrade options affect you; and make sure you know what you need to before you sign on the dotted line. Negotiating a better deal. Finding the right model and picking your upgrades is the fun part. Once you’re ready to sign the purchase agreement, an agent can work on your behalf to negotiate better terms, from upgrade options to financing and closing costs, than you would get on your own. Shepherding your new home to closing. Signing a contract with a builder is just the beginning. You must also line up financing, work with title companies and attend numerous inspections throughout the construction. Your buyer’s agent can manage that process and can accompany you on inspections to ensure you’re not missing anything at each construction milestone, so you have someone really protecting your best interest.So, when purchasing a new Las Vegas home, be sure to make sure your buyer’s agent is a seasoned Real Estate professional, that they are neighborhood experts and take pride in being educated on the difference between new and resale homes. They should be willing to  invest time to establish effective relationships with the builders’ sales agents to ensure a smooth, hassle-free transaction on YOUR behalf. It should also be noted that including a buyer’s agent in your transaction will not cost you a dime.  http://elsagonzalez.cbvegas.com/blog/6559/purchasing-a-new-las-vegas-home?-a-buyer’s-agent-is-essential-to-you/ Thu, 02 Jul 2015 11:50:43 -0800 “Is the market still struggling?”  If we had a nickel for every time that question was asked, we could….go buy a piece of real estate.  The answer to that question is a resounding, “no!” The Las Vegas real estate market has been resurging for the last three years or more with strong sales, a drastic decrease in distressed inventory and steady home price gains in both the residential and the commercial markets.  This trend is not stopping any time soon and is preparing us for a positive outlook ahead for 2016 as well – and you don’t have to simply take our word for it, here are five things we have seen this year that will back up our claims and give you confidence in the Las Vegas real estate market as you question, “is now the right time to buy/sell?” The North Strip is On a Winning Streak: All you have to do is look at the Las Vegas Strip today to see the myriad of new developments either under construction from the ground up or older properties being rehabbed. From the recently opened SLS Hotel and Casino at the corner of Sahara Avenue and Las Vegas Boulevard to Resorts World across the street in the development stage, the northern part of the Strip is poised to make a dramatic impact in providing our guests more entertainment options when they stay and play in our dynamic city. Renowned architect, Paul Steelman, of Steelman Partners is the brains behind the design of Resorts World and also happens to be selling his multi-million dollar residence with Coldwell Banker Premier Realty. Additionally, the Lucky Dragon Hotel and Casino is being developed in that same area and, moving farther down to the south Strip, a new 18,000-seat arena is currently under construction next to the New York-New York Hotel and Casino that is poised to house an NHL franchise when it opens in early 2016.Residential Market Remains Steady: The Las Vegas area residential market may be boring to some analysts who are looking for more dramatic results, but the fact that it continues to steadily rise is a very good thing because it shows that the consistent growth is not a flash in the pan and is sustainable. In fact, the average sales price for a Single Family Residence in Las Vegas has jumped from $159,926 in 2012 to $232,125 in 2014 up to $255,610 in 2015, which is a 10 percent increase just from last year. The market here still offers sellers options to upgrade and investors opportunities to liquidate while keeping real estate affordable to buyers as interest rates are still at historic lows.Interest Rates May Rise: Federal Reserve Chair, Janet Yellen, has suggested that the Fed will raise interest rates slightly later this year, creating urgency in some buyers and spawning multiple offers on homes. The projected lack of inflation and recession in 2015 combined with a rise in interest rates should spur home prices to continue to increase as well, keeping it a seller’s market.Commercial and Industrial Real Estate Improving: Commercial and industrial real estate has made massive improvements overall, with CoStar reporting that industrial vacancy rates were at 10.9 percent during the first quarter of 2014 then dropping to 8.5 percent for the lowest number since 2007. While that may not seem like a big difference to the general population, it is and equated to 3,106,484 square feet of absorption (space becoming occupied). The commercial/industrial and residential markets have always been closely related in market in trends with commercial/industrial in the midst of a massive recovery mode - also showing that a wide variety of business sectors are also positively impacted.  It doesn’t take a statistician to visibly see that the stalled projects from many years ago are coming alive all around the valley (i.e. Downtown Summerlin office space, Tivoli Village’s second phase.)Market Expansion Continues: The vast majority of new building in Las Vegas continues to push its way towards the outskirts of the city in multiple directions, as the new home entry level product continues to deplete. The entire west side of Vegas, north and south, along with the south valley and Henderson have seen have seen growing developments of commercial and entertainment districts along with parks and community areas, which play integral roles in rising home prices there.  Coldwell Banker Premier Realty is at the forefront of providing the best client services for buyers and sellers alike in Vegas and across the country. And at CBPR, we pride ourselves on being on top of the latest and greatest sales trends and providing that valuable information to you so you can make the most educated buying and selling decisions possible. http://elsagonzalez.cbvegas.com/blog/1623/5-things-we-have-seen-in-the-las-vegas-real-estate-market-in-2015/ Sun, 31 May 2015 08:30:40 -0800