Lake Las Vegas on pace for best year since Great Recession
From this Sunday’s Review Journal, Real Estate Millions Section by Buck Wargo
Las Vegas is on track to selling up to 300 homes and home sites this year compared to last year’s 192, making 2020 one of the best years for sales in more than decade.
“People are looking for a quiet place to rest, and we’ve been very lucky” said Pat Parker, the president of Raintree Investment Corp., the master developer of Lake Las Vegas. “The world we live in is complex, and sometimes you just want a place to relax. There’s a lot of concern about getting COVID-19 so having open space and being outside is very attractive to people.”
Throughout 2020, Lake Las Vegas has welcomed new communities as others sellout faster than ever before. This year:
A Southern California family purchased an 8,800-square-foot waterfront home for $6.5 million, the highest price paid for a home in Lake Las Vegas since 2007
Blue Heron has sold 35 of 37 in its new community Vantage
Del Webb by Pulte has already sold more than 75 homes after opening earlier this year
Richmond American opened Amberock this summer and has already sold 13 of its 75 duplexes
Four new communities are set to open before the end of the year including Caliza by Blue Heron, Varenna by Woodside, Armano by Lennar Homes and Reverie by Lennar Homes.
To read more about Lake Las Vegas’ best year in sales and expansion, click here.