Providence remains among country’s fastest-selling communities
Two Southern Nevada master planned communities being developed by Las Vegas-based Focus Property Group continue to be desired places for buyers to call home. Mountain’s Edge and Providence are still among the top 10 fastest-selling master plans in the United States, according to annual surveys of net sales by two leading real estate industry research and consulting firms, John Burns Real Estate Consulting, LLC, and RCLCO.
Providence, the 1,200-acre master plan in northwest Las Vegas, was the seventh fastest-seller with 726 net sales last year. It’s sister master plan, the 3,500-acre Mountain’s Edge in southwest Las Vegas, was the fourth last year with 841 net sales.
“Two master-planned communities in the top 20 list is an amazing accomplishment,” said Kenneth S. Perlman, senior vice president of consulting for John Burns Real Estate Consulting, an independent research provider and consulting firm focused on the housing industry that publishes an annual Top 20 Master Planned Communities list. “John Ritter and the Focus Property Group team have worked diligently to make the Mountain’s Edge and Providence master plans successful, in spite of the many challenges the Las Vegas market has faced in recent years.”
Mountain’s Edge and Providence are the only Nevada communities in the national top 10, and are the state’s top sellers. Both have consistently been new home sales leaders, nationally and locally, since they began selling homes in 2004 and 2006, respectively.
The complete surveys are located at: http://www.realestateconsulting.com/images/JBREC-2013Top20MPC.pdf and http://www.rclco.com/advisory-top-selling-mpc-2013?utm_source=January+8%2C+2014+-+Top-Selling+MPCs+of+2013&utm_campaign=Advisory-RCLCO-2013-Top-MPC-2014-01-08&utm_medium=email
“Our team continues to be thankful for the recognition homebuyers have shown in the lifestyle and community design we’ve created for them at Mountain’s Edge and Providence,” said John Ritter, chief executive officer of Focus Property Group. “Buyers are even more appreciative now that they can afford a new home in an established community with mature landscaping along its streets and wide sidewalks, as well as numerous parks and trails, schools and other amenities. This is in addition to many floor plan and pricing options offered by our builders, and nearby employment, schools, shopping and freeway access. Mountain’s Edge and Providence really are ideal for people whether they are starting a family or getting ready to retire.”
Providence has sold more than 4,000 homes. Upon build out, it will have about 7,500 single and multi-family units in 39 subdivisions. The master plan recently broke ground on Huckleberry Park, the first phase of which will open later this year. This is the community’s third park, joining The Promenade and Knickerbocker Park.