The east Henderson master-planned community Cadence topped the list as the No. 1 selling master plan in the Las Vegas Valley during the first quarter of this year. That development, with Lake Las Vegas, helped Henderson reach nearly 30 percent of the region’s new homes sales.
Las Vegas-based Home Builders Research reported Cadence had 311 net sales, down from 371, or 11 percent, from the first quarter of 2025. Summerlin came in second with 276 net sales, down 3 percent from 284 a year ago.
The Villages of Tule Springs in North Las Vegas came in third with 174 net sales, a 60 percent increase over 109.
Lake Las Vegas was fourth with 140 net sales, a 54 percent increase over the 91 a year ago.
Sunstone had 75 net sales, down 53 percent from 159 a year ago.
Inspirada in west Henderson was next with 55 sales, down 62 percent from 146 a year ago.
Skye Canyon in northwest Las Vegas had 45 net sales, down 20 percent from 56 a year ago. Mountain’s Edge/Askye Hill was next with six net sales, down 92 percent from 75 a year ago.
With the showing of Cadence and Lake Las Vegas, Henderson’s 29 percent of net sales was followed by 22 percent in the northwest valley. The southwest valley is third with 477 sales or 21 percent of the quarterly total.
North Las Vegas was fourth with 385 net sales or 17 percent of the region’s total.
The east valley had 84 net sales or 4 percent of the total. Mesquite had 79 net sales or 3 percent of the total, followed by south valley with 19 sales or 1 percent. Pahrump had 17 sales or 1 percent of the total.
Local new home net sales in March were 43 percent below the historical average. The monthly total of 694 was down 14 percent from March 2025’s 962, according to Home Builders Research President Andrew Smith.
The first quarter total of 2,239 was down 19 percent from the first quarter of 2025 and 33 percent below the historical average. The average net sales per week of 173 decreased month to month by 9 percent, Smith said.
Smith said FreddieMac reported that average mortgage rates increased dramatically in March from 6 percent to 6.46 percent on average for 30-year fixed rate mortgages and from 5.43 to 5.77 percent for 15-year fixed rate mortgages.
“The conflict in the Middle East is the driving force behind this activity, and it is likely to continue until that situation is resolved, according to our industry contacts,” Smith said.
Home Builders Research reported six new for-sale product lines opened in March, bringing 237 lots into the market.
D.R. Horton began reporting Canyon Trails II in the Southwest — townhomes with 70 lots — and new phases of its three-car and four-car garage floor plans from the Manor collection at Heartland in North Las Vegas with a total of 81 lots.
Lennar debuted Triad Springs in the southwest with 57 single-family residential lots. Sekisui House US opened Windsor.
Home Builders Research reported that the March 2026 building permit total of 931 was 7 percent lower than March 2025. The 2026 total of 2,295 is 20 percent below the same point in 2025.
There were 758 new home closings in March 2026, a 20 percent decrease from March 2025. The 2026 total of 1,947 is 25 percent below 2025 to this point, Smith said. New home market share in overall closings was 21 percent in March and 22 percent for the first quarter, down from 26 percent in the first quarter of 2025.
There were 553 single-family detached closings in March, 19 percent fewer than a year ago. The 2026 total of 1,425 is 25 percent below the 2025 figure, Smith said.
Attached products closed 205 units in March, 22 percent fewer than in March 2025. The 2026 total of 522 is down 25 percent year-to-year.
Market share for attached new-home products in March and first quarter was 27 percent, the same as the first quarter of 2025.
According to Clark County data, only 13 percent of new-home closings in March were cash transactions. Of those that were financed, the average loan amount was $499,865. The largest loan for a new-home closing in March was $7.1 million by a private lender for a custom home in MacDonald Highlands by Blue Heron, Smith said.
The median new-home closing price for all product types was $502,990 in March, a 5.1 percent decrease from March 2025. The median new-home closing price for single-family-detached products was $560,305, down 3 percent from March 2025.
For attached product types, the March 2026 new-home median closing price was $380,000, 4 percent lower than March 2025, Smith said.
