Mountain’s Edge remains among country’s fastest-selling communities
LAS VEGAS, January 13, 2014 – 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.
Mountain’s Edge, the 3,500-acre master planned community in southwest Las Vegas, was the fourth fastest-selling master plan in the country in 2013 with 841 net sales. It’s sister community Providence, a 1,200-acre master plan in northwest Las Vegas, was the seventh with 726 net sales last year.
“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.”
Mountain’s Edge has sold more than 10,000 homes. Upon build out, it will be home to approximately 12,500 units of residential development in more than 60 single and multi-family subdivisions. Other recent community milestones include the beginning of construction of the first phase of the 200-acre Mountain’s Edge Regional Park being developed by Clark County. The community already has the 80-acre Exploration Park with 2,846-foot-tall Exploration Peak and neighborhood Nathaniel Jones Park.