Providence and Mountain’s Edge Among Top Selling Master Plans
Two Southern Nevada master planned communities, both owned by our client Focus Property Group, are again in the top 10 fastest-selling master plans in the United States. Mountain’s Edge and Providence rank in the top 10 in annual surveys of net sales by two leading real estate industry research and consulting firms, RCLCO and John Burns Real Estate Consulting, LLC. Mountain’s Edge and Providence are the only Nevada communities in the top 10.
Mountain’s Edge, a 3,500-acre master planned community in southwest Las Vegas, was the fifth fastest-selling master plan in the country in 2012 with 948 net sales, a 118 percent increase from 2011. Providence, a 1,200-acre master plan in northwestLas Vegas, was No. 6. with 760 net sales, an 81 percent increase from the previous year. In the 2011 surveys, Mountain’s Edge ranked No. 7 with 434 net sales; andProvidence was No. 8 with 421 net sales.
The complete surveys are located at http://www.realestateconsulting.com/node/1757 and http://www.rclco.com/generalpdf/general_Jan102013445_January_10,_2013_-_RCLCO_2012_Top-Selling_MPCs.pdf.
Mountain’s Edge and Providence have consistently remained in the top 10 fastest-selling master planned communities in the U.S. and the top fastest-selling in Nevada since they began selling homes in 2004 and 2006, respectively.