Cadence Emerges as Top-Selling Master Plan in Las Vegas Valley
Cadence ranked No. 1 best-selling master plan in Vegas
Las-vegas Review Journal
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Cadence, a master-planned community in east Henderson, Nevada, ranked as the top-selling master plan in the Las Vegas Valley for Q1 2026, with 311 net sales. Overall, the region saw a 19% decline in new home sales compared to the previous year, attributed to rising mortgage rates and geopolitical tensions.
- 01Cadence recorded 311 net sales, making it the top-selling master plan.
- 02Overall new home sales in the Las Vegas Valley decreased by 19% year-over-year.
- 03Average mortgage rates rose significantly, impacting buyer activity.
- 04Lake Las Vegas and Summerlin followed Cadence in sales rankings.
- 05Only 13% of new-home closings in March were cash transactions.
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In the first quarter of 2026, Cadence, a master-planned community in east Henderson, Nevada, topped the sales charts with 311 net sales, despite a 11% decline from the previous year. The Las Vegas Valley experienced a significant downturn in new home sales, with total sales dropping 19% compared to Q1 2025. The rise in average mortgage rates, which increased from 6% to 6.46% for 30-year fixed mortgages, contributed to this decline. Following Cadence, Summerlin recorded 276 net sales, while the Villages of Tule Springs in North Las Vegas saw a 60% increase with 174 net sales. The overall market showed signs of strain, with March's new home sales down 43% from historical averages. The median closing price for new homes was $502,990, reflecting a 5.1% decrease from the previous year. Local experts attribute the slowdown to rising interest rates and ongoing geopolitical conflicts, which are likely to impact market trends moving forward.
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The decline in new home sales and rising mortgage rates may lead to reduced housing options and affordability for potential buyers in the Las Vegas Valley.
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