LAS VEGAS, Feb. 4, 2013 /PRNewswire/ -- Two Southern Nevada master planned communities are again in the top 10 fastest-selling master plans in the United States. Mountain's Edge and Providence, both being developed by Las Vegas-based Focus Property Group, 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 northwest Las 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; and Providence was No. 8 with 421 net sales.
"It's notable that Focus Property Group has been able to keep Mountain's Edge and Providence in the top 10 fastest-selling communities in the country throughout the Great Recession despite those projects being located in the epicenter of the housing crisis," said Gadi Kaufman, managing director and chief executive officer of RCLCO (formerly Robert Charles Lesser and Co.). "It's a remarkable accomplishment," he added.
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.
"We are excited and grateful that these two communities continue to remain in the top 10 fastest-selling in the country, and rewarding for our team to be acknowledged for what they have created in Mountain's Edge and Providence," said John Ritter, chief executive officer of Focus Property Group. "It reinforces our philosophy of developing attractive well-priced communities offering a high quality of life to their residents while still striving to remain sensitive to the environment. Communities where people want to live, raise their families, and retire.
"While there are signs of an improving economy, these are still challenging times, making homebuyers even more discriminating," Ritter added. "Fortunately, our homebuilders – among the best in the industry – have addressed this issue by redesigning and updating a wide offering of attractively priced homes. The residents in our communities are near employment, transportation, schools and shopping. Our buyers appreciate the added value of a master plan, the many outdoor amenities including trails and parks, and the frequent community events. Our leading sales figures are a testament to that."
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.
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John A. Ritter
SOURCE Focus Property Group