A concept all southern Nevadans are familiar with is growth. It is estimated that construction of a new home is completed about every nine hours, 365 days a year in the Las Vegas metro area. More than one third of all homes in the Las Vegas area are five years old or newer. Median sales prices of homes in Las Vegas are among the most reasonable in the country, as are property taxes.

There are twenty residential development projects of over 300 acres each currently being completed. Many of the largest developments subscribe to the "master planned community" philosophy of offering an orchestrated mix of homes. Large and moderate sized homes dominate, but apartments and condominium units are also typically grouped within the entire development area as well. Master planned communities enjoy a look and feel that promotes integrity of design and appearance. Parks and recreation areas are strategically sprinkled throughout the project to create a warm and welcoming sense of community.

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