Home sales report: 2017 ‘very good’

Las Vegas’ growth of new-home sales might slow in the coming months, but 2017 should still be seen as a “very good year,” a new report says.

Builders closed 808 new-home sales in Clark County last month, putting the year’s sum at 5,762, up 18.8 percent from the same eight-month period in 2016, according to Home Builders Research.

The median sales price of August’s closings was $342,973, up 9.6 percent year-over-year.

Builders also pulled 803 new-home permits last month, bringing the year’s total to 6,646, up 7 percent from the same period in 2016, Home Builders Research reported.

Las Vegas buyers have paid record prices for new houses this year, although builders’ sales totals remain a fraction of the peaks from the housing bubble of the mid-2000s and even before that in the 1990s.

In their report, Home Builders

HOMES

After some months, Sidor had a bow he could use. He grips the bow in his right hand, pulls the string back with an attachment on his left arm and uses the end of his arm to release the arrow.

“I wouldn’t want anyone telling me I couldn’t do anything,” said Hanagata, 38.

The friendship has resulted in a joint business venture for the two men, who opened Aces and Arrows Archery in Henderson. The store and 22-lane range fully opened in August.

Community growing

Sidor, who has lived in the valley for more than 10 years, said a small but loyal local archery community exists.

The growth of archery has helped the Clark County Shooting Complex appeal to families and people looking to step into firearms, complex supervisor Steve Carmichael said.

The complex started a basic archery class about two years ago that has since grown beyond just summer because of the popularity, Carmichael said.

The complex has hosted archery-themed birthday parties, and hundreds of students competed in a state- and county-sponsored archery tournament at South Point earlier this year.

Las Vegas is home to The Vegas Shoot, a nearly 50-year-old tournament that bills itself as the largest indoor archery tournament in the world. About 3,500 archers shot at last year’s event.

The tournament has been helpful in attracting international customers to the other archery store in the valley, Impact Archery owner Charles Roof said.

Impact has served as a practice range for international competitors in the tournament, some of whom visit when they are back in Las Vegas on vacation. Plus, archers in Las Vegas for work will bring their bows with them for a quick session, Roof

said.

His Las Vegas Archers club has about 140 members a year. When archery shows up in pop culture, through movies such as the “Hunger Games” and “Avengers” series, Roof sees a burst of interest that settles down with some new converts to archery.

His business and Aces and Arrows have coordinated schedules for their archery leagues to avoid overlap.

“There is a sense of camaraderie in this community,” Roof said. “It’s good for the sport. We’re competitors, but we’ll try to help the archery community grow together.”

risky business

Roof started his business in 2013. He previously worked for Pacific Archery, the range where Sidor and Hanagata met.

After 30 years of business, Pacific closed in February, a sad moment for Sidor and Hanagata.

On Pacific’s website and account on the Facebook social media network remains a final message to its customers.

“What we gave was our hearts and soul to everyone,” the message said. “I believe it’s better to be a rusty old book filled with useful and useless knowledge than a fresh republished copy.”

For the owners of Aces and Arrows, Sidor and Hanagata said they expect difficulty in marketing their business.

Archery lacks the flash and pace of football, Hanagata said. He hopes the leagues and venturing to different archery tournaments and sports events will help.

“When you’re passionate, it shows,” Hanagata said. “We’re cultivating a community of our own.”

Contact Wade Tyler Millward at wmillward@reviewjournal. com or 702-383-4602. Follow @ wademillward on Twitter.