News

10 Best-Selling Master-Planned Communities

Let there be no doubt that master-planned communities took a direct hit in the downturn. Even in the nation’s best-selling communities, sales plummeted from a collective 20,000-plus homes at the peak in 2005 to fewer than 5,000 in 2009, according to the Washington, D.C.-based real estate advisory firm RCLCO, which tracks master-planned communities' performance on a year-over-year basis through an annual survey of more than 400 developments. Total net sales continued to fall from 2008 to 2009 even in the healthiest communities, many of which saw their sales volume decline by between 16% and 32%, depending on the development. But performance is relative, and success is measured a bit differently in these lean times. Cinco Ranch, the Newland Communities development outside of Houston, was this year’s top performer with 887 total net home sales in 2009, followed by The Woodlands, also in Houston, which came in second with 633 net sales for the year.

Click here to view this article from its source.