Babcock Ranch Top 10 in New Home Sales in Master-Planned Communities
July 27th, 2022
By Gregg Logan, Managing Director , Karl Pischke, Principal - RCLCO Real Estate Consulting, July 18, 2022
IN SUMMARY
- Total new home sales among the 50 Top-Selling Master-Planned Communities declined by 18% in the first half of 2022 compared to the same time period last year.
- Supply chain issues and inadequate new home inventory have continued to pose problems for builders, and price increases and interest rate hikes have begun to impact traffic from potential buyers in recent months.
- Nationally, the average price among all new single-family homes is up 15% since Mid-Year 2021, and over 40% since April 2020 and the depths of pandemic pricing.
- The Villages active-adult community is once again the top-selling community in the nation with an estimated 1,500 sales year to date.
- Sarasota, Florida’s Lakewood Ranch claimed the number two spot overall, and is the top-selling multi-generational community in the country, with 1,026 sales.
- Dallas, Texas’s Silverado has earned the third-place rank through the first half of the year with 599 sales.
- Houston, Texas’s Sunterra, and Southwest Florida’s Babcock Ranch each ranked within the Top-10 for the first time with a strong performance to start the year.
- The Houston MSA was the top-performing metropolitan area with 13 communities in the Top-50, representing 3,430 sales, or almost 20% of all sales among ranked MPCs.
- The state of Florida represented about 36% of sales among ranked communities, followed closely by Texas at nearly 34%.
Read entire article HERE.
