23,263 New Home Sales Last Year at Top 50 Masterplans, a 14% Increase over 2014 | John Burns Real Estate Consulting
John Burns Real Estate Consulting, LLC (JBREC) congratulates the developers and home builders that made the top 50 masterplans so successful in 2015.
More info @ https://www.realestateconsulting.com/23263-new-home-sales-last-year-top-50-masterplans-14-increase-2014/
New Home Sales at the Top 50 Masterplans Set a New Record
Home buyers love master-planned communities. More than 28,000 home buyers purchased homes in the top 50 master-planned communities last year. While new home sales grew 9% last year, masterplan sales grew 20%! All 50 communities sold at least 314 homes last year—almost one per day.
Many Southern California masterplans ranked in the top 25. Southern California masterplans represent 12% of the top 50 and 24% of the top 25. Orange County masterplans dominated, and San Diego and the Inland Empire each had one in the top 25.
More Southwest masterplans made the top 25. Southwest masterplans claim 24% of the top 50, flat from 2016. However, improved Phoenix and Las Vegas new home sales produced more top 25 masterplans, while fewer in Denver made our ranking.
Fewer Texas masterplans made the top 25. Texas captures 30% of our 2017 top 50, dropping 2 percentage points from last year. Slower sales due to a mix of lot gaps, higher home prices, and extensive competition in the most desirable locations resulted in only two Texas masterplans achieving the top 25 ranking in 2017.
Florida’s masterplans account for 28% of the top 25, up from 20% one year ago. Though Florida’s share of the top 50 dipped by 2 percentage points, we expect more growth in 2018 as new communities in Jacksonville, Orlando, and Tampa gain traction. Strong job growth and lifestyle appeal to both families and retirees pave the way. The recent hurricane devastation in the Caribbean is likely to increase tourism in Florida this year, too, which will increase home demand.
https://www.realestateconsulting.com/23263-new-home-sales-last-year-top-50-masterplans-14-increase-2014/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 11, 2018 at 08:29AM