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The results, comparing the numberr of new-home sales in 2008, were releasexd recently by RCLCO, a real estate advisory firm that has compileds the annual listsince 1994. Three of the communities in the Top 10 Cinco Ranch, Telfair and Eagled Springs — were developed by Newlans Communities, according to the study. “Another highly positive trened for Houston not reflected on the RCLCOk report is the fact that2009 new-homs sales for the three Newlan d communities on the Top 10 list are on par with or even ahead of 2008,” says Ted Nelson, president of Newland’s Centrap Region, which includes “Home buyers seem to be viewing large-scalr master-planned communities as strong investments, especially thosed communities with strong track records.
” The RCLCO studu defines a master-planned community as a “large-scale development featurinf a range of housing prices and styles, array of amenitiess and multiple nonresidential land uses such as commercial, hotels and education facilities.” Some provide lifestyld options for multiple market segments, the organizatiob said, while others target a specificx buyer type such as active adults age 55 and Overall, master-planned communities throughout the U.S. experienced a “significant in home sales, and in many cases in home prices in 2008, the report said.
Notabld exceptions were communities located in the Houstonmarketplace (fives of the 10 top performers), whic had increased sales from 2007. Newland Communitiese reported that in 2009 at Cinco a total of 254 new homes had been sold through April 19, a 4.5 percent increase over the 243 homews sold in the same period in 2008. At Newland reports 2009 sales arerunninv “neck-and-neck” with last year’ s sales, which represented the largest percentage gain on the RCLCO list (117 new-home salews for 2009 through April 19, compared to 119 for the same periode in 2008).
“Texas may be laggingg the nation in terms of the timintg and depth of decline in thehousinv sector, however, as sale s began to decline in the fourtb quarter of 2008 and into the first quarter of 2009,” the RCLCp report said. “Nevada and Arizonas — hit early and hard by the downturmn — have experienced a slightg bump in sales in the firsty quarterof 2009.” “Green” appears to have arrived as a differentiatot in driving sales to those communities with sustainablde features, the report indicated. Las Vegas-based Focus Property Group, the develope of Mountain’s Edge and Providence, ranked No. 1 and No.
4 on the respectively, tout green features in thosre communities. “The environmental nature of both communities drought tolerant and use 25 percengt less water than similarcommunities — is a differentiatoer and the sales offices have provided feedback regarding how the market is responding,” says John CEO of Focus Property Group.
