Looking to Buy a New Home? Houston's Master Planned Developments Top the List

A report from the HBJ (http://houston.bizjournals.com/houston/)

Cinco Ranch was the top-selling master-planned community in the United States last year. And The Woodlands was No. 2. In fact, four Houston area communities ranked in the top 10 on an annual survey by RCLCO, an independent real estate advisory firm. Newland Communities’ Cinco Ranch had net sales of 887 homes during 2009 — a 14 percent increase over the 775 net sales in 2008. The Woodlands Development Co.’s master-planned community had net sales of 633 homes last year. That represented a 16 percent decrease from the 750 sales in 2008.

Newland Communities also grabbed No. 4 on the list with Telfair. The local community had 450 net sales in 2009 —up 9 percent from the 412 net sales in 2008. The Johnson Development Corp.’s Sienna Plantation rounded out the top tier at No. 10. The community sold a net 280 homes last year, down 24 percent from the 369 sales in 2008.

Year-over-year net sales declined for most of the top 20 best-selling communities, reports RCLCO, with volumes declining by 8 percent to as much as 84 percent. Telfair and Cinco Ranch bucked the trend of dropping sales by posting increased sales for the third year in a row. RCLCO, which stands for Robert Charles Lesser & Co., is based in Washington, D.C.. The firm surveys more than 400 master-planned communities each year for its sales survey.