Lakewood Ranch in Sarasota, Florida. (Shutterstock)
According to an annual survey by RCLCO, the top-selling U.S. master-planned community so far in 2021 is Lakewood Ranch in Sarasota, Florida, with 1,535 sales through June, 83 percent ahead of last year’s pace.
Home sales in the nation’s top 50 communities exceeded expectations in the first half of 2021, with a pace that indicates the potential for a 12 percent increase at year’s end compared with 2020.
This surge in new sales is 20 percent above sales in the 2020 midyear report, and comes despite a tightening of new home inventory and reduced supply of components needed for new home construction.
While many communities have indicated that builders are quickly running through lot allocations or even slowing new sales to meet existing needs, master-planned communities on this list still experienced an average individual increase of more than 40 percent each compared with their prior period performance.
Within the top 50 communities, 75 percent of sales occurred in Florida, Texas, and Nevada. Florida was the top-ranked state in terms of total sales with 34 percent, followed by Texas with 30 percent.
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