Cinco Ranch #1 selling community in Texas
Tuesday, March 15, 2011
Cinco Ranch was the number one community for new-home sales in Texas and Houston for 2010, according to a report from RCLCO, a national real estate advisory firm. With 816 new-home sales last year, Cinco Ranch was also the third-ranked community in the United States for new-home sales.
Located in Katy, Cinco Ranch has new homes priced from the $140,000s to over $1 million. Opened in 1991, Cinco Ranch is celebrating its 20th anniversary in 2011 with plans to open a Model Home Village with 24 decorated model homes in April.
"Offering a diverse range of new-home products and fresh model homes has been key to the success of Cinco Ranch over the past two decades," said Heather Gould, marketing director for Newland Communities, developer of Cinco Ranch. "Education has been another strong draw for homebuyers, with 15 of the 16 Katy ISD schools schools serving Cinco Ranch rated Exemplary by the Texas Education Agency."
In 2010, Newland Communities acquired 474 acres to expand Cinco Ranch from 7,600 acres to 8,074 acres, providing land for an additional 1,200 homes.
Each year, RCLCO tracks the sales of over 400 master-planned communities (MPCs) across the nation for its annual MPC survey, which it has released since 1994.
Houston had the largest concentration of top-selling communities on the RCLCO list, with eight developments among the top 20. The RCLCO news release also noted that Newland Communities, the nation's largest private developer of master-planned communities, claimed 25% of the communities on the top 20 list, and was the only developer with top-selling communities in multiple markets.
Other Newland Communities in Houston on the RCLCO list included Telfair in Sugar Land, ranked third in Houston and sixth nationally. Newland's Summerwood and Eagle Springs communities in Humble, its Teravista community in Austin, and its FishHawk Ranch development in Tampa were also among the national top 20.