It looks like master-planned communities are making a big impression on homebuyers across the country! According to recently released statistics provided by John Burns Real Estate Consulting, these communities accounted for 5.4% percent of all new homes sales in 2013. This adds up to a 12% increase since the year prior.
These figures are in conjunction with the Top 50 Master-Planned Communities list, which is compiled by the same consulting firm. Every year, this list is put together to highlight communities that performed exceptionally well over the year. While having a high number of sales will put a community on the list, the growth and potential for more growth, is particularly exciting to watch.
Not only did our One Loudoun community rank among the top 50, but it also had the biggest year-over-year growth in home sales. Home sales grew by an outstanding 224% since 2012! This is quite an achievement from a Top 50 first-timer.
So, what does this say about One Loudoun? It says that we’re a standout community that is set for incredible success in the years to come. Our expertly planned design and new urbanism ideals combine to create a community that people want to live in. With popular, big-name businesses like the Fresh Market and the Alamo Drafthouse, commercial retail and office space, a central park, an elementary school and so much more, there’s everything a family would ever need – all in one development. Pair these benefits with the beautiful homes in varying styles, and it’s no wonder we sold over 240 homes in 2013!
What does Johns Burns Real Estate Consulting predict about developments, like One Loudoun, that are new to the list? They say, “We expect that some of these new communities will rise in the ranking as they gain momentum… next year’s master-planned community ranking will surely bring a new round of conclusions and perhaps some surprises.” This spells out an exciting future for One Loudoun!
John Burns Real Estate Consulting is a nation-wide consulting firm that focuses on providing their clients with the best housing market information. Their list is created to show hot housing trends and improvements in master-planned communities across the United States. One Loudoun is so honored to be recognized amongst the best and looks forward to next year’s rankings!