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Cinco Ranch is the No. 1 community for new-home sales in Houston and Texas, and ranks second nationwide, according to a new study just released by RCLCO, a leading independent real estate advisory firm which has compiled the annual list since 1994.
With 775 new-home sales in 2008, Cinco Ranch was one of only three communities on the RCLCO list to report positive sales gains for 2008 over 2007. New-home sales in this 7,600-acre community, a development of Newland Communities, increased 7 percent in 2008 compared to the previous year.
For 2009, Cinco Ranch reported a total of 254 new-home sales through April 19 – a 4.5% increase over the same period in 2008. “Continued strong new-home sales in Cinco Ranch, Telfair and Eagle Springs prove that during uncertain economic times, homebuyers are choosing quality homes in well-planned, well-located communities with great amenities and lifestyle built in,” Nelson said. “Homebuyers seem to be viewing large-scale master-planned communities as strong investments, especially those
communities with strong track records, such as Cinco Ranch, now in its 18th year of development.”
Nelson added that Cinco Ranch had an eventful year in 2008, with the mid-year opening of a new 2,400-acre phase that will ultimately contain 5,000 new households. Newland Communities has also worked to expand new-home offerings throughout Cinco Ranch, ranging from neighborhoods appealing to first-time buyers with homes from the $160,000s, to custom estate homes
priced in the $1 million range.
