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Summerlin Las Vegas Named Top 3 Best Selling Master Planned Community in the Country for 2021

Real estate consulting firm RCLCO released the results of their survey of the top-selling master-planned communities (MPCs) for 2021. Las Vegas, Nevada's Summerlin has earned the third place rank with 1,619 sales.

Photo Credit: Howard Hughes Corporation

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Real estate consulting firm RCLCO released the results of their survey of the top-selling master-planned communities (MPCs) for 2021. Read the report online. Las Vegas, Nevada's Summerlin has earned the third place rank with 1,619 sales.

Report by RCLCO

Report Summary:

  • Home sales in the nation's 50 top-selling master-planned communities grew by a modest 5% compared to 2020, with a 14% decrease in sales during the second half of the year compared to the first.
  • A lack of new home inventory despite the consistent and growing demand for new homes was generally cited as the reason for this modest growth by MPC developers, with supply chain disruptions, labor market tightness, and cost surges among the top reasons given for the inventory shortages.
  • The top-selling community in the country is Central Florida's The Villages, with 4,004 sales, 65% ahead of last year's pace.
  • Sarasota's Lakewood Ranch has earned the second place rank with 2,574 sales.
  • Las Vegas, Nevada's Summerlin has earned the third place rank with 1,619 sales.
  • Optimism is strong for 2022, which could be a big year for MPCs if supply chain issues resolve and allow communities to capture more of the growing demand for new homes.
  • Both inflation and the rate of increase in new home prices are expected to moderate in 2022, though both are likely to remain high for the first half of the year.

RCLCO Managing Director Gregg Logan notes, "The results of this year's Top-Selling MPC Report confirm that demand for new single-family homes within MPCs remains high, with favorable demographic tailwinds suggesting this strong demand will continue in 2022. However, supply chain disruptions and the lingering impacts of COVID-19 have prevented many MPCs from fully capitalizing on the growth in demand seen over the past year. As these challenges are resolved in the coming months, we are optimistic for the success of master-planned communities in 2022."


Source: RCLCO

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