An increase in domestic migration from heightened work-from-home demand drove record master-planned community sales in 2021 despite supply constraints and industry shortages, reports John Burns Real Estate Consulting. Over 39,000 buyers purchased homes in master-planned communities in 2021, a 9% year-over-year increase from 2020 and the highest threshold in the top 50 survey’s 11-year history.
Florida topped the list with 6 of the top 15 best-selling communities, followed by markets in Las Vegas, Charleston, and Southern California.
Over 39,000 home buyers purchased new homes in these master plans in 2021, reflecting a 9% increase from 2020 and exceeding the 31,000 sales captured by the top 50 master plans in 2019.
Six master plans exceeded 1,000 new home sales in 2021, up from five in 2020, including two Florida master plans, two in Las Vegas, and one each in Charleston and in California’s Inland Empire.
For the full list of the top 50 master-planned communities in 2021 …
