The Robert Charles Lesser & Co (RCLCO) mid-year list of the 50 best-selling master-planned communities in the nation is out and Balmoral has made the cut again, placing at No. 12.
Sales increased 12 percent this year with 458 homes purchased by buyers excited to enjoy our fun-filled lagoon lifestyle. Those numbers also garnered us the No. 1 best-selling community in Houston spot. We are the No. 2 best-selling community in Texas.
Rankings are based on total net home sales. Only true master-planned communities that have been developed from a comprehensive master plan and feature a variety of housing types, sizes, prices and amenities are included, according to RCLCO.
Sales in the top 50 communities are on track to rise 12 percent this year. Home demand has surged in the past six months as consumers who put off purchasing a new home responded to historically low interest rates and the opportunity to exchange renting for buying.
The report also notes that buyers are seeking more space. Millennials contributed to the rise in sales as many seek a suburban lifestyle for their children. Boomers and older Gen X buyers are downsizing and looking to move closer to family.
Master-planned communities expected to continue to do well are those that offer a range of home choices and pricing. Communities with a plethora of amenities are still in high demand.
Balmoral offers new home designs to fit most budgets. Homes are priced from the $200s to the $500s and range from townhomes to expansive single-family homes.
Our award-winning amenities — including our 2-acre lagoon and spacious Amenity Village — keep residents active and outdoors. The Amenity Village was named the 2020 Master-Planned Community Amenity of the Year in the recent Greater Houston Builders Association’s Houston’s Best PRISM Awards and Best Community Amenity during the 2020 Texas Association of Builder’s Texas Star Awards.
Two of our sister communities also made the top 50 list. Sierra Vista/Sterling Lakes in South Houston, ranked at No. 20 with 397 home sales. Lago Mar in Texas City nabbed the No. 36 spot. Sales rose 34 percent to 297 sales in that community.
The RCLCO report also noted that there is a great demand for homes right now, so if you want to experience our unique lifestyle, visit us today.