For the first time in a number of years, The Villages no longer holds the title of Top-Selling Master Planned Community.
According to John Burns Real Estate Consulting, in 2016 The Villages sold 1,966 new homes. That’s down 14% from the previous year when they sold 2,294 homes.
“The Villages masterplan, a retiree haven located north of Orlando, finally showed signs of running out of lots while also raising prices on the remaining homes, selling 1,966 homes after many years of exceeding 2,800 sales annually.”
This drops them to the #2 spot on the list, behind Irvine Ranch out in California, which sold 1,989 homes.
To put things in perspective though, The Villages still sold more than the #3 and #4 communities on the list combined.
So, still pretty incredible numbers, though down a little from what we’re used to seeing. Totally expected as new home inventory dwindles.