Master-planned communities (MPCs) saw strong but slowing demand in 2022, with their shared amenities and desirable lifestyle attracting many home buyers. The 500+ communities we surveyed felt significant supply and demand pressure throughout 2022, with development delays bottlenecking builders’ lot supply and rising mortgage rates pricing out many buyers. Florida commanded the Top 50 ranking with 12 of the top 25 best-selling communities, all of which benefited from strong domestic migration.
The John Burns Real Estate Consulting staff congratulates the management teams behind the Top 50 master-planned communities, which sold at least 338 new homes per community during 2022. This threshold is the 4th highest in our 12-year survey history, trailing the record 460 sales required to make our 2021 ranking.
Over 31,000 home buyers purchased new homes in the Top 50 master plans in 2022, reflecting a -11% decrease from roughly 35,000 home sales in 2021 and trailing the 37,000 sales captured by the Top 50 master plans in 2020.
Three master plans, all in Florida, exceeded 1,000 new home sales in 2022, down from five breaking this threshold in 2021: the active-adult-focused Villages, all-ages Lakewood Ranch, and family-friendly Silverleaf master plans.