Master planned communities (MPCs) boast a number of competitive advantages compared with homes outside of master plans in the event of a market slowdown. A recent survey by the New Home Trends Institute revealed that 95% of homeowners and single-family renters expect that homes in MPCs will hold their value as well as or better than others in a market downturn, John Burns Real Estate Consulting reports.
With less crime, a number of desirable lifestyle amenities, and strong resale value, homes in MPCs are expected to weather the storm of a nationwide market correction, even as other homes in overheated regional markets suffer steep price drops and see diminished buyer traffic.
Our New Home Trends Institute survey also found that 64% of homeowners and single-family renters agree homes in MPCs hold their resale values better1, which has also been our experience. Those safety and lifestyle opportunities, combined with unique and well-curated amenities and factors that often include convenient access to schools and shopping, are timeless elements that broaden the appeal of master-planned communities and expand the buyer pool. With the housing market slowdown clearly in effect, the prospect of better resale values can help improve the sense of security buyers have in their purchase.
Related Stories
Master Planned Communities
Top 50 Master Planned Communities of 2022
The nation's top master-planned communities saw strong but slowing growth in 2022 with a total of 31,000 sales
HVAC
This Texas Housing Development Is Home to the Largest-Ever Geothermal Grid
Once completed, the Whisper Valley community outside of Austin, Texas will use a geothermal grid to provide heating and cooling to 7,500 households
Community Development
Up-and-Coming Community Design Trends Reflect Post-Pandemic Lifestyle Changes
Developers are introducing amenities focused on flexibility and outdoor living in new residential communities to accommodate an evolving consumer base post-pandemic