Cinco Ranch New-Home Sales Up 15% For 2009

by David Weekley Homes

In 2009, Cinco Ranch saw a 15% jump in new home sales. This 7,600-acre master-planned community in Katy is the new place to be for those looking to relocate and move-up homebuyers alike.

Homebuilders in Cinco Ranch sold a total of 892 new homes in 2009, compared to 773 new homes sold in 2008. Last year was the best year for new-home sales in Cinco Ranch since 2006, and the third-best year since the community opened in 1991.

David Weekley Homes, like other homebuilders, enjoyed great success in Cinco Ranch.
Priced from the $240s, David Weekley Homes offers 50’, 65’, 80’ and 90’ homesites in three distinct sections. Visit one of their 3 Model Homes in the new model park village off Spring Green and Fry Rd.

Strong relocation sales, a large product line that meets many budgetary needs and the wonderful school districts gave Cinco Ranch the advantage this year.

Homebuyers looking to relocate to the Houston area accounted for 1/3 of the new Homebuyers in Cinco Ranch. This is in part due to Houston’s healthier looking employment picture and for many out-of-towners, Cinco Ranch is known for it quality, value and safety.  

Having a large supply of home also gives Cinco Ranch the advantage. About half of the new homes purchased were either built, or they were already under construction. In addition, Cinco Ranch also added a number of neighborhoods in new and existing price ranges in 2009 to offer something for all families. 

Education is also another advantage when you are a resident living in Cinco Ranch. Cinco Ranch is located in the Katy Independent School District, and 12 of the 13 public schools that Cinco Ranch students are zoned to attend have received the highest accountability rating, Exemplary, from the Texas Education Agency.

The Houston area also saw a significant increase in new home sales of 10% in the Sugar Land neighborhood of Telfair. This 2,018 acre community sold a total of 449 new homes as compared to 408 in 2008.

About Cinco Ranch
Cinco Ranch, a Katy, Texas master-planned community, is located 30 miles west of downtown Houston. This 7,600-acre community offers new Houston homes for sale at prices from the $160,000s to over $1 million by over a dozen leading homebuilders. Cinco Ranch currently has about 10,000 homes and upon completion in about 2014 is planned for approximately 14,000 single-family homes, luxury homes, custom homes, townhomes and apartments.  Opened in 1991, Cinco Ranch has 11 onsite schools in the Katy Independent School District, along with 10 recreation centers, the 18-hole Cinco Ranch Golf Club and a wide variety of commercial and retail centers including La Centerra at Cinco Ranch. www.cincoranch.com

About Newland Communities
Newland Communities is the largest private developer of planned communities in the United States. With a legacy that began in 1968, Newland specializes in comprehensive residential and urban mixed-use master planning with expertise in leading large-scale single- and multi-family new-home communities. Headquartered in San Diego, Calif., Newland and its affiliated companies are currently developing and managing nearly 40 projects in 14 states. www.newlandcommunities.com

About David Weekley Homes
David Weekley Homes, founded in 1976, is headquartered in Houston and operates in 14 cities across the United States.  David Weekley Homes was the first builder in the United States to be awarded the Triple Crown of American Home Building, an honor which includes “America's Best Builder,” “Builder of the Year” and the “National Housing Quality Award.” This is Weekley’s seventh time to appear on FORTUNE’s coveted list.  For more information about David Weekley Homes, visit the company’s web site at www.davidweekleyhomes.com.