Real Estate is alive, well, and prospering in Cinco Ranch, Katy Texas!
Cinco Ranch posts sales gain for first six months of 2009
The Cinco Ranch team is pleased to report that new-home sales increased during the first six months of 2009 over the previous year. Cinco Ranch had 467 new-home sales during this time, compared to 446 sales for the same period in 2008. The 21-unit increase represents a 4.7% increase for the first six months of 2009 over the previous year.
"While the increase might appear modest, it takes on significance when contrasted with the overall Houston market, where new-home sales are generally down by double digits in 2009," said Jennifer Taylor.
Strong relocation sales to out-of-town buyers have helped Cinco Ranch improve upon the sales momentum it achieved in 2008, when it was ranked as the number one community for new-home sales in Texas (and number two in the nation) by RCLCO, a national real estate advisory company.
"Out-of-town buyers accounted for fully one-third of new-home sales at Cinco Ranch for the first half of 2009, a good indicator that Houston is still adding jobs, especially in the Energy Corridor which is near the community," Jennifer said.
Nearly half of Cinco Ranch sales for the first six months of 2009 have been "spec" homes (homes that were started by builders in anticipation of buyers). "The high percentage of spec sales at Cinco Ranch so far this year offers further evidence of strong relocation demand, since relo buyers typically want homes available for quick occupancy," she added.