A 59 p.c surge in gross sales final 12 months allowed Stapleton Denver to climb within the gross sales rankings among the many nation’s largest master-planned communities, in response to a report from John Burns Actual Property Consulting.
“As we glance across the nation, there are few grasp plans which can be indelibly linked with their cities and I believe that after we speak about housing in Denver, Stapleton instantly involves thoughts,” mentioned Ken Perlman, a guide with John Burns.
Stapleton claimed the 10th spot among the many nation’s 50 largest master-planned communities with 748 properties bought, up from 15th in 2016.
Developer Forest Metropolis Stapleton blamed the decline in gross sales on difficulties in transferring land and making ready tons in its Conservatory Inexperienced and Wicker Park neighborhoods.
Inexperienced Valley Ranch, positioned southwest of Denver Worldwide Airport, was the one different master-planned group in Colorado to make the nation’s prime 50. It reported 256 gross sales in 2017, on par with the 258 in 2016. However sooner positive aspects elsewhere pushed its relative rating all the way down to 40th from 31st.
Communities in Southern California, Phoenix, Las Vegas and elements of Florida had among the largest positive aspects in gross sales final 12 months. Texas, in contrast, misplaced momentum, posting solely two communities within the prime 25 final 12 months versus seven in 2016.