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Each year, industry leader RCLCO Real Estate Advisors conduct a national survey identifying the top-selling master-planned communities in each major metropolitan area. When we looked at the rankings, we were delighted to see that Cadence was an industry leader. According to their recent report* home sales at Cadence at Gateway place it in the top six of all Arizona master-planned communities for 2019.
Developer Harvard Investments reports Cadence at Gateway’s phase one is 75 percent sold since its grand opening in October 2019.
According to the report as of June 2019** recorded home sales at top-selling Phoenix-area, master-planned communities are as follows:
- Eastmark – 429
- Verrado – 319
- Tarteso – 269
- Estrella – 242
- Vistancia – 239
- Cadence – 237
This is especially exciting when you consider Cadence is far smaller than most of the other communities listed.
RCLO shared, “Every year since 1994, RCLCO has conducted a national survey identifying the top-selling master-planned communities (MPCs) through a rigorous search of high-performing communities in each state. This initiative exists not only as a way to commend the most successful communities in the country, but also as a tool for monitoring the overall health of the for-sale housing industry and a means of locating markets with the most significant residential momentum. We highlight the trends affecting communities large and small and focus on development best practices to pass along lessons learned from the MPCs that have pioneered their way into the top ranks.”
One major differentiator for Cadence versus other area master-planned communities, is the amount and breadth of amenities for such an intimate community, and that the amenities are already available to the first homeowners. With just nine neighborhoods, phase one homeowners are already enjoying the resort-style pool complex including double twisty water slides, spa, lap pool, ramada, outdoor tennis, sports and bocce ball courts, indoor fitness center, spin room, yoga studio and a games area that were open day one.
Cadence features more than 50 different floor plans with the four current builders, and Newport Homes is expected to presale early 2020:
- Lennar – four neighborhoods and 256 homes
- Pulte Homes – three neighborhoods and 193 total homes
- Gehan – one neighborhood and 54 homes
- David Weekly – one neighborhood and 72 homes
- Newport Homes – one neighborhood and 82 homes
Find out more about Cadence at Gateway and what makes it the premier residential project in Arizona by visiting (http://cadenceaz.com/) or follow us on Facebook, Twitter and LinkedIn.
*RCLCO Real Estate Advisors July 9, 2019 Article: https://www.rclco.com/publication/top-selling-master-planned-communities-mid-year-2019/