Nocatee New Home Sales Surge - Now Sixth Most Popular Planned Community in the U.S.
by Donny Mak
on Tuesday, September 17th, 2013 at 1:00am.
New home sales in Nocatee were good for 2012, but for first half 2013, they were off the charts. Up from its number 10 spot in 2012, Nocatee is now the 6th bestselling master planned community in the country, with sales up 72% over the same period last year. Rankings are published by real estate advisory firm RCLCO in its Mid-Year 2013 Update, which is a survey of total home sales in the first half of 2013 across the country’s top-selling master-planned communities.
Nocatee Town Center
True, sales were up over many new communities this year, but Nocatee’s growth has far outpaced the rest. Nocatee developers, the PARC Group, continue to invest heavily in its ever expanding list of amenities, recreation, and shopping. And the builders are busy too. Last year 508 homes were built in Nocatee, and that number will be 800 new homes at the current pace of building. Five existing communities have added additional phases, and new communities, such as Brookwood, are coming on line. In 2014, the developers are reporting that seven new neighborhoods will open.
Nocatee is a clear beneficiary of the solid state of real estate growth in the past 18 months, with interest rates still low, and consumer confidence on the rise. Currently, about 2,000 families live in Nocatee, for a secluded feel that’s not far away, offering easy access to Jacksonville, Ponte Vedra Beach and St. Augustine. Prices range from the $200s to more than $1 million.