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Riverstone Ranks 15th Among the Nation's MPCs
Record-breaking 2011 sales have resulted in Riverstone being listed among the nation’s 15 top-selling master-planned communities for 2011, as compiled by John Burns Real Estate Consulting.
The Fort Bend community posted 302 sales last year, a 35 percent increase over 2010 sales of 225 homes.
“Last year’s sales were fueled by historically low interest rates and increased development activity in Riverstone, as builders built more homes in more neighborhoods and saw a return on their investment,” said Tom Wilcox, general manager of Riverstone.
Riverstone ranked 16th on a list of top-selling U.S. master-planned communities compiled by Metrostudy last year. Riverstone has consistently ranked among the top 10 master-planned communities in Houston.
A project of The Johnson Development Corp., Riverstone opened in 2001 and recorded its first sale in September of that year. Just over a decade later, builders have started more than 1,760 homes and closed more than 1,640. More than 5,000 residents now call Riverstone home.
“What a decade it was,” Wilcox said. “We’ve seen this community grow and prosper and we anticipate continued success.”
Riverstone already has announced the opening of a new neighborhood this year, Avalon at Riverstone, as well as plans for a third recreation center, to be built on a new section of University Boulevard slated for completion this summer.