PONTE VEDRA, Fla. (PRWEB) October 12, 2012
Nocatee is the nation’s 11th fastest-growing master-planned community, according to Metrostudy’s mid-year lot-by-lot housing survey. Nocatee is also North Florida’s fastest-growing community, capturing 11 percent of all new production in the Jacksonville market.
Nocatee started 357 new homes over the past 12 months, a 60-percent increase over the same period last year. More than 1,300 families now call Nocatee home. The community was one of only three in Florida—and the only one in North Florida—that made Metrostudy’s top-20 master-planned communities list.
“We are experiencing tremendous growth, as more and more families recognize what Nocatee has to offer,” said Rick Ray, Managing Partner of The PARC Group, Nocatee’s master developer. “To meet demand, we have three new neighborhoods currently under development, with two more planned for 2013.”
Metrostudy is a national housing data and consulting firm that maintains the most extensive residential construction database in the U.S. Metrostudy staff members drive and survey every lot in every community within each market for its independent quarterly survey. Rankings are based on the current cumulative count of new housing starts for the prior four quarters of each master plan surveyed.
According to Metrostudy, the most successful master-planned communities in the nation “tend to include a wide selection of new housing product, multiple homebuilders, close proximity to employment centers and services, open space, diverse walkable amenities, town centers, and themed lifestyles.”
Read more about Metrostudy’s report here: http://www.metrostudyreport.com/national-housing-market/top-20-master-planned-communities-midway-through-2012
Nocatee is a master-planned community with a balanced approach to development to provide a wide variety of residential lifestyles, employment opportunities, shopping, schools, civic uses and recreation. In 2011, Nocatee was named one of the top 15 fastest-growing master-planned communities in the United States. More than 1,300 families live in Nocatee, enjoying unrivaled amenities and easy access to Jacksonville, Ponte Vedra Beach and St. Augustine. The community offers several neighborhoods with homes priced from the high $100s to more than $1 million. To learn more about the Nocatee lifestyle, call 1-800-Nocatee or visit http://www.Nocatee.com.