Viera Among Central Florida’s Top Ranked In U.S.

January 11, 2021-Reporting on key performing master planned communities across Central Florida region, Orlando Business Journal interviewed Todd Pokrywa, President of The Viera Company.

The master planned community of Viera, Florida ranked within the Top 20 MPCs in the U.S. in 2020, on both the RCLCO Real Estate Advisors and the John Burns Real Estate Consulting rankings for top performing communities.  These rankings equate to top 5 positions in Florida.

Referencing the RCLCO ranking, Pokrywa says: “That was a 45% leap from 500 sales in 2019. The community, with homes ranging in price from the high $200,000s to more than $1 million, benefits from its location near Interstate 95 interchanges and the high-tech, high-wage nature of Brevard County’s economy.”

Four Central Florida communities garnered notice, including The Villages (which led the nation recording 2,452 home sales in 2020) and sprawls across Lake, Marion and Sumter counties. Other notable Central Florida communities are Viera, Lake Nona (Orlando), and Latitude Margaritaville, the Daytona Beach active-adult community

2020 was a strong year for master-planned communities. The pandemic has encouraged many people to look for new solutions.

“Covid-19 has increased the desire for newer, better, and bigger spaces,” one of the reports reads. “However, it is the low interest rates that have provided the opportunity for many buyers, and the historically low levels of resale inventory which has accelerated urgency, and increased demand for new homes.”

Says OBJ: ”Trends in the residential real estate market are important, as every home sale in the state has an estimated local economic impact of $77,858, according to a 2018 study by the National Association of Realtors. In addition, the housing market often is considered a reflection of the overall health of the local economy.”