Home sales soar for Neal Communities in October
One hundred home sales in October for Neal Communities (NealCommunities.com), southwest Florida’s premier, private homebuilder, brings the firm’s year-to-date total to an impressive 956 sales.
“Traditionally, the southwest Florida home market is stronger than trends we see nationwide, and this month continues to bolster that theory,” said Michael Storey, president of Neal Communities. “With new home sales up by more than 3 percent across the country, our results are a testament to homebuyer confidence throughout the U.S. and in Florida.”
Additionally, CNBC recently reported this is the best time to buy a home with mortgage rates below four percent; a number that is persuading renters to lock in fixed costs and create wealth for themselves.
According to industry data, the biggest sales increases nationally are coming from mid-tier homes priced between $300,000 and $399,000. Several Neal Communities neighborhoods in that category saw high sales numbers in October, including Grand Palm in Venice with 11 sales and Milano in Venice and Silverleaf in Parrish with nine sales each.
Neal Signature Homes also sold nine in October, with five sales in the popular amenity-rich community Country Club East at Lakewood Ranch. Other communities, including Boca Royale Golf & Country Club in Englewood, Eagle Trace in Bradenton and Woodland Trace in Sarasota, each had six sales last month.
In addition to an increase in home sales, the company has seen growth in the Neal Communities team during 2016, with 70 new hires since the beginning of the year.
About Neal Communities
Neal Communities was named the Professional Builder 2015 “Builder of the Year” and was named one of 2012’s “America’s Best Builders” by BUILDER Magazine and voted the “2013 Best Residential Builder in Southwest Florida” in a readers’ poll sponsored by Gulfshore Business Magazine. The company is ranked No. 1 locally by Metrostudy and by Hanley Wood Market Intelligence based on number of home sales and ranked nationally among the top 50 builders by BUILDER Magazine. To date, Neal has built over 10,000 homes in southwest Florida. As the area’s largest and most established, locally owned and operated private builder, Neal Communities is continually striving for excellence in every aspect of the home building and development business. Neal Signature Homes, Neal Land Ventures, Charlene Neal PureStyle, Waterscapes Pools & Spas, Neal Communities Funding, Fiducia Insurance and Allegiant Title Professionals all contribute to the firm’s continued, record-setting local success. The company’s honors and accolades include 44 Parade of Homes 2015 awards, 50 Aurora Awards, 5 Best in American Living Awards and hundreds of local and regional industry awards. For more information, please visit www.NealCommunities.com.