Strong Sales for Neal Communities in August; 25% Increase Over 2009

Sept. 1, 2010 - PRLog -- Southwest Florida - Neal Communities recorded its highest number of home contracts of 2010 with 41 contracts in August, a 25% increase over last year. The majority of the contracts – 18 – were in the new Central Park at Lakewood Ranch community, which features homes priced from the mid $100,000s and ranging from 1,040 to 2,442 square feet. Since the July 17th grand opening, there were 40 contracts in the Central Park at Lakewood Ranch community, which included 38 from Neal Communities and two from Bruce Williams Homes.

The home contracts signed during August included 18 in Central Park in Lakewood Ranch, eight in Forest Creek, six in River Sound, five in the Country Club at Lakewood Ranch, two in Wisteria Park, and one each in Harborage on Braden River and Mandalay.
With the Treasury rate dipping even further in August, Neal also recognizes optimal timing as a factor in last month’s boom, despite the recent national reports of the decrease in building permits and housing starts. According to the National Association of Realtor’s website, “As of August 20, the rate was 2.62 percent. In July of this year the rate was 3.50 percent, while a year ago the rate was 3.62. The low rate bodes well for the cost of borrowing in other financial markets, and points to continued low mortgage rates.”

“The record-low interest rates and excellent pricing show that Southwest Florida residents are looking for exceptional value in home buying, despite continued concerns over the climate in the national real estate industry,” said Pat Neal, president of Neal Communities. “Neal Communities is providing that value – along with an exceptional quality – across various price points in our local market.”

Neal Communities is ranked #1 locally by Hanley Wood Market Intelligence based on number of home sales and #126 among home builders nationally in BUILDER Magazine’s 2009 listing based on sales. As the area’s largest and most established locally owned and operated private builder, Neal Communities’ innovative home building, pool construction, development operations and quality customer service standards all contribute to the firm’s continued, record-setting local success. With more than 7,800 homes built in Southwest Florida, Neal Communities’ honors and accolades include 24 Awards 2010 Parade of Homes, 44 Aurora Awards, five Best in American Living Awards and hundreds of local and regional industry awards. For more information, visit nealcommunities.com.

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Neal Communities is Southwest Florida’s largest, most established locally owned and operated private company. Its commitment to responsible development, innovative home building, and design excellence serve as the benchmarks for the company’s success.