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Follow on Google News | Neal Communities Has 25 Sales In August - Lakewood Ranch Builder Finds Bright Spots In This MarketNeal Communities reports another strong month - overall a very successful summer.
By: Neal Communities “We have a history of bucking the trends. Remember that we opened River Sound at the bottom of the market back in 2009. It is now almost sold out,” observes Neal Communities’ There are a few bright spots in the marketplace that point to economic turnaround. First, the inventory of homes available for sale is 4.7 months (as of 7/31/11) in Manatee and 6.4 months in Sarasota. Inventory below six months indicates “sellers” market conditions. The Case-Shiller index shows that housing prices have increased the past two months. Nationally, the average price of new homes was up 8 percent over a year ago. Personal incomes nationally have increased for the past 21 months. Finally, home prices increased slightly in the past month. “New home prices have been bouncing along at the bottom. Those who are on the fence about buying tend to jump in when prices start to rise,” adds Neal. Sales prices for Neal Communities now average $306,761, up 8.5% from last year. Neal Communities is ranked #1 locally by MetroStudy and by Hanley Wood Market Intelligence based on number of home sales and ranked #94 nationally among home builders by BUILDER Magazine. 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, John Neal Homes, Charlene Neal PureStyle, Waterscapes Pools & Spas, and First Continental Mortgage all contribute to the firm’s continued, record-setting local success. With over 8,000 homes built in Southwest Florida, Neal Communities’ # # # 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. End
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