Neal Communities Reports Robust 2019 First Quarter

Business

SRQ DAILY MONDAY BUSINESS EDITION MONDAY APR 8, 2019

Neal Communities, one of southwest Florida’s premier, private homebuilders, reported a robust rebound in homes sales during the first quarter of 2019 with 279 sales in January through March and a record-breaking month with 124 new home company-wide sales in March. With 31 communities spanning from Apollo Beach to Naples, the builder’s three fastest-selling communities in its north division during the first quarter of 2019 included Grand Palm and Milano in Venice and two Parrish communities of Silverleaf and Canoe Creek.

According to the REALTORAssociation of Sarasota and Manatee, the median sales price of single-family homes in the local market is up 5.3 percent, and the number of homes sold is up 4.2 percent. The amount of available inventory in the market is up 13.6 percent from last year with 5.4-month supply of available inventory in the Sarasota County market. Other factors that were likely contributors to March’s record-breaking sales numbers include favorable market conditions, such as positive consumer confidence, low unemployment rates and the lowest mortgage rates in more than a year.

Neal Communities

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