It is hard to believe it until you see it. The TV and newspapers talk daily about doom and gloom in the Real Estate market. You can not open the newspaper without reading an article on short sales, foreclosures and our horrible economy. So why is it that it has been difficult to find a parking spot at the Valencia Pointe sales office for the past few months?
As I stated in my last blog entry, I believe the 55+ community niche market remains one of the strongest Real Estate market sectors in the industry, at least in South Florida. Within the 55+ market, each Valencia community is an island unto itself, thanks to the reputation of Palm Beach County's number one developer (and land owner), G.L. Homes. Among other projects, GL Homes is currently developing Valencia Pointe and Valencia Reserve, both located in Boynton Beach. Here is an update on both projects as of May 6th, 2010.
Valencia Pointe
Valencia Pointe is entering its final stages of development. When complete, Valencia Pointe will have 690 homes. As of 5/6/2010, 677 homes have been sold or are under contract*. Of the remaining 13 homes, approximately 7 are spec houses. Spec houses are brand new homes which G.L. Homes has built and are ready for quick delivery. They come will all the same warranties provided to buyers who pick a lot and build a home to their specifications. These spec houses are all in G.L. Homes Signature series.
In approximately two months (July 2010), GL Homes will close the sales office and model center at Valencia Pointe and move to their brand new model center at Valencia Reserve. Once this transition is complete, GL Homes will remove the sales office and parking lots at Valencia Pointe, freeing up the land for the last few homes to be built.
Remember, Valencia Pointe warmly welcomes Brokers. As a buyer, you receive all the benefits and services I provided, while all Brokers' fees are paid by G.L. Homes. Buyers get the same purchase price regardless of the involvement of a Broker. Please call me at (561) 496-2000 for more details, or visit my FAQ on this topic. Also, don't forget to view the testimonials of many of my satisfied clients.
Valencia Reserve
There has been a lot of exciting activity at Valencia Reserve over the last 6 months. When complete, Valencia Reserve will have over 1000 homes in the Signature Series, Crown Series and now the Vintage Series. Over the last year, Valencia Reserve has transformed from a large parcel of farm land to a beautiful and vibrant community.
Most notable over the past three months is the clubhouse progress. Phase one of the clubhouse is scheduled to be complete in the 1st quarter of 2010. GL Homes has completed the tennis courts and pro shop and will hold a grand opening in May. Additionally, GL Homes is opening a temporary Lifestyle Center across the street at the Canyon Town Center. Planned to open in May, residents will have a great meeting spot for social gatherings, club activities, and a place to meet your new neighbors.
As of May 6th, 312 homes have been sold or are under contract, with an additional 5 lots under reservation*. This number was approximately 130 at the end of 2009. A new Signature parcel is due to be released on May 14th, which means there will be a wide variety of lots to choose from. The Valencia Reserve sales office and model center is planned to open in the first two weeks of July.
Additionally, G.L. Homes has started to release spec homes available for quick delivery at Valencia Reserve. When asked by my clients how I feel about G.L. Homes, among other examples of why I believe in them, I point to their policy of building spec homes. G.L. Homes takes pride in each and every section (also known as a POD) being completed as soon as possible. Once a resident moves in, they want to live around construction for as little time as possible. By building spec houses, G.L. homes helps to complete each section as quickly as possible. Building spec homes carries financial risks and liabilities for a developer. There is no guarantee when someone will buy it, and G.L. Homes needs to carry the cost of construction and ownership once it is complete. G.L. Homes' ability and willingness to take these risks speaks very strongly about their own confidence in their finances and projects such as Valencia Reserve.
Remember, like Valencia Pointe, Valencia Reserve warmly welcomes Brokers. As a buyer, you receive all the benefits and services I provided, while all Brokers' fees are paid by G.L. Homes. Buyers get the same purchase price regardless of the involvement of a Broker. Please call me at (561) 496-2000 for more details, or visit my FAQ on this topic.
* Based on the number's posted at the G.L. Homes Sales office located at Valencia Pointe
If you would like to hear more about the services I offer to my clients, please visit www.JeffreyJKatz.com or simply pick up the phone and give me a ring at (561) 496-2000.
RE/MAX Advantage Plus is not affiliated in any way with G.L. Homes or any of its affiliates and is not an authorized representative of G.L. Homes or any of its affiliates. G.L. Homes or it's affiliates do use the services of RE/MAX Advantage Plus to list and market homes for sale in their communities from time to time in which RE/MAX Advantage Plus is acting in the capacity as a Transaction Broker."
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