Stock Development sells 100 homes in first quarter 2009

COURTESY PHOTO The Veneto model is open in the Mercado neighborhood of Paseo in Fort Myers. Stock Development sold 100 new homes at its communities of Lely Resort, Paseo in Fort Myers and Vivante in Punta Gorda during the first quarter.

Brian Stock, CEO of Stock Development, said the company's sales volume totaled $35.5 million, boosted by a surge in March sales totaling more than $20 million. Lely Resort led the way with 58 new home sales.

"The first quarter of 2009 continued the sales momentum we had built in 2008 when we registered nearly 400 sales," Mr. Stock said. "Our average sale price remained a steady $355,000 as standing inventory home numbers have dropped dramatically. We have new construction under way in Lely Resort and new buildings in permitting at Paseo."

Stock Development is building homes in three of Southwest Florida's most beautiful communities.

"We had record numbers of visitors to our sales centers with nearly 5,000 people touring our three communities," Mr. Stock said. "One of the strengths has been the number of returning visitors. That trend is continuing in the first days of April and we already have a large number of contracts negotiated and pending so we expect to have strong sales continuing into the summer."

Paseo offers flats and town homes in 14 designs, as well as six casita floor plans. These award-winning homes range from 1,200 to more than 2,000 square feet under air. Two neighborhoods of single-story, two-story and courtyard-style single-family homes are also available. Floor plans range from 1,649 to just over 3,000 square feet under air plus attached two-car garages.

Vivante in Punta Gorda offers twoand three-bedroom condominiums with 1,485 square feet to 2,500 square feet of living space and prices ranging from $149,990 to $499,990. Harborfront units are priced from just $299,990.