Stock Development reports sales climbing

COURTESY PHOTO The Village Center at Paseo includes a full-service concierge, a bistro, an ice cream parlor, a pub, an internet café, a coffee shop, a 4,000 square foot fitness center, a business center and library, as well as spa services and a 90-seat theatre with a projection room and comfortable elevated seating. Stock Development issued a strong sales report for the first three quarters of 2009. From Jan. 1 through Sept. 30, Stock Development sold 193 new homes at its communities of Lely Resort, the 2009 CBIA Community of the Year, Paseo, the 2009 BIA Community of the Year, and Vivante in Punta Gorda.

The sales totaled $70.4 million, boosted by a surge in sales totaling more than $10.5 million during the usually slow months of August and September, said Brian Stock, CEO of Stock Development. Lely Resort led the way with 117 new home sales.

“There has been a marked increase in sales and traffic recently and our average sales price has increased,” Mr. Stock said. “In the first quarter of this year our average sale price remained steady from last year at $355,000. However, in August it increased to $364,000 and in September it jumped to $396,000.”

Mr. Stock reported that the early October numbers indicate this trend continuing, with twice as many homes sold in the first 10 days of the month as during all of October 2008.

“The sales offices are reporting an increase in out-of-town buyers, indicating that the word is getting out up north that new home inventories are dwindling and demand is up,” Mr. Stock said. “We are hearing this from the Realtor community. Co-broke’s account for 68 percent of our sales so Realtors continue to recognize the value of Stock communities.”

Stock has had record numbers of visitors to its three sales centers with more than 6,200 people touring the three communities to date this year.

Stock Development is building homes in three Southwest Florida communities.

At Lely Resort, a total of 12 neighborhoods of flats, townhomes, coach homes, twin villas, single-family homes and estate homes are offered with prices beginning from the $180s.

Paseo, in Fort Myers, offers flats and town homes in 14 designs, as well as six casita floor plans. The award-winning homes range from 1,200 to more than 2,000 square feet under air. Two neighborhoods of single-story, twostory 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. Prices at Paseo begin in the $180s.

Vivante, in Punta Gorda, offers twoand

three-bedroom condominiums with 1,485 square feet to 2,500 square feet of living space and is priced from $149,990. Harborfront units are priced from just $299,990. 