Inventory of Spec Homes in Central Florida is decreasing and prices are rising, Lennar warns “Now is the time to buy”

ORLANDO/TAMPA, Fla. --- The inventory of available ready-to-move-in spec homes in the Orlando and Tampa Bay regions is decreasing and that means prices are beginning to rise, according to one of Florida’s most active home builders.

Mark Metheny, president of Lennar’s Central Florida Division, which builds new single family and town homes in 20 communities in the Clermont, Orlando and Space Coast areas and in 15 communities in the Tampa Bay region, said Lennar is working hard to maintain ready-to-move-in homes in all its communities.

“As inventories decline, the law of supply and demand is reasserting itself,” Metheny said.

Currently, Lennar’s ready-to-move-in homes at its communities in Hillsborough, Pasco, Hernando and Polk Counties are priced from the $70s to more than $400,000. In the Clermont, Orlando and Space Coast regions Lennar move-in ready homes are priced from the low $100s to the high $200s, Metheny explained.

“We are building new ready-to-move-in homes in all of our communities and it is getting harder to keep up with demand,” Metheny said.

As the Florida housing market recovers, some buyers are going to see a window of opportunity close, he said.

“Right now, the lowest pricing, the lowest mortgage interest rates and the best availability all point to a unique window for home buyers that will close as demand increases and prices rise," Metheny said.

For more information, visit www.Lennar.com or call 888-317-7489.

Lennar’s Central Florida Division Building Ready-To-Move-In Spec Homes in 29 Active Communities

Lennar’s Central Florida Division Building Ready-To-Move-In Spec Homes in 29 Active Communities

TAMPA, Fla. - Lennar’s Central Florida Division, which builds new town homes and single-family homes in 29 active neighborhoods in Central Florida, is currently building ready-to-move-in spec homes in all 29 communities.

Mark Metheny, president of Lennar’ Central Florida Division, said ready-to-move-in homes are just as important now as they were during the height of the housing boom.

“A significant proportion of home buyers are ready to move in immediately and if we can’t provide for them they will look elsewhere,” said Metheny.

“We anticipate sales in all of our communities and we are pretty accurate,” Metheny said. “We aren’t building as many ready-to-move-in homes as we have in the past, but we always have ready-to-move-in homes available,” he said.

Lennar’s ready-to-move-in homes range in size from 1,260 square feet of living space to 4,900 square feet and are priced from under $100,000.

For more information, contact:
Jassy Friddle, Marketing Manager Lennar, 888-317-7489Mark Metheny, Lennar Division President-Central Florida, 888-317-7489

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

Only 10 Ready-to-Move-in Luxury Villas Remain for Sale on the Water at Lakeside Villas at Providence Golf & Country Club

Only 10 Ready-to-Move-in Luxury Villas Remain for Sale on the Water at Lakeside Villas at Providence Golf & Country Club

ORLANDO, Fla. - Only 10 ready-to-move-in luxury villas remain for sale at Lakeside Villas at Providence Golf & Country Club, located off U.S. 17-92/441 in the Loughman-Davenport area of Polk County.

David Kohn, president of ABD Development Company, developer at Providence and one of the leading custom homebuilders in Central Florida, said all 10 luxury villas front on the water.

New three, four and five bedroom luxury villa homes at Lakeside Villas at Providence Golf & Country Club range in size from 2,250 square feet of living space to 3,000 square feet and are priced from the $200s.

For more information, contact
David Kohn, President, ABD Development Company, 407-370-6400

Sofi Coffey, Marketing Manager ABD Development Company, 407-370-6400

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

ICI Homes Decides To Sell Off Million Dollar Homes In Palencia Below Cost - All Offers Considered

ICI Homes Decides To Sell Off Million Dollar Homes In Palencia Below Cost - All Offers Considered

ST. AUGUSTINE, Fla. - Three completed luxury homes – each valued at a million dollars plus – in the exclusive Palencia golf and country club community located off Toricino Blvd. in St. Augustine have been drastically reduced for quick sale.

“We need to move the last of our ready-to-move-in homes so we can move forward with the next phase of development at Palencia,” said Don Wilford, president of the Jacksonville division of ICI Homes. “And we are willing to consider all offers.”

“With all the activity the Parade of Homes will bring to Palencia and our flexibility on sale price, we think these homes will be sold before the end of this month.”

The three two-story homes with four to six bedrooms, three-and-a-half to five bathrooms and three-car garages range in size from 3,800 square feet of living space to 4,500 square feet. All three homes front on the fourth hole of the golf course. They may be previewed at www.ICIHomes.com/belowcost.

“Since we put our below cost pricing into effect, we’ve seen more activity in a week than we’ve seen in a year and a half,” Wilford said. “Our decision to let these three homes go into the program was a tough one, but I guarantee three smart new homeowners will be getting a deal of a lifetime.”

For more information, please contact:

Don Wilford, Division President ICI Homes-Jacksonville 904-281-0800

Dan Block, Sales Associate, ICI Homes at Palencia 904-819-0167

Larry Vershel or Beth Payan, LV Communications, 407-644-4142

About ICI Homes:
ICI homes, ranks among the top 100 Builders by Builder magazine and is one of the largest privately owned homebuilder in the US. The 30-year-old firm builds new homes and resort facilities in the Volusia-Flagler region as well as Northeast Florida, Orlando and Tampa.