Monday, April 21, 2008

Orlando Luxury Market Still Growing

More anecdotal evidence of an uptick in new home sales, and not just at the lower price range where many builders are now focusing: Orlando-based ABD Development President David Kohn said today that he has sold 25 homes averaging more than $600,000 apiece so far this year.

ABD is developer of Providence Golf & Country Club in Polk County, one of four communities where the company posted the healthier home sales during the first quarter. Some of the sales were made in Providence in the Loughman-Davenport area, Windsor Landing in the Orlando area and Toscana in Palm Coast, and visits to sales centers there have surged since the first of the year.

Kohn said other home builders at Providence have been reporting a similar rise in sales center traffic and new home sales. In addition to ABD Development, Greater Construction, Toll Brothers, Lennar and Inland Homes build new homes at Providence. He said ABD also sold three luxury town homes at Lakeside Villas in Providence that totaled almost $1 million. Courtesy Orlando Sentinel 4/19/08.