Raleigh’s Top Selling Communities Drive Wakefield Development Company’s First Half of the Year Sales

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Bedford at Falls River and Wakefield Plantation continue to boost Wakefield Development's home sales, contributing to more than half of the company’s sales in the first half of 2006.

As talks of a housing market slow-down continue to swirl in the nation’s top markets, Raleigh’s premier residential developer remains unfazed, thanks in part to Wake County’s two top selling communities in 2005. With the number of high-end homes selling at Wakefield Plantation and Bedford at Falls River this year, the company’s sales volume has increased significantly in a matter of months.

Wakefield Development Company’s first half of the year sales resulted in a sales volume of $88.1 million thanks to Bedford at Falls River, which sold 138 homes for nearly $52 million, and Wakefield Plantation, with 119 homes sold for over $46 million.

Mackintosh on the Lake in Burlington continued its success with the help of three Parade of Home Awards and the introduction of several new phases. Mackintosh sold 52 homes for nearly $11.5 million in the first half of the year.

Eagle Ridge, Wakefield’s golf course community in Garner, sold 53 homes for $13.1 million; Edgewater in eastern Wake County sold 35 homes for $6.4 million.

“We’re all eagerly anticipating the opening of our Renaissance Park and 12 Oaks communities,” said John Myers, president of Wakefield Development Company. “These developments will expand our market presence in the Triangle, and support our growth as Bedford and Wakefield Plantation close in on their final year or two of sales.”

Renaissance Park in south Raleigh and 12 Oaks in Holly Springs are on schedule to begin sales by the end of the year. For more information on any of Wakefield Development Company’s communities, call 919-556-4310, visit http://www.Wakedev.com.

About Wakefield Development Company

Wakefield Development Company is the Triangle's largest developer of residential communities, with a portfolio that includes more than 14,000 home sites throughout North Carolina. In addition to the 2004 and 2006 NCHBA Community of the Year, Bedford at Falls River, the company has six other communities under development across the Raleigh-Wake County market, including Wakefield Plantation, Eagle Ridge, Edgewater and Twin Lakes. Wakefield is developing Mackintosh on the Lake in Burlington, and has begun construction on two new Triangle area communities, Renaissance Park and 12 Oaks. They also have begun work on two new Coastal Carolina communities, Kingfish Bay and San Rio Ocean and River Club. For more information, call (919) 556-4310, visit http://www.Wakedev.com.

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Stephanie Batson--Littleton Advertising
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