Lakes of Bella Terra Capitalizes on Strong Houston Economy and is One of Few Master Planned Communities Seeing Their Homes Appreciate

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Executive says value, location, strong start for 2012 and rising property values attribute to community’s success.

“This just proves that homebuyers are discovering the real value of buying and owning a home in our community,” said Lisa Clark, vice president of Ryko Development. “Buying a home here is an investment in one's future."

While other communities near the energy corridor may have been hit hard by the housing crunch, the resort-style community of Lakes of Bella Terra thrives in a lakeside setting in the fast-growing Ft. Bend County. In a recent Houston Chronicle published report, Lakes of Bella Terra showed an average of 3% home appreciation from 2010 to 2011 with the price per average square foot of each home rising from $77.07 to $79.10. The report also states that 88% of the sales in the community were new homes.

“This just proves that homebuyers are discovering the real value of buying and owning a home in our community,” said Lisa Clark, vice president of Ryko Development. “What they’re finding is that our homes are priced at an incredible value and appreciating over time.”

Clark points out that homes in Lakes of Bella Terra are found to cost 7% -15% less than surrounding communities. Clark attributes this to a boost in sales for the first quarter of 2012, with Lakes of Bella Terra seeing a 125% increase over 2011’s first quarter numbers.

Location is also part of the community’s success, says Clark. “We’re located in Ft. Bend County,” said Clark. “It’s the fastest growing county of the ten largest in Texas. Energy, development and education are booming businesses here attracting several Fortune 500 companies. Buying a home here is an investment in one’s future.”

While Lakes of Bella Terra saw their homes appreciate, according to the report their competitors are seeing either flat appreciation or depreciation, despite the strong Houston economy. The study also points out that a high number of foreclosures contribute to the depreciation.

Community:            median price/ per sq ft,     2011% change ’10-‘11
Lakes of Bella Terra,            $79.10,                +3%
Westheimer Lakes- North,     $74.60,                -5%    
Aliana,                    $86.59,                -5%
Fulshear Creek Crossing    ,    $105.00,                -5%
Seven Meadows,            $96.77,                -2%        
Long Meadows Farms,        $82.60,                -1%        

Lakes of Bella Terra has been voted “Best New Community in Ft. Bend” twice consecutively. Homeowners enjoy a small-town serenity they say they can’t find at other real estate developments in the Richmond area, as well as luxurious custom homes built by Houston's leading builders.

In addition to the community's current amenities such as a Junior Olympic pool, splash pad, volleyball and tennis courts, state-of-the-art workout facility, expansive green space, community-wide events and convenient local shopping, residents now have a new dog park, soccer fields and expanded lakes and walking trails. Construction is underway for even more trails and a catch and release fishing pond.

Lakes of Bella Terra boasts various floorplans including estate homes from the $160s - $600s and custom homes from the $600s to $1 million+. View available homes, schedule a tour, and watch testimonials from real homeowners, by visiting their website at http://www.LakesofBellaTerra.com. Contact a sales representative at 281-342-9920, or visit the community at 11620 W. Torino Reale Drive, Richmond, Texas, 77406.

Getting to the community is easier than ever with a new entrance directly off the Westpark Tollway/ FM 1093. Lakes of Bella Terra invites prospects to come out and see what "Everyday Living" at their "A+" community is all about.

Our Premier New Home Builders include: Brighton Homes, DR Horton, Gallery Custom Homes, Grand View Builders and Homes by David Powers, and our Custom Home Builders include: Ronny Carroll Custom Homes, GPS Custom Homes and Frontier Builders.

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Scott Steiner
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