Rob Thomson, Waterfront Properties’ managing partner, has seen demand increase for upscale properties in the area as it attracts more – and wealthier – residents.
Jupiter, Fla. (PRWEB) August 30, 2012
Toll Brothers gave the U.S. housing market a boost – and a sign of good things to come at Waterfront Properties and Club Communities – when it reported an increase in both profits and new business.
The leading luxury homebuilder said its most recent quarterly gain totaled $61.6 million, up 46 percent from the same period in 2011. In addition, shares of the publicly traded entity shot up an approximate 4 percent.
Douglas Yearley, Toll Brothers’ chief executive officer, said the numbers show the strongest demand for high-end homes in the nation in at least five years.
South Florida abounds with high-end homes, and northern Palm Beach County in particular is rich with gorgeous riverfront property in Tequesta on the Loxahatchee, and exquisite BallenIsles homes for sale on the golf course. Still, the market craves more.
Rob Thomson, Waterfront Properties’ managing partner, has seen demand increase for upscale properties in the area as it attracts more – and wealthier – residents. Thomson also has seen sales surge at his boutique brokerage. In 2011, he recorded in excess of $112 million in real-estate transactions.
The National Association of Realtors reported homebuyers pushed up sales of existing homes 2.3 percent in July, that latest month for which figures are available. The numbers are impressive: 4.47 million properties, an increase from June’s 4.37 million.
Record-low interest rates are buoying the homebuying trend, and industry analysts say the ability of consumers to finance a mortgage is unleashing built-up demand. Analysts also say the NAR’s figures are one of the strongest signs yet the housing recovery is gaining traction.
Waterfront Properties persevered through the financial crisis of 2008 and did not let the decline in housing market impact its mission of providing concierge service to its clients. The family-owned and operated company has been in business for more than 30 years and has earned high marks for customer service and successful sales.
For information, call 561-746-7272.