Sarasota Real Estate Developer’s Confidence Mounting

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Solid indications of rising confidence among real estate developers and builders are helping nurture the budding recovery of the property market in Southwest Florida, a trend likewise heralded by national statistics reports Sarasota Bay Real Estate.

Solid indications of rising confidence among real estate developers and builders are helping nurture the budding recovery of the property market in Southwest Florida, a trend likewise heralded by national statistics reports Sarasota Bay Real Estate. For the whole of 2012, analysts estimate that U.S. housing starts will achieve a gain of 20%. For the fourth consecutive month this July, builder confidence manifested in new construction projects which rose 21.5% from the year-ago level. Building permits on the national level were likewise higher by 30% during the month on a year-on-year comparison with the July 2011 statistics.

Echoing this nationwide trend, Grand Palm, a major real estate project whose magnitude hasn’t been seen in a long while in the Venice-Sarasota area was launched by Neal Communities. The company opened this September sales for the first phase of this development which is just off River Road in Venice. The entire project is programmed for a total of 1,999 homes, and its initial phase consists of 266 homes. The prices for these new Venice Florida homes for sale start at the $100s.

A master-planned community, Grand Palm is the biggest development that Neal Communities has undertaken in its forty-year history. It surpasses the scale of the University Parkway, which the company developed in south Manatee County as a golf community with 1,200 residences.

Grand Palm’s first phase is starting out with choices on six home models. Another four is expected to be added by early October. Prospective buyers will have a total of five product lines to choose from. These options include a wide variety of floor plans that range in size from 1,079 sq. ft to 2,535 sq. ft.

This new community east of downtown Venice has twenty-five parks in its blueprint. Its largest is the ten-acre Exploration Park around which neighborhoods will be built. Ten neighborhood centers, all pedestrian-and bike-friendly, will also be constructed. A thirty-two-acre Adventure Lake is set for completion by end-2013, featuring Lookout Point Island, an eight-acre park with mainland access.

The primary hub for Grand Palm’s amenities is expected to be completed in early 2013. This area will include a recreation center, a resort-style swimming pool with a slide, a fitness-oriented pool, a splash park, a basketball court, a bocce ball court, two tennis courts, a playground, a beach volleyball ground, and two dog parks. The community will likewise feature nine miles of trails, plus nearly twenty-eight miles of bike and pedestrian trails that will link the neighborhoods to each other. Outdoor activities within the community will likewise be enhanced by an additional nine miles of wildlife corridors connecting Grand Palm with the Jelks Preserve at the eastern border of the community and adjacent to the scenic Myakka River.

The launching of Grand Palms comes on the heels of Neal Communities achieving very favorable sales this August. For the month, the company sold fifty-five new homes, an increase of 305% from the same period in 2011. This spike in sales was attributed to historically low interest rates and the relatively low inventory of available homes, factors that indeed augur well for builder confidence and new developments like the Grand Palms project.

About Sarasota Bay Real Estate

Sarasota Bay Real Estate is a full service real estate brokerage in Sarasota Florida owned by Sarasota real estate broker, Christina Miller, and marketing professional, Roy Hunter. Together they, and their team of well-experienced agents, provide some of the highest quality real estate marketing services for the properties in the company’s inventory. When property marketing strategies are paramount in sellers listing requirements, Sarasota Bay Real Estate is the clear choice in the Sarasota real estate market.

Contact information for Sarasota Bay Real Estate can be found at http://sarasotabayrealestate.com

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