Stock Development Posts Strong Summer Sales
10/7/2010

Stock Development has released its summer sales report showing 47 new home sales at Lely Resort and Paseo for June through September 21.

According to Brian Stock, CEO of Stock Development, the company’s new home sales volume was $23.2 million from 36 sales at Lely Resort and 11 at Paseo.

“Our 2010 summer sales increased 10 percent over the same time in 2009,” said Stock. “Furthermore, our average sales price has increased nearly 25 percent from $397,000 to $494,000. For the year to date, 190 homes worth $72.6 million have sold.”

Stock said the surge in sales was continuing into the fall with numerous contracts pending at Paseo and Lely Resort. The company’s construction division, Stock Construction is also aggressively building.

“The strong sales have in turn led to a dramatic increase in construction,” said Stock. “We had already sold most of our inventory homes by the first of the year. As a result we currently have 174 new homes under construction at Paseo and Lely Resort. The vast majority of those are already sold. The market has recognized the extraordinary lifestyle and value we offer in our communities.”

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