Sarasota, Fla. (Nov. 29, 2012) – Realtors in the Sarasota area received updated data and projections about the housing industry in Southwest Florida at a Realtor Market Update at The Founders Club, hosted by London Bay Homes. The event drew nearly 80 participants.
Club Manager, Hugh O’Donnell, opened the presentation with an update about The Founders Club’s membership success and increase of activities. Memberships at The Founders Golf Club reached a record total of 226 members recently, representing a 15 percent increase in the number of members in the past year.
Michael J. Timmerman, CRE, SRA, market analyst with Fishkind & Associates, reviewed current conditions related to the increasing economic recovery as well as population, employment and real estate growth in 2012, concluding that he expects gradual improvement in the housing market in 2013. He added that home pricing is expected to realize a steady increase as existing inventory continues to drop and interest rates remain extraordinarily low.
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Mark Wilson, president and CEO of Naples-based London Bay Homes, closed the presentation with an update on the company’s strong sales activity in Southwest Florida, including Sarasota and Naples. Wilson reported that an increase in construction material costs is an indicator that new-home construction is ramping up across the country, existing home inventory is dwindling and buyers can build comparably priced new homes that cater to their lifestyle. In The Founders Club, where London Bay Homes manages sales and marketing for the premier golf and country club community, Wilson added that four new models plus six new client builds are under way and more than 90 debt-free homesites are available.
A traditional private golf and social club community, The Founders Club is located within 700 acres featuring intimate neighborhoods with homes nestled along lakes, fairways and nature preserves. It is located at 3001 Founders Club Drive, three miles east of I-75 on Fruitville Road, exit 210. For more information about The Founders Club, call 941-378-0900 or visit www.thefoundersclub.com.
London Bay Homes, named America’s Best Builder by Builder magazine in 2008, is celebrating 21 years as a luxury homebuilder in Southwest Florida. For more information, visit www.LondonBay.com or call the sales center at 941-378-0900.
