The company celebrates strong sales activity and five community close-outs in the month of May
LAKEWOOD RANCH, Fla. (June 3, 2020) – Neal Communities, Southwest Florida’s premier, private homebuilder, announced 107 home sales in the month of May, a strong increase from March and April which saw buyer caution due to COVID-19. May sales were up 47% over May 2019.
The homebuilder also celebrated five community sales close-outs throughout the month, including Tides End, The Ridge at Crossing Creek, Coconut Cove, Watermark and Cypress Walk.
As economic uncertainty developed, the housing market dipped in March and April only to see a swift recovery in May back to pre-virus numbers.
The strong uptick in sales not only applies to Neal Communities’ entire market region, stretching from Manatee to Collier County, but to the company’s luxury home division, Neal Signature Homes, which also beat forecasted sales goals.
“No matter the economic conditions, people still want and need housing,” said Pat Neal, Founder and Chairman of Neal Communities. “Combined with this need, we are also finding that our adaptability to using virtual methods to sell homes is working.”
The homebuilder transitioned to virtual homebuying methods at the end of March to safely continue the buying process. All aspects of the buying journey from initial research, to home design, to signing the final closing paperwork is all conducted remotely, a process which many consumers have grown to embrace.
In addition to the strong sales increase, Neal Communities also reports an increase in call volume and website activity, suggesting additional homebuyers will continue to move through the buying process in the coming weeks.
“As the state begins to open back up, we’re extremely encouraged by this increased activity, suggesting that many consumers are regaining economic confidence,” said Neal.
For more information or to explore Neal Communities offerings, visit www.NealCommunities.com.
About Neal Communities
Neal Communities, based in Lakewood Ranch, Florida, is Southwest Florida’s largest and most established locally owned and operated private builder. During the company’s 50-year history, it has built over 15,000 new homes in more than 90 acclaimed communities from Tampa to Naples. The company consistently ranks among the nation’s top 100 home builders and has earned numerous awards including the prestigious Builder of the Year from Professional Builder in 2015 and America’s Best Builder in 2012 from BUILDER Magazine. With a core belief that “Where You Live Matters,” Neal Communities has given more than $7 million to local charities throughout Southwest Florida and is committed to the communities where they live, work and build. Company sales in fiscal year 2019 were $410 million.
Additional Neal Communities brands include Neal Signature Homes, Neal Land & Neighborhoods, Charlene Neal PureStyle, Waterscapes Pools & Spas, Neal Communities Funding and Allegiant Title Professionals. For more information, please visit www.NealCommunities.com.