Ave Maria earns top 50 in the Nation of Master Planned communities!

 

http://www.naplesnews.com/business/real-estate/ave-maria-earns-top-50-spot-on-national-ranking-of-master-planned-communities-292a5915-46d8-4439-e05-365042541.html?d=mobile

Yesterday Jan 12, 2016 4:32 p.m.

Sales are smoking at Ave Maria, making it the only community in Southwest Florida to land it a top 50 spot on a national list of best-selling master-planned communities.

Net sales in Ave Maria reached 283 in 2015, up 25 percent from 227 in 2014, according to the annual survey done by John Burns Real Estate Consulting based in Irvine, California.

That’s a bigger increase than the 14 percent rise in sales nationally among the top 50 communities. Overall, sales saw their highest increase in six years, the research and consulting company said.

The increase partly is due to the variety of amenities offered in master-planned communities compared to traditional subdivisions, according to Jody Kahn, senior vice president of John Burns.

While homeowner association fees generally are higher in master-planned communities, increasingly buyers are seeing them as a better value than traditional tract developments.

With shared amenities like fitness centers and community pools, “you can quit your gym membership,” she said.

 

Ave Maria was in the 40th spot on the list of 230 master-planned communities John Burns tracks nationwide. Last year, the 4,000-acre master-planned community was ranked 49th.

Ave Maria opened in 2007, just before the recession hit the region hard. But area housing prices have spiked sharply in the past few years, and Ave Maria has benefitted.

While it’s some 35 miles from downtown Naples in Eastern Collier County, single-family home prices start in the high $100,000s.

“Ave Maria has become the go-to new home community for those priced out of coastal Collier County,” said Cee Cee Marinelli, director of development for Ave Maria. “The homes in Ave Maria are of equal or higher quality compared to other communities and they are offered at substantially lower prices.”

Three builders, CC Homes, Del Webb and Pulte Homes are building in Ave Maria, where buyers can tour 20 model homes.

Nearly half of the 680 homes that have been sold since 2013 were sold in the past year.

Marinelli believes the momentum can be sustained because of the way the town has been developed, with numerous amenities, including a water park, fitness center and several parks, in a family-friendly environment.

About June Fletcher

June Fletcher is a business reporter and editor with a focus on the economy, finance, banking, wealth management and residential real estate. She produces the Minding Your Money web video series that appears in the Business section. Her Executive Suite column, which profiles business leaders in the community, appears Mondays.

Reposted from Naples Daily News website

http://www.naplesnews.com/business/real-estate/ave-maria-earns-top-50-spot-on-national-ranking-of-master-planned-communities-292a5915-46d8-4439-e05-365042541.html?d=mobile

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