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New home construction topped 750 residences in the West Villages in the second quarter, outpacing both Lakewood Ranch and Palmer Ranch, according to recently released statistics.
West Villages, which comprises four communities totaling 10,000 acres in south Sarasota County, had 765 new home starts in the quarter ended June 30, while master planned Lakewood Ranch had 611 and Palmer Ranch, south of Sarasota, had 261, according to figures from real estate research firm MetroStudy.
“Growing retiree demand, solid job growth, and low interest rates all fueled an impressive quarter for housing activity in Sarasota/Bradenton,” a recent MetroStudy report notes. “In fact, the quarterly starts pace of 1,492 units was the best single quarter for starts since 3Q of 2006.”
West Villages is comprised of the Sarasota National, IslandWalk at West Villages, Gran Paradiso at West Villages and Grand Palm communities. It's located between the cities of Venice and North Port.
The project is being developed jointly by Mattamy Homes, one of Canada's largest and most successful homebuilders, and Vanguard Land Co., which is also spearheading the development of the Concession luxury home community in south Manatee County.
“This is a place people want to live and grow their businesses,” says West Villages General Manager Marty Black in a statement. “We believe demand will continue to grow.”
He adds the West Villages Office Park is nearly fully leased.
Residential sales within each of the four communities have been especially brisk this summer, as well.
DiVosta Homes at Island Walk, for instance, sold 50 homes in July and August, says George Zalucki, general sales manager for Southwest Florida for Pulte Group, which owns DiVosta.
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