There’s an unmistakeable positive trend for the residential real estate market in the northeast Florida golf community of World Golf Village (www.worldgolfrealestate.com). Strong increases in pending home sales continued throughout Spring, inventory is dropping and prices are slowly increasing. The improvements in real estate sales activity dovetails with an increase in new home construction by major national homebuilders. Says Sherry Davidson, President of World Golf Village-based Davidson Realty, “Pending sales are very encouraging. We wrote over 2,100 contracts in May which was a 36 percent gain over last May. Meanwhile inventory is down year-to-date over 30 percent.”
National homebuilder Standard Pacific Homes announced eight pre-sales for new homes in the GroveWood neighborhood of World Golf Village’s gated King & Bear community. Additionally, the company has three spec homes either completed or underway. The company is offering four floor plans, ranging from about 2,500 to 3,500 square feet. Pricing starts in the high $200,000’s, and an extensive list of upgrades comes standard with the new homes.
For regional homebuilder Inland Homes, two new spec homes in the King & Bear community are nearing completion and are expected to be move-in ready in August. Inland will soon break ground on another new home in the master-planned golf community. The Inland homes feature upgraded landscape packages and range in price from $275,000 to $440,000.
A few custom homes are also under construction in World Golf Village’s King & Bear. Both Dreamfinders and Advantage Home Builders currently have new homes underway in Waterbury, and Marcus Allen Homes is building a custom home in Windmill Estates.
About The Neighborhoods of World Golf Village
The Neighborhoods of World Golf Village is Northeast Florida’s first choice for gracious living. Conveniently situated between Jacksonville and St. Augustine, the master-planned community offers a variety of distinctive neighborhoods from gated, custom estate homes and resort condominiums, to stylish coach homes and affordable single-family homes priced from the $200,000s to $2 million. In addition to its world-renowned championship golf, the community is home to the acclaimed World Golf Hall of Fame and IMAX® Theater. Other top-shelf amenities include a year-round heated Junior Olympic-sized swimming pool, lighted tennis courts, playground, fitness center, and clubhouse. Dotted with parks and walking paths, the Neighborhoods of World Golf Village is popular with nature lovers. Restaurants, shops and daily necessities such as a Publix grocery store are conveniently located.