Avatar’s Central Florida Division posts 867 mid-year sales
August 08, 2005
Despite 24 days of rain in June and one of the wettest spring seasons on record, the Central Florida Division of Avatar Properties Inc. still managed to post 313 new home sales for $97 million during the second quarter, boosting mid-year sales to 867 for $241.1 million.
The Division's communities of Poinciana, Solivita and Bellalago collectively averaged 144.5 sales per month and 4.8 sales per day for the first six months.
Avatar's award-winning active adult community of Solivita, located on the Polk County side of Poinciana, led the way at the mid-year mark with 504 sales for $137.8 million, an average of $273,413 per transaction. Avatar’s primary housing in Poinciana, a 47,000-acre master-planned community in northwest Osceola and northeast Polk counties, accounted for 292 sales for $66.6 million, an average of $228,082 per transaction.
Bellalago, Avatar's upscale gated community alongside Lake Tohopekaliga and the 2004 Excel Award winner as the Best Master-Planned Community in Florida, totaled 71 mid-year sales for $36.7 million, an average of $516,901 per sale.
Avatar currently is building single-family homes at several locations in and adjacent to Poinciana. Avatar's primary homes in Poinciana are currently priced from the $180s to $250s, while homes in Solivita are presently priced from the mid-$100s to $400s. Homes at Bellalago are currently priced from the mid-$300s to $500s.
For more information on the Central Florida Division of Avatar Properties Inc. contact Bill Cowart, division president-homebuilding operations, at (800) 755-0545 or (407) 933-5000.
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