SOURCE: Johnson Development Corp

June 24, 2008 15:31 ET

Riverstone Tops Last Year's Sales Figures by More Than 10 Percent

SUGAR LAND, TX--(Marketwire - June 24, 2008) - Riverstone home buyers may not have heard there's a nationwide housing crunch. They are flocking to the community, where Fort Bend County new home sales are more than 10 percent higher than they were last year at this time.

"Our sales this year have been phenomenal so far. Buyers appreciate our home values, lush amenities and accessible location," said Tom Wilcox, Riverstone's general manager. "With such strong numbers in the first half of the year, we anticipate healthy summer sales, as well."

Riverstone offers a premier selection of homesites and a host of move-in ready homes. These Houston luxury homes range from the $200,000s to the millions.

Prospective home buyers can learn more about Riverstone homes by touring model homes featured by Houston home builders Ashton Woods, Coventry, David Weekley, Trendmaker, Perry, Newmark, Highland and Wilshire Homes.

Darling Homes has a luxury patio home model in Meridian Park, where the builder offers Tuscan-themed patio designs ranging from 2,500 to 4,000 square feet and priced from the $450,000s.

Buyers also can visit The Manors in Riverstone, a gated neighborhood of townhomes and garden homes built by Westport. Prices start in the $230,000s.

Riverstone has several custom neighborhoods showcasing designs by Houston custom home builders Bayou Bend Homes, Sterling Classic, Westport, Christopher Sims and Peterson Homebuilders.

Riverstone is conveniently located at Highway 6, three miles south of U.S. 59, and offers easy access to several major thoroughfares, including the Fort Bend Parkway. Just minutes away are abundant dining and shopping choices, including First Colony's booming Town Center. Plus, Riverstone students attend some of the most highly rated schools within the acclaimed Fort Bend Independent School District, including Austin Parkway Elementary, Settlers Way Elementary, Commonwealth Elementary, First Colony Middle School, Fort Settlement Middle School, Clements High School and Elkins High School.

Residents enjoy a wealth of amenities, including a lush swimming complex contoured with rock waterfalls and panoramic lake views, as well as playgrounds, lighted tennis courts, a fishing pier, and pedestrian walkways and trails. A 3.5-acre dog park will open this spring and a second recreation center is planned to complement the existing resort-style complex. A highlight of the community is the 110-acre Lake Riverstone. In all, Riverstone's master plan includes 250 acres of lakes and more than 500 acres of open space and parklands. To learn more about the luxury waterside community, visit the award-winning Riverstone Information Center on Highway 6. Or view more information on schools, amenities and inventory at www.Riverstone.com.

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Riverstone has enjoyed strong sales this year, with the number of homes sold more than 10 percent higher this year than in 2007. A wide selection of homesites and completed homes are available in several neighborhoods. Prospective buyers can visit an array of model homes to learn about the community, which offers custom designs, production homes, patio homes and townhomes. Prices range from the $200,000s to more than $3 million.

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