SOURCE: WCI Communities

WCI Communities

February 04, 2013 15:55 ET

WCI Communities Posts 461 New Home Sales in 2012 for $185.9 Million

BONITA SPRINGS, FL--(Marketwire - Feb 4, 2013) -  WCI Communities reported sales of 461 new homes totaling $185.9 million in Florida last year -- representing a 73 percent increase over 2011. The Florida-based company also reported 360 home closings in 2012, generating $141.1 million in revenue, representing a 229 percent year-over-year increase.

WCI President and CEO Keith Bass said the significant increases signify the return of new-home buyers to the state's once-soft real estate market.

"New home sales are on the rebound nationally, and Florida is leading the way," Bass said. "Our robust sales activity in varied markets throughout the state is indicative of two compelling facts -- Florida remains one of the most desired destinations for new-home buyers, and WCI offers lifestyle communities and homes that appeal to those buyers."

The company's 2012 sales activity occurred in nine communities: Tiburón and Manchester Square in Naples; The Colony Golf & Bay Club in Bonita Springs; Pelican Preserve and Hampton Park in Fort Myers; Venetian Golf & River Club in Venice; Tidewater Preserve in Bradenton; Westshore Yacht Club in Tampa, and Heron Bay in Parkland. Two of the communities -- Hampton Park and The Colony -- were introduced for sales late in 2012.

WCI's award-winning communities offer a variety of homes -- from attached villas and traditional single-family homes to luxury condominiums and estate homes -- so homebuyers can find a home and location to fit their lifestyle.

WCI Communities creates master-planned lifestyle communities, catering to move-up, active adult and second-home buyers. Dedicated to delivering home designs and floor plans that lead the market, WCI offers traditional single and multi-family home choices with prices from the mid-$100,000s to more than $1 million. In addition to homebuilding and development, WCI generates revenues from its Prudential Florida Realty business, the second largest residential realty company in Florida, as well as insurance and title services. For more information, visit www.WCICommunities.com.

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