Three hot-selling models and one complete product sellout within a year have markedly boosted sales for Palm Beach County, Fla.'s Puder-Siegel Homes. Tapping into the area's growing affluence, the company launched two move-up villages in Mizner's Preserve that offer one-story, four- to five-bedroom plans with garages for three cars. The builder netted $17.3 million in sales for the 1999 season and $16.9 million in sales for the winter through summer seasons of 2000.
"Buyers are attracted to the casual elegance of the classic Palm Beach architecture but also love the open space and volume," says Puder-Siegel president Jodi Puder. The Parc Chandon model features a gated courtyard entry with a dramatic atrium that precedes the foyer. En suite secondary bedrooms accommodate frequent guests and ensure privacy with attached baths and easy access to the garages. By June, Puder-Siegel had sold out its first modeled product line. Initially priced in the $290,000 range, the homes now sell from $446,000 to $590,000. Average sales per home for six consecutive months in 2000 were $519,000.
Good Times: South Florida's unrelenting prosperity has led to demand for Mizner's-inspired houses for move-up and secondary buyers. The homes have been sellouts in Puder-Siegel's Palm Beach County community.
Learn more about markets featured in this article: Orlando, FL.