“Lottery” Sales Back at Florida New Home Communities

GL Homes holds “lottery” for their latest Valencia series development


The south Florida real estate market is sizzling. As we reported a few days ago in this column sales during the month of March were off the wall with inventories continuing to shrink. Buyers are scrambling to get their offers in on well priced new listings and now this….

Many remember back between 2002 and 2005 when developers like Bobby Ginn rolled out the red carpet with big name entertainers to kick off their latest developements. Buyers counting on double digit gains by buying at pre-construction lined up and the rights to buy were handled via lottery systems. Well those days are back and a bit surprising.

Surprising as the latest craze happened at a 55+ community with prices starting about $400,000 in Boynton Beach at GL Homes newest community, Valencia Cove. Reports are that 72 homes were sold during a two hour period which is stunning.

In the coming days we will be publshing our latest look into absorption levels in the area which will again point to amazing strength and bredth of the market.

Fins up until then…..


Published by

Tom Priester

After spending years among the top individual performers at one of Palm Beach County’s largest and most successful real estate brokerages, Tom Priester knew there was another way to do real estate. A better way. Real estate services focused on the customer. Like the old days when the customer truly was #1. He tired of listening to why he should be going out to have his customers sign one sided buyers’ brokerage agreements. He tired of hearing how he should be selling customers why paying higher commissions, like 7% and 8%, was to their benefit. He tired of hearing how he should sell his clients on why they should be paying hundreds of dollars in additional “transaction fees”. The business had slid way too far from being focused on the customer. His customer. So he decided the time was right to be different…..by design. To start his own unique boutique real estate firm truly focused on his customers. They will now have access to a process focused on them. Only the best marketing techniques to sell their homes. No cutting corners. Commission structures based on his clients needs not his. Paradise Sharks was born out of Tom’s passion to return this business to the customer. Where it belongs. If you want a real estate experience that benefits you, just give Tom a call at 561 308-0175 or send him an e-mail at tom@paradisesharks.com. You can always pay more and receive less but that just would not make any sense. Would it?

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