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Model homes bring in 18 more sales at The Bridges

Monday, May 21, 2012
Sun-Sentinel
By Paul Owers
May 21, 2012 10:20 AM

GL Homes wrote 18 more sales contracts this past weekend at The Bridges after unveiling nine model homes in the high-end development near Delray Beach.

The average sales price was $800,000, so that’s more than $14 million in revenue if all 18 of the prospective buyers close. More than 5,000 people visited the development over the past two days.

GL now has contracts for 121 homes (worth almost $100 million) at The Bridges since the 622-home development opened in February. The first buyers will move in by late summer.

Amenities include impact glass, a poolside bistro, indoor sports complex, tennis complex with pro shop and a children's and teen activity center.

Home builders say the housing market is improving after a long downturn. A national index of builder confidence released this month rose to a five-year high.

“Interest is definitely coming back,” said Marcie DePlaza, division president for GL. “We feel really good about where the market is right now.”