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Valencia Cove sells 73 homes in 2 hours in Grand Opening.

Thursday, April 25, 2013
Kim Miller of the Palm Beach Post
The Carlyle at Valencia CoveWhen the dust settled, a total of 74 homes were sold on April 20-21 for a total of about $35 million. Marcie DePlaza, division president for GL Homes, said she hadn’t expected so many eager buyers, some of whom were waiting in line when the sales office opened.

“This is our eighth Valencia community in Palm Beach County and there is tremendous pent up demand for lots, especially select lots,” DePlaza said. “We had more than 2,300 people on our waiting list to get more information about Valencia Cove.” The 55-plus development located on Lyons Road between Boynton Beach Boulevard and Atlantic Avenue features a 39,000-square-foot clubhouse on more than 10 acres of recreation space. The 823 homes in the community are priced from nearly $400,000 to about $650,000. DePlaza said construction will begin in the fall with the first homeowners moving in during the summer of 2014.
And Valencia Cove isn’t the only GL Homes community with a fan base.The Bridges in Delray Beach opened new lots this week and had people camping out to get the best spaces. The average home in The Brides cost $850,000.DePlaza said she took pizza to those camping out at The Bridges’ sales center. “Their feeling was they had been waiting years for the right home, and people will wait in line for concert tickets, so why not camp out for the buyers on line at Valencia Covebiggest purchase you’ll make in your life,” DePlaza said. Many buyers, especially for the 55-plus communities, are baby-boomers from the Northeast readying for retirement. “People have finally realized that there really is no inventory out there and the interest rates aren’t getting any better than they are now,” DePlaza said.