Home sales in Boynton Beach’s western suburbs have been driving its
emergence from the downturn, with homes built by GL Homes leading the
charge. The Sunrise-based builder has been bolstering the residential market in Broward and Palm Beach counties, even topping Miami-based Lennar. Four of the top five residential sales in Boynton Beach last quarter
were GL Homes properties, according to data from Condo Vultures. (To
see a list of the five top Boynton sales, click here.) “A lot of the good, stable properties are starting to rebound,” said realtor David Podgursky of Boca Executive Realty.
[more]

10747 Pine Tree Terrace was Boynton Beach’s top sale for Q1

Boynton’s top five residential sales for the first quarter were led by the sale of the 4,753-square-foot property at 10747 Pine Tree Terrace for $1.2 million, or $262.41 per square foot, according to MLS data compiled by Condo Vultures (see the top five sales after the jump). The property is located at the Pine Tree Golf Club. Four of the top five homes on the list were in GL Homes communities, with the two properties each selling for more than $900,000 — 9669 Equus Circle, within the Equus development, sold for $975,000, and 9801 Equus Circle sold for $935,0000. [more]

Sunrise-based GL Homes has closed sales of 416 homes in Palm Beach and Broward counties in the past year, more than twice that of Miami-based home builder Lennar, which had 200 in the same period, according to research company Metrostudy. GL has signed contracts with 172 buyers for more than $70 million at Valencia Reserve to the west of Boynton Beach near Florida’s Turnpike. GL increased prices at Valencia Reserve, with homes starting at $266,900. GL has no new projects in Broward, though it is working on several communities in Palm Beach County, including Canyon Springs and Equus, all, like Valencia Reserve, west of Boynton Beach. [Sun Sentinel]

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