The Real Deal Miami

Active adult market still strong

January 15, 2009 01:40PM

Privately held GL Homes topped Metrostudy’s most recent sales rankings in
South Florida with its Greystone project. Its Valencia Pointe
community west of Boynton Beach is mostly sold out. Jill DiDonna, a
division president at GL, said the 55-and-older active adult market
hasn’t been hit as hard as the broader market, which has allowed the
company to conduct business as usual. It closed a $117 million land
deal for a parcel west of Delray Beach last year. DiDonna said buyers
don’t want to wait out the downturn or buy bargain fixer-uppers.