A Banner Year for This Builder: Stanley Martin Homes' Sales Hit 20 Year High
RESTON, Va., Dec. 4, 2012 /PRNewswire/ -- Stanley Martin Homes kicked off 2012 with the highest January/February sales the Reston-based homebuilder had seen in over two decades - and the sales never stopped. As of November 30, 2012, Stanley Martin sold 437 homes, a 32% increase over its 2011 performance for that same period of time. Said differently, Stanley Martin sold 105 more homes year-to-date than they did in the same eleven months of 2011, the housing boom years, or any year for that matter, in over 20 years.
When asked the cause of the tremendous sales success, Steve Alloy, Stanley Martin President, stated, "I think it can be attributed primarily to two things. First, Stanley Martin is offering the home designs that people want in the locations close to where they work. Our homes have great curb appeal on the outside and they include smart, functional spaces on the inside. Additionally, consumers want to buy close to where they work so they can spend less time commuting and more time living. Second, the housing market rebound is well underway. The DC area fared the downturn relatively well when compared to other housing submarkets. While the rest of the nation is only recently entering the recovery phase, the DC market is deep into the recovery and the market is quite strong. Prices are rising, and with the record low mortgage rates, consumers feel secure in their decision to buy."
Stanley Martin Homes heads optimistically into the new year with expectations for increased sales and even further expansion in 2013.
SOURCE Stanley Martin Homes