Ryan Homes was the top builder in Hampton Roads according to the report presented at the 2012 Hampton Roads Real Estate Market Review and Forecast, which was held at the Ted Constant Convocation Center in Norfolk last Wednesday.
The event is sponsored by Old Dominion University’s E.V. Williams Center for Real Estate and Economic Development. Representatives from each segment of the market provides a review of the past year and delivers a prognosis for the upcoming year.
HAMPTON ROADS 2011 TOP BUILDERS
Ryan Homes lead the Hampton Roads and Williamsburg region in new home sales with over $55 million in revenue.
Ryan is is actively building in 11 new communities in Williamsburg/ James City County and on the Peninsula including eight detached and three townhome communities. They were issued a total of 205 building permits in 2011 .Their top detached subdivision for building permits was Turtle Creek in Newport News with 36 permits, and the top neighborhood for closings was Fenwick Hills in James City County with 31 sales. Greensprings West also in Williamsburg/James City County was their top community for revenue with $10 million + in sales. Stonehouse Glen had 28 closings for almost $8 million in new homes sales. Other communities t Ryan Homes builds in include Burlington Woods, The Settlement at Powhatan Creek (active adult community), Riverwalk Townhomes in Yorktown, Wellington , White Hall , Sunset Meadows , Oakmont Villas and Patriots Landing . They are soon to announce a new community on the southside of Hampton Roads in Chesapeake Va
Top New Home Neighborhoods in Hampton Roads and Williamsburg VA for 2011
HHHunt Homes was the No 2 builder for permits with 151 issued during 2011. HHHunt was active in seven communities on the Peninsula during the year including five detached and two attached. Most of the permits were issued to Hampshire Glen in Hampton and Meridian Parkside in Newport News with 57 permits each. The Dragas Companies was the No 3 builder for permits with 134 issued across four communities in Chesapeake including Brighton Park, Kings Pointe, Oakbrooke Crossing and their latest community, The Grove at the Arboretum.
Dragas was the No 2 builder for number of closings with 155 recorded during 2011. Southmoor in Virginia Beach had the most closings at 46. HHHunt Homes was the No 3 builder for number of closings recorded with 106. Hampshire Glen in Hampton had the most with 46.
HAMPTON ROADS 2011 TOP SUBDIVISIONS
For 2011, the top two subdivisions for new construction were both attached homes (townhomes/ condos). The No 1 subdivision was Kings Pointe at Western Branch in Chesapeake with 70 permits.# 2 was Windy Knolls in Newport News with 63 permits The top single family detached subdivision for permits was Hampshire Glen in Hampton. Of the 60 permits issued, 57 were to HHHunt Homes
The top subdivision for closings and revenue for 2011 in Hampton Roads and Williamsburg was Colonial Heritage in James City County by The Lennar Corporation. Of the 63 closings recorded, 44 were detached and 19 were duplexes with average closing prices of $353,564 and $258,368.
Hampshire Glen was No 2 for closings with 54 , divided between HHHunt Homes (46), Sadler Building Corp (5) and Stylecraft Homes (3). Southmoor at Ridgely Manor in Virginia Beach was No 3 with 46 closings at an average price of $163,809.
Sherwood Lakes in Virginia Beach was the # 2 community for revenue in Hampton Roads with $17,916,153 in sales revenue Heritage Park in Virginia Beach was the # 3 community for revenue with 29 closings totaling $17,690,898.
Top Builders in Sales in Hampton Roads and Williamsburg VA region.
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This post was authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of the Williamsburg/ Hampton Roads area and and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. Here you can search homes for sale , active adult communities, 55+ communities, condos and townhomes , foreclosures/ REO, land, building lots, commercial property in Williamsburg , Yorktown, New Kent, Gloucester, Poquoson as well as the surrounding areas of Hampton Roads, Virginia I look forward to serving your real estate needs! Best, John |
psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg areas of Virginia or to sell your existing home.Filed under: hampton roads, New Communities Hampton Roads, New Homes Williamsburg Virginia, williamsburg va |
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