Vineyards Guarantees Today’s Price of New Homes NAPLES, Fla. (March 28, 2008) – Confident that the residential real estate market has reached bottom, Vineyards, a 1,375-acre gated community in Naples, is offering a price guarantee for all inventory homes purchased now through May 31, 2008. “We guarantee that the price a customer pays for a new developer-owned inventory home will be the lowest price paid now and into the future, or we will write them a check for the difference,” said Jim Schuetz, vice president of marketing and sales. “We are convinced that today offers the best prices and the best opportunity for purchasers in the Naples market. If they wait until next season, buyers will be paying higher prices for their homes.” The available homes include mid-rise condominiums from the high $500,000s, coach homes from the $600,000s, single-family villas from the $700,000s and single-family homes from the $900,000s. Luxury estate home prices begin at $1.2 million, and custom estate homes start at $2.32 million. In making the price guarantee, Schuetz points to several factors that would indicate the bottom of the market, including a 10 percent increase in pending home sales in February 2008 over February 2007, historically low interest rates, indications by some builders that they are raising prices in April, and the recent increase in national existing home sales. Vineyards is an award-winning 1,375-acre gated residential community consisting of two 18-hole golf courses, 12 Har-Tru tennis courts, a 70,000-square-foot clubhouse, and single-family and multifamily homes priced from the high $500,000s to over $4 million. The Vineyards Corporate Center, which houses its sales offices, is located at 75 Vineyards Blvd., east of I-75 off Pine Ridge Road. For more information, please call (239) 353-1920 or (800) 749-1501, or visit www.VineyardsNaples.com. Full golf memberships to Vineyards Country Club are now available for a limited time. For more information on membership opportunities, call (239) 353-1500. |