| October 24, 2007
Lake Oswego, Ore. – Local builder, Renaissance Homes has released sales data showing an increase in gross sales for the first three quarters of 2007 over the same period in 2006.
“This is a tremendous testament to the power of our local real estate market, and these positive sales figures reinforced that we are creating and building beautiful homes that are well accepted by the market,” said Randy Sebastian, President of Renaissance Homes. “The Northwest is a bright spot in our nation’s housing, and we had the best first quarter sales in the company’s 23 year history.”
Renaissance attributes the strong sales throughout this year to several new communities opening up for sales. New locations in West Linn, Forest Grove, Bend, as well as Vancouver, Washington have all been embraced by homebuyers. “At a time when people have more housing choices than ever, we continue to attract the attention of homebuyers with great locations, community amenities, quality green building practices and terrific design,” says Sebastian.
Renaissance Homes is also experiencing a low cancellation rate compared with national figures which has been in the news recently. Kim Whitman, VP of Sales and Marketing, adds “We have been proactive in our approach to the market with great pricing, incentives and programs to help buyers sell their existing homes.” The net sales dollar volume for the first three quarters is well over $111 million.
Encouraged by the strong sales, Renaissance Homes is proceeding with development of several new neighborhoods in Lake Oswego, the Willamette area of West Linn, on the river in Wilsonville and the Bethany area.
Renaissance Homes is locally owned and is a leader in green building practices. The company has 16 upscale neighborhoods throughout the Portland metropolitan area, Southwest Washington, and Bend, Oregon. Renaissance Homes, which range in price from the mid $300,000’s to well over $1,000,000, is well known for their numerous local and national awards.
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Renaissance Homes
16771 Boones Ferry Road
Lake Oswego, Oregon 97035
Voice: 503-636-5600
Fax: 503-635-8400
Emergency Service: 503-496-0711 or 866-567-6225
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