Toll Brothers, builders of Jupiter Country Club, Frenchman's Reserve and the new Frenchman's Harbor in Juno Beach reported it's fiscal fourth-quarter net income slid 70 percent, partly because last year's quarter was helped by a large tax benefit and fewer cancellations this year.
- Yacht at Frenchman's Harbor
Executive Chairman Robert Toll said that the company believes its prospective customers have the ability to buy but that a lack of confidence in the U.S. economy is holding people back from making purchases.
Fourth-quarter home deliveries climbed 8 percent to 757 units. Signed contracts increased 15 percent to 644 units with the average price of its quarterly signed contracts was $606,000, up from $565,000 a year ago.
There is still time for you to pick up a great waterfront location at Frenchman's Harbor in Juno Beach. Or if you are looking for an oceanfront condo, Juno is the place for them since unlike Jupiter they sit right on the ocean. You can contact me at 561-762-4073 to see any home for sale listed by any broker unless you want to search yourself. You can do that at http://www.coastalflrealestate.com/. Or email me at coastalflrealestate@gmail.com.
- Richard Sites, Realtor
