Does anyone know how sales are at SSR? Slower than projected?

[goodcook5]

I read on the other thread that SSR is not on schedule to meet the sales projections. I had also read this about Hilton Head--that sales lagged and they never completed the last stage of building.

Does anyone know?

 

[dvc_john]

I read on the other thread that SSR is not on schedule to meet the sales projections. I had also read this about Hilton Head--that sales lagged and they never completed the last stage of building.

Does anyone know?

It was Vero Beach that they never completed.
All of the buildings on HH were built at once. The resort is on a small island, and there is no room for any more development.
Vero Beach was developed with the Inn building, beach cottages, and 3 buildings with 2 br and 2br lockoff units. More were to be built ocean side south of the existing buildings, and a substantial number of buildings across the road. Those buildings were never built.

As for sales at SSR, no one here really knows for sure. There have been posts of 'reliable sources' saying sales are not good.
Others have posted that the resort is 75% sold. But 75% of what? Certainly not 18 buildings. 75% of declared inventory doesn't seem likely - why would they declare so much excess inventory so fast? 75% of completed buildings? Maybe. Who knows for sure? And how accurate is the 75% figure.
I tried to get a handle on sales on another thread, but the info isn't adequate to really tell.
I could tell that: Congress Park was mostly sold before the resort opened. And CP was sold out about the time time building 4 opened.
The Springs started pre-selling by at least August 2004.
And The Paddocks apparently started pre-selling in May 2005, as one poster bought in building 9 in May 2005 but didn't close until the building opened in August 2005.
And I can tell that at least some of all buildings (except building 12) have been sold.
But because with the Paddocks especially, they aren't selling the buildings in sequence, I can't tell if any of those buildings are completely sold out.

One other thing. Regardless of whether sales are good, bad, or indifferent, sales at SSR are outpacing sales at OKW, BWV, VB, and HH when they first went on sale. And Congress Park 4 buildings sold out in about a year, which is about the same pace as BCV.

 

[dvc-NE]

I read on the other thread that SSR is not on schedule to meet the sales projections. I had also read this about Hilton Head--that sales lagged and they never completed the last stage of building.

Does anyone know?

When I hear that sales are slow at SSR, I tend to believe it.
The economy I think has alot to do with it. Also I think the fact that SSR will have over 800 accomodations vs say BCV (just over 200) has alot to do with it also. BCV sold out in about a year, you can't reasonably expect SSR to sell as quickly, IMO.