St. Charles shows strongest new home sales in 10 years -- Gazette.Net


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The Waldorf community of St. Charles showed its strongest quarter of new home sales in 10 years, according to Federal Capital Partners, which acquired the complex in 2009.

Homebuilders Lennar, Ryan Homes and Richmond American reported they had signed a combined 65 contracts for new townhomes and single-family homes in the first quarter in the Charles County community. Corresponding sales contracts in 2010 and 2011 for the first quarter were 30 and 28, respectively.

The community marks its 40th anniversary this year.

“While continued low interest rates and economic growth are fueling the local real estate market, we are also seeing a very strong appetite for new homes within easy reach of the Beltway and located within a fully mature community,” The St. Charles Cos. CEO Alan Shearer said in a news release.