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Press/Media

Media Contact

Lake Carolina
300 Long Pointe Lane, Suite 200
Columbia, SC 29229
Phone: 803-736-5253

LAKE CAROLINA ENDS QUARTER WITH 72 SALES
Apr 03, 2012

Columbia, SC (April 3, 2012) – Lake Carolina, a residential master-planned community located northeast of Columbia, announces 72 sales of new homes and homesites for the first quarter of 2012. The pace puts the community on track to more than double 2011 sales levels.

“We’ve started 2012 with great momentum,” says David Tuttle, President of Lake Carolina Development Company. “There are positive signs in the market, interest rates are down, credit is beginning to loosen and we are seeing increased construction activity. All of the signs are here for a successful 2012.”

Lake Carolina has partnered with many of Columbia’s top builders, all of which have construction activity underway at Lake Carolina. Essex Homes, Hallmark Homes, Mungo Homes and McGuinn Homes have a total of over 50 homes in some stage of construction in various neighborhoods throughout the community. Builder sales have also attributed to the sharp increase in sales. “Our builder partners are seeing the same positive signs in the market we are and are buying homesites in preparation to build more inventory,” continues Mr. Tuttle.

“Its been a while since we’ve had this much activity at all price points within the community at one time,” comments Carol Douis, President of Lake Carolina Properties. “Lake Carolina recorded 105 new home closings last year, finishing in the top-5 in both Carolinas*. That was a remarkable achievement and we are even more positive about the market this year.”

In addition to all of the new home construction, construction is beginning on a new elementary school as well. A second Richland District 2 elementary school located within Lake Carolina is scheduled to open in fall 2013.

“We feel we are in a strong position for 2012,” comments Ms. Douis. “We have expanded our product offerings and maintain a variety of new inventory homes. Activity breeds activity, people can’t help but be excited about our community and many offerings.”

For additional information visit www.lakecarolina.com.

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About Lake Carolina:
Lake Carolina, situated on 1850 acres in Columbia, S.C., has been named Community of the Year# for ten years. Within the community are over six miles of shoreline on a 200-acre freshwater lake for swimming, fishing, sailing, boating and waterskiing; 30+ miles of walking trails; a Town Center with shopping, dining and professional services; Columbia's newest YMCA; Richland 2 schools; and 20+ community events each year. Lake Carolina offers homes for sale from the low $100s to over $1 million and homesites from the $40s to $275,000+.

#The Community of the Year award, which distinguishes communities for their special features, layout and location, is one of the highest honors given by the Home Builders Association of Greater Columbia. Other judging criteria for this award include concept and theme, curb appeal and signage.
Residential Master-Planned Communities:
New Home Closings 2011 (Region North & South Carolina)
1. Carolina Lakes, Charlotte 174
2. Cane Bay Plantations, Charleston 170
3. Sun City, Savannah/Hilton Head 115
4. Carolina Bay, Charleston 112
5. Lake Carolina 105
* Data courtesy Real Estate Information Services, Charleston, SC

Media Contact: Annie Kilby, Director of Marketing
akilby@lakecarolina.com / (561) 379-5576

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