Hear That Boom? ‘Spec’ Homes Are Back in Charlotte NC
Spec homes and new construction pre-builds are definitely on the rise in the Charlotte area. With many pre-sales/builds not documented in our MLS, we continue to show a rise in new construction sales and prices in 2013. Below are the current year-to-date sales and prices as well as the same period year-over-year, which show a healthy gain thus far in 2013–and we’ve only just begun to Close these new homes!
5/7/2011 – 5/7/2012 – 3,209 Sold – Avg List Price – $257,780 – Avg Sales Price – $252,331
5/7/2012 – 5/7/2013 – 3,984 Sold – Avg List Price – $265,752 – Avg Sales Price – $262,899
If you’re thinking of purchasing a new construction home in Charlotte NC, give us a call–allow us to represent you in our new home purchase and guide you through the process. You will also want to read…
Spec building will likely grow as supplies dwindle further and demand rises.
Supplies of homes for sale are down across the nation. Inventory in March fell 17 percent from a year ago, according to the National Association of Realtors. Listings usually rise dramatically in the spring, but they have not kept pace with historical averages.
In its earnings release Monday Meritage Homes CEO Stephen J. Hilton noted, “Housing demand is greater than the supply of homes available for sale in many of the areas where we operate, causing home prices to increase.”
© Debe Maxwell | Savvy + Company Real Estate | SavvyBroker@me.com | Hear That Boom? ‘Spec’ Homes Are Back in Charlotte NC