Higher Lot Prices May Boost New Home Prices Home builders are paying higher prices for construction-ready lots in many major markets. USA Today reports. Debe Maxwell www.iCharlotteRealEstate.com's insight: I realize that this is ia national article but, there is truth for us locally in this one! In a recent conversation with a local builder, in his opinion, new construction will not be able to keep up with the CURRENT demand for 5 years. As demonstrated below, new construction home sale demand is higher than resale demand currently, and both facets are in a seller's market in … Continue reading...
Hear That Boom? ‘Spec’ Homes Are Back in Charlotte NC
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 … Continue reading...