Higher Lot Prices May Boost New Home Prices

Supply of Charlotte resales and new construction homes for sale

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

New Construction continues in the Charlotte Metro area

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...