Anyone notice the trend is back? I see framing crews, roofing crews, and concrete trucks everywhere I turn! I count eight new homes either under construction or completed in last six months this year in my part of Cotswold alone! There are two bare lots with builder signs in Olde Cotswold, and at least two large ones going up on Coddington & Canterbury. This does not even include the major remodels! It's great to see our market rounded out with a balance of resales & new builds. Note that many of the new construction projects sell before they hit our MLS system. Some are custom built homes where the owner buys the land (or a tear- down), picks a builder, and builds for themself. In both cases, the end financials are never public. But the impact on the neighborhood is still great for our property values. And don't assume that new construction is only for the luxury market! Three new homes at the end of Ellsworth and McAlway have recently sold in the high 400's. If you are thinking this might be the right path for you, please contact me! I know of several projects in the works that might be right for you. Boom, boom, boom!
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