Are You In The Market For A New Home?

Clip Art Graphic of aThe rebound of the housing market has meant a boost to the home construction market.  Home construction had nearly come to a halt during the recession as building in 2009, 2010 and 2011 was less than one-third of the level it was during the housing boom.  Builders are breaking ground on new developments, which is good news for buyers competing for a limited number of existing homes on the market, as well as those who want a brand new home.

New Home Construction Is Up

New homes typically represent 20% of the housing sales market.  Although the number of homes under construction is about half of the annual number necessary for a healthy market, starts are up 28% from the same time in 2012.  Single family housing starts reached 610,000 in March 2013 and are expected to reach a seasonally adjusted annual level of one million by the fourth quarter of 2013.

Profile Of A New Home

  • Average single family home is 2.480 square feet in size.
  • 39% of single family homes have 4 or more bedrooms, 48% have 3 bedrooms.
  • 62% of buyers who bought a new home bought one located in the suburbs or a subdivision.
  • The median price of a new home purchased was $232,000.
  • The median expected amount of time that buyers intend to stay in a new home is 15 years.

New home construction has definitely seen a growth spurt in the Naples area in the last few months.  Trees are being cleared along Immokalee Road and on County Rd 951.  Builders are also building in Bonita Springs and are starting to build again in communities that are not yet finished like Lely Resort, Heritage Bay and Fiddlers Creek.  Call me at 239-601-3714 so I can give you the most up to date information on the new housing market in Naples.  There are plenty of new homes to choose from; let me be your guide to the communities that best suit your needs.  The choice doesn’t have to be as confusing as it looks!

Remember, it is always toasty in Naples and you deserve your piece of Naples Florida sunshine and a new home!

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