Sunday, July 22, 2018

Price and Sales Update

Another $5000 bump in price for all three models in early June.

Good to see prices still rising even this late in the game.

Building 7 (Units 60 -74)  only has 4 units remaining...

This is the sign before they removed it a few days ago in order to install the sidewalk.


Building 7 will be having it's closing next month (in August).

Building 8 (Units 75 - 89) only has 5 units remaining...

Building 8 will have it's closings in late September/October timeframe.

For building 9 and 10 they just started digging for the foundation but those have not been released for sale as of yet.
UPDATE:  A reader informed me that they just opened these two buildings up for sale yesterday. (7/21/18)


At least they have broken ground on those now...  In the bi-weekly update from the developer they have moved the completion date for building 9 and 10 to the second quarter of 2019.

Unrelated side note is Jersey Mike's said they needed more time for hiring and training and would not open until 8/1/18.

Sales going really strong here and it is looking like not too many of these units will actually make it into the MLS...  I am thinking maybe a few Dawson's may still be for sale into the winter and that will be it as far as completed units go.

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The pricing history on the smallest floor plan (Dawson) has been:

12/9/16:               $415,000
1/22/16:               $425,000
3/2/17:                 $430,000  
3/28/17:               $440,000
6/5/17:                 $443,000
11/5/17:               $440,000
6/1/18:                 $445,000

 The pricing history on the middle floor plan (Parker) has been:

12/9/16:               $440,000
1/22/16:               $450,000
3/2/17:                 $455,000
3/28/17:               $470,000
6/5/17:                 $473,000
10/1/17:               $483,000
11/5/17:               $470,000
6/1/18:                 $475,000

 The pricing history on the largest floor plan (Cassidy) has been:

12/9/16:               $465,000
1/22/16:               $475,000
3/2/17:                 $480,000
3/28/17:               $495,000
6/5/17:                 $518,000
8/25/17:               $537,490
3/1/18:                 $543,000
6/1/18:                 $548,000