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

4 comments:

  1. Just signed a contract on lot 113 yesterday! My wife and I are excited to join the neighborhood in about a year!

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    Replies
    1. Congrats Mark.

      They must have just opened up that building as I was told last week that Building 9 and 10 were still not for sale.

      The developer (Cafritz) is saying "second quarter 2019" for completion of those buildings... but what is Stanley Martin telling you for completion date?

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  2. Thanks! I think building 9 has lots released because we were originally going to buy lot 96 but they ended up pricing us out of it. We were told we were given an exception for lot 113 since it’s building 10 and it is not released yet, but who knows. They are telling us a March/April completion date.

    ReplyDelete
  3. Riverdale Park Station just confirmed your August 1st date for Jersey Mike you posted.

    ReplyDelete