Quote:
Originally Posted by eweissenbach
The graphs are only resale homes sold through the MLS. New homes are a different animal.
|
New homes are certainly a different animal but I thought it was starting to follow the existing market more closely about a few months ago but I was wrong and it's all because of Richmond. When they started building in West Deluna (actually just Deluna), homes just sat and I mean over hundred, which is completely out of character for TV. I thought, here it goes, we finally have hit saturation. But people were just waiting for Richmond. Now that Richmond is in process, people are finding out that 20 other people have bids on the same house and nothing is available. So, those same 200, 300, 400... potential home buyers that waited on Deluna in hopes for Richmond are now relegated to buying in Deluna in my opinion. There were 200+ NEW homes available back in June, mostly in Deluna. Now there are 100.