Quote:
Originally Posted by Craig Vernon
With the drop in prices for the new areas I was willing to give them all a look while visiting 2-12 thru 2-18. These areas are really far removed from the primary areas and amenities. Lake Denham doesn't even have a pool outside of Franklin Rec center. Dabney does have a neighborhood rec center thankfully because wow it is isolated. I know Eastport is coming however Denham and Dabney still a good distance away. Moultrie Creek is in the shadow of the high school and when developed its relationship to Eastport will make it a new center for development to the south for years to come. Moultrie Creek home prices are up 30 to 40k above Denham and Dabney with bonds 40 to 60k higher with the top end up near 80k. A lot to think about.
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This is a cautionary market. Home prices for both new and preowned are all over the place. I advised my daughter to watch what summer brings. Lake Denham and Dabney sales remain slow.The Developer will have to do something to get those homes sold. If prices fall further, she can take advantage.
The bond prices are an issue she is giving close attention. Right now, a preowned is looking much sweeter than a new with a $50-80 thousand bond. She would rather spend that money remodeling an older home to suit her taste than carrying a 30 yr bond fee that gives her no benefit. A home between the 66's is her desired location.