Quote:
Originally Posted by Markus
New homes are less expensive because the existing homes most have done extensive changes to them... extending lanai, extensive landscaping, backsplashes, painting, custom cabinets, closet cabinets, and many other upgrades.
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Expensive new homes are not being build as spec homes. If you look at their site you will see there are only one or two homes over $500,000.00 then compare that to a host of homes well over $500,000.00 to well over 1 million.. If a buyer want's a larger home on a premium lot they have to build one and be lucky enough to get a lot large enough when they are released or buy a pre-owned home. The average selling price of new homes is lower because there are no expensive homes on the market, and there are many expensive pre-owned homes for sale, nothing to do with pre-owned homes having made improvements.