Quote:
Originally Posted by 2BNTV
When I was looking to buy in May, a new patio villa was 142K not including the 12K bond and having to furnish it.
Last week, I saw a new patio villa for 179K.
The market have started to rise dramatically on new homes in the span of the last few months. Pre-owned have risen about 10%. If one procastrinates, it will cost even more. IMHO
|
2BNTV---(142K to 179K) Thats about 26% increase in six month all things being equal. That is a significant increase in a fairly short period of time. Yes, I agree good for current owners and not so good for those planning to buy in the near future.
We are in the so called "Final Phase" for new homes. The Developer of TV is certainly using this as a marketing tool and is raising prices accordingly. Will supply any time soon out distance demand?
The interesting question is will these higher prices be sustained following build-out. I doubt you can find a precedent for what is currently happening here in TV.