new homes

New Construction Homes Back on the Radar

While short sales and foreclosure properties are still playing a prominent role in the current real estate market, new construction homes are slowly (but surely) making a comeback in Lee County. According to a recent article in news-press.com, and statistics from Metrostudy (a housing market data company), the number of completed and vacant homes was only 258 at the first quarter of 2010.

Reasons for the growing interest range from buyers looking to “purchase the lifestyle”, not necessarily an investment property, to the fact that some new construction homes are only a little more expensive than some foreclosures (or short sales. With the county’s dwindling inventory of existing homes, the interest in new construction in Lee County  may be a growing trend to watch.

Information for this article provided courtesy of www.news-press.com, 2010.