Thanks for the reply. I agree with DR Horton. The community there isn’t…nice. But for the price, it will probably attract a bit of people to just look at their homes (with their incentives).
Just to clarify, for 300-325, what kind of home are you talking about? 1900 sq ft (3/2.5)? or 2700 sq ft(4/3)? or even 3600 sq ft (5/4)?
I’ve looked at the homes that Lennar are building (Prescott, Barrington, and Emery Place), and they’re asking for a bit less than the Meritage homes. Right now though, people selling their homes are selling 1900-2400 sq ft homes for mid 400’s to low 500’s (off zillow). That’s about $200-225/sq ft. However, Meritage is selling their new homes for about $170-180/sq ft (2300 sq ft for about 400K). I’m thinking to myself, why buy used when I can buy new for cheaper? But I’m starting to think that $170-180/sq ft is still too high, even for a new home (with all the appliances, new flooring etc).
DR Horton is selling their homes for 421K at 3700 sq ft. That’s about $115/sq ft! Granted it’s location isn’t good, but will Harveston see the same $/sq ft? $115/sq ft is getting close to 2001-2002 prices, before the housing market went crazy (unless 2001-2002 was already crazy).
