Beazer Homes has announced that they have purchased 93 Lots in Craig Ranch and plan on building Mid $250's to Low $300's Product. This could be one of the biggest sign of a turn in the Real Estate Market here in North Texas. Since 2008, Craig Ranch has been a community that held it's price and when things turned ugly in the markets, builders in Craig Ranch couldn't make it work. Practically every custom builder had to pull out because of the supply and demand at the time.
Now is a different story. After hitting the lowest point in Real Estate Prices in around 10 years and a silence in the hammers in every community in McKinney, Plano, Frisco, and Allen, There are signs especially in Craig Ranch that everything is turning. Are Beazer's homes going to be less expensive than the other properties already built in Craig Ranch? Probably. Is this a bad thing for anyone involved? Absolutely not!
KHOV, Beazer and another Nationally Recognized Builder that is now in escrow to purchase part of Craig Ranch will be one of those opportunities that you will say, "Man . . . I wish I would have bought a property in July of 2010!" The reason why is this. You will see Beazer come in and consistently sell 8 to 10 homes a month. KHOV and the other builder, 3 to 4 a month. In 6 months the supply of lots in North Dallas will be so scarce that where else can people go but Craig Ranch. This will bring in the Custom Builders to pick up some of the Estate Lots and BAM! Prices up, Community developing at record speeds, and one of the greatest times in North Texas Real Estate ever!
Believe me, when I was in High School at Plano senior High in 1997, I drove out to my friends parents house in Stonebridge. Driving on the two lane road of Custer by the corn fields, I felt like I was already in Oklahoma. Now take the same drive, Quicktrips, Restaurants, Banks, Townhomes.
Now is the time. If you are looking for a new home in Collin County, Plano, McKinney, Frisco, Prosper, Allen or North Dallas, give it a chance. Contact me directly at (469) 733-2723. Let me, your Craig Ranch New Home Specialist give you a tour, take you to the clubhouse, cooper fitness center, show you what I am talking about and I think you will understand when you see it.
As for Beazer Homes, I will have all the information here as it comes available.
Look forward meeting you and welcoming you to your new community and home in the years to come.
You won't be disappointed!
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