New Construction Starts At A Four Year High

By
Real Estate Agent with Integrity Real Estate Group

According to a recent report in the Washington Business Journal new construction starts nationwide reached a four year high in October 2012.  The major gain was in multi-family houses which includes condos and townhouses.

Riverwood at Ferry Landing Alexandria VAAll a buyer in Northern Virginia needs to do is drive around and see how new construction is doing in our area.  This weekend I was out with relocating buyers looking at homes in the Mount Vernon area of Alexandria.  The sales office for Riverwood at Ferry Point was busy and a number of homes are already under construction and lots sold.  The Riverwood at Ferry Point community features homes on 1/2 acre or larger lots righ on the edge of the Dogues Creek with access to the Potomac River.  Base prices start at just over $1 Million and depending on upgrades can go up accordingly. 

New homes offer buyers who have a little bit of time to wait a great option to build the home the way they would like.  Riverwood at Ferry Point is on the higher end of the new home scale but there are developments throughout Northern Virginia covering a wide variety of price points.

If you are interested in learning more about the new home developements available in Northern Virginia give Cindy Jones and CJ Realty Group a call at 703-346-2213.  Let our experience in representing buyers navigate builder contracts and the options selection process.

Wonder what new homes are availabe in Northern Virginia?  Here is a sample of just some of what you will find.



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                                   Real People*Real Lives*Real Estate

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and Integrity Real Estate Group a call at 703-346-2213.

Military Relocation Specialist serving military families relocating to and from the Pentagon, Fort Belvoir, Quantico MCB and all of the Military District of Washington installations. 

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Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.

Integrity Real Estate Group
 
Real People*Real Life*Real Estate

Licensed in the Commonwealth of Virginia



 

 

Comments (5)

Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Cindy, That is true where I am too. So people are predicting that we are overbuilidng again.

Nov 20, 2012 08:07 AM
Jo-Anne Smith
Oakville, ON

Cindy,

This is great news! I'm so glad that things are picking up in your area.

Jo

Nov 20, 2012 08:27 AM
Lloyd Binen
Certified Realty Services - Saratoga, CA
Silicon Valley Realtor since 1976; 408-373-4411

Cindy, that's good news.  New construction lubricates the entire market and will help your re-sale market.  I wish we had more of it, but there's no more developable land.

Nov 20, 2012 09:50 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Cindy,

We are hearing and seeing the builders are getting those new builts started.....those who have lots have a product to sell,....Great post!!

Nov 20, 2012 09:51 AM
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

Love hearing good news like this. Around here, there is finally action in subdivisions that have been sitting dormant for 4+ years. Can't wait to see what the spring brings!

Gretchen

Nov 20, 2012 10:11 AM