New Home Supply and Demand and its Effect on Pricing
One of my specialties in Colorado is new construction. I love working with builders and finding buyers for their new homes.
I have been working with Lennar and Pulte for some time now, and, as you may have seen in last week's blog - they are selling dirt lots left and right!
Lately I have run in to so many buyers who want to “Make an Offer” on new homes. A few years ago, this would have been fine, but not anymore.
The demand for NEW homes in Colorado has skyrocketed and the supply has dwindled. Because of this, builders are no longer “Making Deals” on new homes. They certainly offer incentives for using their preferred lender but they just aren’t budging off the asking price. They don’t have to. They can’t seem to build the homes quick enough to keep up with the demand.
If you are looking for new homes in Colorado, it is time to adjust thinking a bit. If you find a home and you want to go home and sleep on it, it is likely that it will be gone by the next day. That’s how quick things are moving. Now is the time to jump on a home if you truly love it. Don’t let the next buyer come in and buy it out from under you.
Check out my new home listings and see which home you want to JUMP on today!