Why New Construction Homes are Such a Great Deal In Vancouver WA

Real Estate Agent with Realty One Group Cascadia

New Construction Homes in Vancouver WA - Felida / Salmon Creek

Why New Construction Homes are Such a Great Deal In Vancouver WA

new homes for sale Vancouver WAWhy New Construction Homes are Such a Great Deal In Vancouver WA
Recently, I have been asked by many of my clients and friends why new construction homes seem to be such a great deal in comparison to many of the "previously owned" homes that are listed for sale. 

The answer is interesting and I don't think that the deals that we are currently seeing will last long. You see, many of the builders are sitting on lots that they have owned since before the market crashed 7 years ago.  The market is now in its recovery stages and they are starting to build again. Many of these markets are appreciating faster that the builders can build. Many of the builders under price their homes because they haven't kept in touch with the market.

On the other hand, many home owners are listing homes that they purchased during the boom. This is a natural time cycle. On average, Americans move every 6, or so, years. Many of them are listing very close to their break even point in selling their homes. This means that they are forced to list a a unusually high price to be able to get out of their homes without having to pay the bank out of their pockets to sell the house.

The contrast between these two items is making some new construction homes in Vancouver Washington appear to be a real bargain. I predict that the market will balance out by early summer 2015.

Posted by

Mark Hall

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Comments (1)

Michael Dagner
Brokers Guild Classic - Denver, CO
Your Denver Homes Realty Expert

Hi Mark, sounds like its a very good time to savvy buyers to jump, before the builders figure out they could be making more money on each sale.  Hope its a great year!

Jan 15, 2015 09:11 AM