Special offer

Builders are buying up land in Chester County!

By
Real Estate Agent with Realty ONE Group Advocates 484-237-2055 PA License - AB067198

Opportunities for landowners in Chester County are rising as builder confidence rises. By now every body knows about the shortage of homes for sale, resale and new construction. We currently are at about 40% of the number of homes listed compared to 2019. That is a significant shortfall.

Because of this, homes in Chester County, Delaware and Montgomery Counties and along the Main Line are seeing price rises giving sellers increased equity. However, the higher interest rates and lack of inventory are not allowing many of these homeowners to take advantage of this equity and buy something larger.

For the past few years builders have not been confident in the market along with the challenge of finding workers to build the homes for which they have filed permits. But that confidence is rising and builders are out looking for land to buy. Chester County is specifically interesting as it still has large swathes of land on which to build, plentiful employment opportunities, good school districts and is close enough to major towns to provide a strong market of buyers.

Land sales can take longer as builders need due diligence to know what they can build and what will be allowed by a township.

Landowners in Chester County should take advantage of this opportunity and contact Nick Vandekar, Realty ONE Group Advocates to represent them, by cell or text 610-203-4543, office 484-237-2055, or email Nick@VandekarTeam.com.

I look forward to meeting and discussing with you whatever size land you might have, there are large builders like Toll Bros., NVR Homes etc. and smaller custom builders all looking for lots on which to build.

 

Posted by

 

Nick Vandekar
Nick is a Tredyffrin Easttown Residential and Commercial REALTOR selling The Main Line, Chester, Delaware and Montgomery Counties.

Giving you the confidence to make
the right decisions.

225 W Uwchlan Ave
Downingtown , PA 19335
Office 484-237-2055
SellingTheMainLine.com
Mobile: (610) 203-4543 [call or text me]
Email Me

 

My Blog

   

If you are buying or selling on or around
Tredyffrin Easttown or along the Main Line, 
I can help you, contact me.

Comments(10)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Very cool, Nick! I like to see a bit of creativity when people buy up land. It’s probably just a corporate grab, but I said do something fun with the land or build some fun housing for people who need it. Bring something a little extra to the neighborhood, you know??

Feb 16, 2024 11:38 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

The only challenge I see is, not enough affordable housing being built. But hopefully this will change as more inventory becomes available Laura Cerrano 

Feb 16, 2024 11:48 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Nick,

Thank you for letting us know about the opportunities for landowners in Chester County! It looks like the confidence is rising and builders are out looking for land to buy which is a good sign for buyers to find some newer properties to purchase! Landowners you would be wise to reach out to Nick Vandekar, 610-203-4543 if you are thinking of selling. He has a pulse on the market. 

 

Feb 16, 2024 01:37 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Nick - this seems like positive news.  Good luck to the buyers as well as those who will benefit from an increase in inventory of properties for sale.  

Feb 16, 2024 04:26 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nick- this sounds like positive news for your community. When builders are looking for land, then landowners who've been waiting to sell should contact you now. 

Feb 16, 2024 06:35 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Keystone Custom Homes have been moving East in their Land Acquisitions . They did a good job with Edgemont CC ground .

Feb 16, 2024 06:37 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You certainly stay on top of things in Chester County and will know what inventory will soon be available for your prospective buyers to purchase!

Feb 17, 2024 04:50 AM
Roy Kelley
Retired - Gaithersburg, MD

This is good information to share. I hope you are successful with many land transactions. 

Feb 17, 2024 08:23 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nick Vandekar, 610-203-4543 - an interesting observation! Just yesterday I saw a large section of Flower Mound with the bull dozers out there knocking down the beautiful mature trees. And I believed in the Tree Ordinance and open spaces. Well, something has changed here too. 

Feb 17, 2024 09:22 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nick Vandekar, 610-203-4543  do I see a new niche market for you? Land seller??:))Endre

Feb 27, 2024 10:47 PM