New home sales accounted for 43% of Wake county, NC sales activity in 2007. Keeping track of builder inventory may help your buyers make more informed decisions and negotiate better deals. The following is a snapshot of Wake county, NC builders activity. (Data provided by the county records**.)
846 CENTEX HOMES
338 MI HOMES OF RALEIGH LLC
279 WESTFIELD HOMES OF THE CAROLINA LLC
252 KB HOME RALEIGH DURHAM INC
250 PULTE HOME CORPORATION
245 ST LAWRENCE HOMES INC
242 BREEZEWOOD HOLDINGS LLC
218 HERITAGE WAKE FOREST INC
216 JOHNNY WATSON BUILDERS INC
211 JOHN WIELAND HOMES & NEIGHBORHOODS
At 1307 discrete parcels, the City of Raleigh led the field of largest parcel owners in Wake county.
**Some counts may be under-represented because some builders use aliases and abbreviations.
Santrock Realty Group Inc. , - Cary, NC
Raleigh - Cary Broker
New construction is killing resales in the high price ranges! For investment properties - just make sure you're not competing against new construction. I know I'm preaching to the choir.
Jan 21, 2009 01:09 PM
Holly Springs, NC
Indeed. In 2003, I learned that as aninvestor I can't compete with builders/new construction. Let's hope we get back to normal soon....
Jan 21, 2009 01:19 PM
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