Plymouth Minnesota new construction developments have been booming. There is some concern amongst the top residential realtors that the supply of new homes in Plymouth is too much for the demand to keep up with. The national builders in the Plymouth, MN real estate market seem to think otherwise. Some of the Nations biggest home builders are seeing sales continue to rise in their Plymouth developments. Most local new construction realtors feel that the growth is in large part because of the thriving Wayzata School District. Other Top Real Estate Brokers believe that the high supply of new homes and vacant lots in Plymouth creates a healthy and competitive market for builders and buyers.
These new single-family developments are the largest developments in Plymouth, MN and feature only the National builders.
This is a David Weekley Homes development and has been selling well. The strategy for David Weekley Homes in the Minnesota real estate market has been very aggressive. The David Weekley Homes name is big in the Southern states and trying to expand into the Twin Cities market. One of the ways they are achieving high sales volume is by strategically pricing their homes to be less money per square foot than the other National Builders.
These new homes by a top National and Publically traded builder, Pulte Homes will be ready for their new owners by this coming Spring 2017. This development is located within the Maple Grove School District. The prices range from the upper $300,000's to the upper $500,000's. There will 60 homes built when the development is finished. There are two lots that are for toddler play spaces, a private dog park, wooded walking trails, ponds, wetlands, and cul-de-sacs.
There are 128 lots in this Pulte Community. The prices of the homes are in the $400,000's. The close proximity to the Wayzata Highschool is a selling point for this development. The wider lots, cul-de-sacs, wetlands and sidewalks with street lights are also desirable features.
This development is also in the sought after Wayzata School District and is right in the Plymouth heartland. Most of the homes are ranging from the lower $500,000's to the $600,000's but very few brand new homes remain. There have already been home owners that purchased brand new homes from Lennar and re-sold them. Most of the recent existing home sales were because of job transfers and families relocating.
One of the reasons buyers are flocking to this development is because of the 75-80' wide home sites. There is also a 2+ acre City Park in the neighborhood and a pool with a pool house for the neighborhood. The wooded homesites have been selling fast. There is a total of 138 lots in this development and they are expected to be completely sold out by 2018.
Twin Cities Home Sellers Doing the Happy Dance Market snapshot: This is a very difficult market for buyers, especially in the lower price tiers as the theme of low inventory coupled with high demand endures. As inventory levels continue to shrink, ... Read More