Finding a community that the homes are holding their value…

Over the last year I have noticed that many communities have a lot of homes for sale and the values of the homes are dropping quickly.  For instance, the community that I live in got caught with many new homes for sale when the real estate market started it’s decline in our area.  Many builders were holding several homes in inventory and now they are still for sale or have sold at about 70% to 75% of the original list price.    Many of the homes in the community are now getting purchased at these deeply discounted prices so the inventory is finally decreasing each month.  Eventually the values of the homes in the community will increase again…

As the Director of New Home Sales for Hecht Development Company, I currently market a community in Denver NC called Killian Crossing.  I have been pleasantly surprised over the last few weeks to hear that some of the home values have increased since the original purchase one to three years ago.  Many of the current homeowners are taking advantage of the lower interest rates and have gotten appraisals completed for home loan refinances.    We have had several instances where purchasers are getting higher appraised values at the time of purchase as well.   

With homes priced in the $325,000 to $450,000 price range, Killian Crossing is one of the few communities in the area that has not been as affected by the drastically reduction of home prices…or at least based on the recent appraisals. 

If you would like more information about Killian Crossing, please visit http://killiancrossing.com.