While foreclosures and short sales still dominate the Southwest Florida real estate headlines, new construction in exciting subdivisions continue to gain momentum in the market. Many buyers, particularly remotely located second home owners, want a new turnkey move-in-ready solution.
While builders are finding it challenging to borrow to fund new subdivisions, they are seeing significant success building new homes on vacant lots in existing subdivisions. Buyers with short windows to find a home during a visit to Southwest Florida are usually wowed with the new home offerings vs. what is available in the distressed listings.
Last week’s Lee Building Industry Association Market Trends 2011 Symposium provided an opportunity to review and rejoice in the rebirth of our residential construction market. There is a significant amount of activity across many communities, here are the top five subdivisions in Lee County measured by single-family permits in the year ending June 30, 2011:
Source: Land Solutions
Our team is available to work with buyers at all the communities with new construction in Lee County. We have previewed all the available options and can expedite your search by aligning your housing needs with the most appropriate available offerings.