What to expect from New Construction Homes in Lakeville?

What to expect from New Construction Homes in Lakeville?

New Construction Homes in Lakeville nearly came to a screeching halt in 2008, most local builders folded up their tents and hunkered down for the long wait.  I was doing a market analysis for a client yesterday in Lakeville and was pleasantly surprised to see the volume of New Construction Homes being offered.

New Construction homes in Lakeville in the price range of $300-$350  make up nearly 50% of the market.  This is true for Active Listings, Pendings and Sold Properties too.

In the past Six Months in Lakeville  23 Two Story Homes sold and closed in this price range, 10 of those homes were New Construction.

It’s a very encouraging sign of recovery in the Lakeville Real Estate Market.

The volume of New Construction homes puts pressure on Homesellers of regular houses.  On one side, they must compete with distressed homes including bank owned properties which are listed for a very low price.  On the other side, Homesellers of normal resale houses must also compete with New Construction homes in near perfect condition, with modern features, all new appliances and mechanical systems and full New Construction Warranty.

If you would like to take a tour of New Construction Homes in Lakeville, we are happy to set it up for you!  Give me a call at 612-889-6496 or send an email.  I know many lots available and reputable builders you might wish to consider!

Read what Sheryl’s clients say about working with Sheryl and the Selling South of the River Team!

Click here to Search for all homes listed in Lakeville!

Click here to contact Sheryl if you would like her to “Sell my Lakeville Home!”

Sheryl Petrashek
[email protected]

Sheryl Petrashek is a Realtor with Re/max Results. She is based in Apple Valley and Sells Real Estate in Apple Valley, Burnsville, Eagan, Lakeville, Farmington, Prior Lake, Savage and Rosemount MN.



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