During 2013, all price ranges in new construction were in demand, including the high end. The sweet point in this market place is $1.5-$2 million, where the demand is much greater than the supply. We saw multiple bids in this price range.
Most of the buyers looking for these new homes came from NYC and were young families looking for homes in the transitional style; open plan with a clean uncluttered look. Homes that are located close to downtown and the train were most desirable and having more land was not necessarily a deciding factor.
The tables presented compare new construction sales in 2013 vs 2012. For the full report visit Jillian Klaff Homes or contact Jillian Klaff at JKlaff@jillianklaff.com or 203.858.2095.
Jillian Klaff, GRI, ABR, Jillian Klaff Homes at William Raveis Real Estate.