2Q10 New Home Sales Report
2Q10 was an exciting quarter for new home sales activity! New home sales accounted for 7% of all home sales.
297 total new home sales were recorded, an increase of 15% from 2Q 2009!
• 204 total permits filed, 36.9% increase from Q2 2009.
• 2Q10 was the best quarter for number of permits pulled in nearly 2 years! 270 permits were pulled in 3Q08.
• (38016) Cordova North had the most new home sales with 76 total, averaging 1,817 sq ft and $132,648.
• Top Builder by the number of new home permits was Regency Homebuilders LLC with 31 permits pulled, averaging $168,293 and 2,339 sqft.
• Top Subdivision for new home permits was Lake Las Cruces in Raleigh with 19 permits pulled averaging $82,090. The 44 contiguous lots were acquired by Habitat for Humanity in March from a Bancorpsouth foreclosure. This is Habitat’s largest development in their 27-year history.
Click here to read more about the new housing market from The Daily News Online.
Review Chandler Reports 2Q10 Residential Market Trends here!
