What is one of the signs that the real estate market is picking up? New construction!

As real estate values dropped in Brevard County over the past several years, many builders and developers stopped production. While people still wanted new homes, the idea of getting something drastically under the cost of construction was much more powerful than the need to design something from scratch and pay a premium.

 

As values rose and prices started to regain some normalcy, new construction became more appealing to the average home buyer. After all who wouldn’t want to design their dream home from top to bottom, including custom colors and finishing’s? I recently spotted this new construction home going up on Highway A1A in Melbourne Beach. This property was vacant for years and recently someone decided it would be a good idea to build a custom property there. With its direct ocean views and golf course right across the street, who could blame them?

Whether you are considering new construction or a preexisting home for your next purchase, new construction is always a good sign for property values and the growth of a community.

For more information on local builders in the area, preexisting homes or to find out what your home is worth, please contact us at 321.914.4409 or visit www.spacecoast1.com today!

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