Spring is definitely upon us. On the Grand Strand, we’re fortunate enough to enjoy a few months of cool, inviting weather before the Summer heat hits us. Golfers are also on their way, eager to make tee times & reservations at their favorite restaurants.
Another kind of climate change is also upon us. Only halfway into the first Q of 2011, and we’re seeing a rise in local real estate buys. A majority of these purchases are for undeveloped lots. The previous attraction of buying foreclosures & bank-owned property seems to be waning in favor purchasing lots for future development. A recent article in the Sun News featured Fred Coyne of Westbridge Homes discussing this trend.
“…over the last several years a lot of [lot prices] got to a point that they were squeezing people out of the marketplace,” Coyne said, regarding previous market conditions. “[And] what’s kind of happened is that prices have been reset and readjusted. That has given some people an opportunity that may have been [previously] priced out.”
Though not all new lot sales will translate into immediate build projects, the future looks good. Inquiries for Westbridge Homes custom home design & build services are up 15% over last year’s figures. While there are still some financing obstacles to overcome, it’s clear that the conversation is moving towards new growth & development on the Grand Strand.
Westbridge Homes is a custom home design & build firm with decades of experience building in and around Myrtle Beach. The homes we’ve built are a reflection of the people who hire us. Whether it’s a new home, or one of our featured specialty projects, we strive to meet & exceed the needs of our clients. Building nice homes for nice people ~ it’s not just what we do, it’s who we are.
A home is a big investment. Often, it’s our biggest investment. Choosing a home builder should take that into account. We treat each project uniquely, because each client is unique. Get in touch with us today, and find out what Westbridge Homes can do for you.