So here it what is selling in the NW for new construction over the last 45 days, and some new stuff in the market:
– Breckenridge has sold and closed on 4, all on Hogadon. 1472, $357,295, $150 psf. 1478, $271,254, $154 psf. 1485, $230,968, $131 psf. 1479, $272,450, $132 psf. They are building like crazy way ahead of contracts.
– Lennar’s Grand Summit has closed 3, all on Clear Vista. 1072, $218,950, $136 psf. 1052, $199,950, $132 psf. 1060, $219,950, $136 psf.
– Sierra Canyon closed on 3, and the construction pace down there is frenetic. I don’t think these are inventory houses, but pre-sales.
– Toll Brothers are just about ready to open their new model home in Sonterra on Back 9 Trail in the ‘Sette. No news on the square footage, but they are stating prices from the high $300’s. It seriously looks like they have lopped the back half off their standard designs for this model. No joke. The free standing 1 car garage / casita looks like a dwarf compared to the scale of the main house.
– I did an unofficial and unauthorized tour of the two new homes in Talon Point on Woodcrest. 1635 is a 3295 sf wonder listed at $525,000 or $159 psf. Huge for a 3/3, but there are a lot of "flex" spaces. 1645 is listed at $495,000 or $162 psf. My reaction was that these were vestigial plans from 2005 with bedrooms turned into flex spaces. Both were seriously stupid plans with courtyards that didn’t act as focal points.
I didn’t research Lennar’s Laurel Ridge, not to be confused with Laurel Ridge in Somersett, part of which got foreclosed as part of "The Ledges". Though 1725 Laurel Ridge in Somersett is listed at $599,000 for an unbuilt Homecrafters house for $154 psf. This is basically Diane’s plan without the finished back yard. Sees a little rich for the market.
For my money, I’d be looking at Breckenridge. Awesome views.
Keep you eyes on the Siena. I’ve been consumed with tracking the details behind the Siena Hotel Spa Casino BK, both for the investors and the local media. This will be a big story, and you will hear about it on RRB first!