Home Page Our Homes For Sale New Listings/Price Chgs Contact Allen or Barbara Barbara's Blog

My New Blog

Polk Permits
July 7th, 2015 9:26 AM

Barbara's Blog:

Local residential construction permits are up 12% from one year ago.  All around the Davenport area there are new residential home communities springing up once again.  From Haines City to Davenport along Hwy 27, and the Champions Gate area, Polk County home builders are seeing a slow and consistent growth that was seen before the housing boom.  The single family residential home construction in in the process of recovering to the normal.

Our local activity actually outpaced the nation in growth, not only with single family homes, but also apartments and condominiums.  The popularity of apartment living has risen dramatically since 2008, since many lost homes to foreclosures during that time.  Although the new home market has made great gains, it is still a bit restrained by an oversupply of foreclosed homes that have not yet totally cleared the market.  But housing starts are keeping up more with the population growth in this area, than in the past few years.  Builders state that the most desired land remains near Lakeland, Winter Haven and Northeast Polk (Davenport area) because housing costs are much less expensive than other Central Florida areas, near the cities.

Due to this increase in residential construction, it is more important than ever for sellers to price their existing homes properly for the market and to keep up with modernizing bathrooms and kitchens, especially if the home is over 10 years old.  Granite countertops, wood flooring, and upgraded appliances are just a few of the major changes in new homes today.  In order to remain competitive, existing homes will need to display some of the more modern features that buyers are looking for, or be prepared to price lower to accommodate the current buyers' expectations. 

Keeping a home in pristine condition and updated for the market is extremely important once new construction resumes in the area.  Sellers must compete with builder incentives and show that their home is well worth the price. 


Posted in:Local
Posted by Allen Doeringer on July 7th, 2015 9:26 AMPost a Comment

Subscribe to this blog

Archives:

My Favorite Blogs:

Sites That Link to This Blog: