Raleigh NC New Homes: Communities, Lots and Land in the Triangle: North Carolina: Garner

Is Garner NC Running Out of New Homes? SE Raleigh New Home Report

Market Report - Raleigh NC

Southeast Raleigh New Home Listings Down 32% to December 2008

 Choices Getting Slimmer for New Home Buyers in 2009

Most Up-to-Date Raleigh Market Reports - How is the Housing Market in Raleigh?

 

Looking for a new home in the Garner NC area?  Thinking the choices have gotten a little thinner?  You're right....

New Home inventory in Southeast Raleigh NC was down 32% in December 2009 versus December 2008.

New Home Listings by Price Point in Southeast Raleigh NC

  

Garner NC New Homes - Market Report - Garner NC Custom Homes

 

There were fewer new home listings in Southeast Raleigh NC in every price point - the only exception was new condos, which increased by eight units. 

There were 21 single family homes were listed in the Garner NC/Southeast Raleigh area under $150K, making Southeast Raleigh NC one of the more affordable areas in Wake County.  There were also 32 new homes listed between $150-199K. 

The $200-299K, $300-399K, and $400-499K price ranges all had significant percent reduction of Southeast Raleigh NC new home choices - from 60 homes in December 2008 to only 31 homes in December of 2009.

Garner NC area new homes in the $150K and under range saw a 46% reduction in inventory levels, from 39 to 21 new homes.

Garner NC area new homes in the $150-199K range saw a 47% reduction in inventory levels, from 60 to 32 new homes.

 Overall New Home Listings in Southeast Raleigh NC - December 2009   

Garner NC New Homes - Market Report - Garner NC Custom Homes

 In third quarter 2008, there were 205 new homes listed in Southeast Raleigh NC.

In third quarter 2009, there were only 139 new homes listed in Southeast Raleigh/Garner NC.

Builders are building fewer "speculative" homes, and more home buyers are opting for completely custom packages, in every price point (which means the homes are not listed, but completed to the buyers exact specifications). 

On the bright side, if you're looking for a new home, there are many more choices of available lots in Garner/SE Raleigh NC, so it is easier to match up your floorplan, budget, and location (browse available communities here). 

What Price Points are getting the most showings in Southeast Raleigh?  

 

Garner NC New Homes - Market Report - Garner NC Custom Homes

 

If you're looking to purchase in these price points, you'll have more competition for your new home.

$150-199K new homes in Garner NC area saw the most overall showings - 32% of all showings were for Garner new homes in this price point, while only 23% of inventory was in this price point.

Condos in Garner NC saw a surge in interest, with more than 4 times the number of showings as seen in September 2009.

$300-399K new homes in Southeast Raleigh were also very busy.  These homes represented 12% of the available new home inventory in Garner NC, but saw 19% of the Garner new home showings.

New Homes in Garner - Overall Showings

In September 2009, Garner new homes had a total of 94 showings.  In November of 2009, Garner NC new homes saw 124 showings.  Showings in November were up 32% to September, in a time of year that is typically much slower. 

 

Garner NC New Home Resources:

 

Garner NC New Home Builders

Build On Your Lot in Garner, NC

Accessible Homes NC – Accessible Builders in Garner

Acreage Lots for Sale Garner, NC

Garner, NC New Home Lots and Land

 

 

 

Available New Homes:

129 Brookhaven Way – 3358 Sq Ft – First Floor Master – Under Construction Now

152 Brookhaven Way – 3474 Sq Ft – First Floor Master – Under Construction Now

Choose Your Plan -- Browse Floor Plans Here

 

New Custom Homes in the Raleigh Area - and throughout central North Carolina

 

New Homes Raleigh NC - New Home Raleigh - Raleigh NC New Homes - New Home Raleigh NCStanton Homes makes building your new custom home easy!  We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations.  Your custom home is going to be extraordinary when you create it with one of the nation’s top fully involved builders and the high quality materials and craftsmanship that our reputation is built on.

Call 919-278-8070 to find out more about new homes in the Raleigh area today. 

Top 10 Best Floor Plans      
Articles copyright Stanton Homes 2006-2017.  Unauthorized use is not permitted.  Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements.  Please note:  all listing information per MLS, and current as of posting date.  Information subject to change.  Stanton Homes does not make claims to ownership of  any lot listings, but can work with homebuyers to purchase available lots and build.  Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions.  Ask for further information regarding any community, lot or floor plan.  Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area.  No claim of ownership is made to homes or land pictured.  

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Comment balloon 4 commentsStanton Homes • December 17 2009 06:07AM
Is Garner NC Running Out of New Homes? SE Raleigh New Home Report
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