Dothan Real Estate Market Report - November New Construction
November 14th, 2008 - Categories: Inside the numbers, New construction homes in Dothan
By: Judy Spears
There were 23 permits issued in October for new homes to be built, exactly the same number as October, 2007, but down just slightly from last month. Of the 23 however, eight were for one subdivision (Ill have more on this development in a later post). Just like the resale home market here, new construction (starts anyway) is going through its seasonal slowdown.
Unlike the number of resale homes for sale in Dothan, the number of new construction homes listed has edged downward. As of this morning, there are 215 new construction homes listed in the Dothan MLS, down from 223 last month.
There were 25 sales of new construction homes in October, with an average price per square foot of $106.60 and average days on the market of 182 days. Price per square foot was up about $10 and days on the market was down by over a month. Home builders seem to have had an all around good month.
If you have an interest in building or purchasing a new construction home, give me a call or use the contact form. As a Certified New Homes Specialist (CNHS), I have extensive training in the new home market and would be happy to consult with you on your real estate needs.
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