Above are the numbers as of 12/31/2013 of all Frisco Neighborhoods that have lots not currently built on. It shows the “LI” which is Lot Inventory – which are lots that have been released by the developer. And “PL” which is Pipeline Lots that will become available in the bear future.
After taking a quick look, at first it just looks like a lot of numbers. But I did notice something that is very good for new buyers.
Forget about the “LI” column and just look at the total and PL columns. If you see the same number in both that means that they are new communities and will be available very soon.
But why is that a big deal you ask?
It’s very simple.
In my 11 years of selling new homes I have seen pretty much everything from both the builder and buyers sides. But consistently I have seen the first buyers ,regardless of the current market, come out way ahead from an equity position if they need to sell.
When developments open up, if you have the vision and ability to contract quickly you WIN in the long run. The builders initially price the homes way under to get sales going and boards in the air. It also allows the salespeople to create excitement by the amount of homes that are already sold. Then that is when they raise prices.
And of the 11 new developments opening, I would say that 5 or 6 have the potential to raise in prices tens of thousands of dollars in the first six months. A couple I KNOW this will happen is Diamond Point Estates, Liberty Crossing and Kingswood Village.
Those three will most likely make those initial buyers very comfortable financially in their minds and also put them in a great location and great community.
For more on these Frisco New Home communities text or call Brad Holden today at (469) 733-2723.
Brad Holden – Holden New Homes – Licensed Texas Real Estate Broker