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August 3, 2021

Are New Home Prices Stable Now?

The million-dollar question in the homebuilding industry is, “are new home prices stable now?” … to be honest, we just aren’t sure, but we are here to give you our best guess as to what we know about the market and the unknown.

Ivey Homes is always researching and reacting to what is going on in the local Augusta River Region real estate market and we hope this helps you make a good decision for yourself. As a resource to you, talk with Ivey’s Online Sales Counselor by clicking the web-chat in the bottom right of this page or reaching out to one of our dedicated Community Sales Associates.

WHAT WE DO KNOW

  • Demand remains strong for homes in the Augusta River Region.
  • Inventory of completed or near completed new homes is very low
  • Ivey Homes is still pricing homes and not requiring escalation clauses in contracts. Once a contract is bound the price is set. (this is a biggie for the budget of a new home)
  • Ivey Homes has townhomes and floors plans in communities across the area. Townhomes from the $190s and Single Family Homes from the $250s SEARCH TOWNHOMES & SINGLE FAMILY HOMES
  • Ivey Homes has homesites available and are taking to-be-built contracts in all communities SEARCH COMMUNITIES
  • Windsor in North Augusta has partnered with BankSouth Mortgage to offer up to $7000 in buyer incentives
  • Ivey is still dedicated to building a better-built home for every customer who chooses an Ivey home

THE UNKNOWN

  • Material and construction labor pricing is not stable
  • Some building materials i.e. windows, stone, paint, tubs are in very short supply and are becoming hard and harder to get on a regular bases
  • Estimated closing, appraisal, and walk-through dates are shifting due to the continued supply chain issues. Ivey is communicating this with customers as soon as possible.

Thankful the “what we know list” is longer than the unknown list. Ivey Homes has been a new home leader in our area since 2004 and has weathered many different market conditions and this time is no different. We would love to help guide you through your next new home purchase. Contact Us to get started!

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