There is no doubt that new construction home sales are growing nationwide in 2020, due in part to a solid economy, low building costs and affordable interest rates. Since Real Estate is localized, there are some areas that have seen substantially more new homes built in the past year then others. In fact, many coastal cities have seen a rise in new construction developers who are creating luxurious communities, set near, or directly on the water. Many of these developments are comprised from brand-new single-family homes, condos, villas, and townhomes, each as unique as the next.
source: beazer.com
Top 3 Cities for New Construction Homes
No matter where you live, new construction homes are being built faster than years ago. But some cities are building a lot more homes then others. In some cases, the local economies are bustling, and buyers are making more money in 2020. Other cities are in areas that have seen substantial growth in Real Estate prices in recent years. This allows more people to sell their current homes for a higher profit to reinvest into a brand-new home.
Here are the best areas to buy a new construction home in 2020!
Port St Lucie Florida [34953]
source: tollbrothers.com
Port St Lucie is located just north of the Palm Beaches in South Florida and recently named the “safest city” a huge attraction for many home buyers. Port St Lucie offers a wide selection of new construction homes for sale. Especially in zip code 34953, which covers a large section of the county. This area is set in a natural preserve to the west, and the Atlantic Ocean to the east, making it desirable for all types of people’s lifestyle needs.
Some of the most well-known home builders can be found here like, DR-Horton, DiVosta, and Adams homes to name a few.
The new home communities in Port St Lucie offer buyers affordable homes, with the newest building technologies like; impact windows, upgraded appliances, granite counter-tops and luxurious finishes throughout.
Plus, the area is affordable for most people on a budget because the new homes market starts in the mid $200,000 range.
Of course, there are more expensive options available and buyers can custom build their homes directly on the St Lucie River, where lots & land are still available for new construction.
Stuart Florida [34994]
source: tollbrothers.com
Another place where new home sales are rising quickly is Stuart Florida. A beachside city with a small-town feel, Stuart is set directly on the St Lucie River, all the way to the pristine Stuart FL beaches. This area has been one of Florida’s best hidden gems until recently, when people began to realize how affordable living on the water could be.
Although Stuart commands higher prices due to its location and higher Real Estate values. Still, buyers can choose from many new home choices in Stuart such as; waterfront condominiums, new town home communities and 55-plus neighborhoods that cater to Florida’s older population.
Well-known builders like, DR-Horton and Emerald Homes created luxurious developments in Stuart, with lots of amenities, boat marinas, state-of-the-art fitness centers, and guard-gated security. All this set on one of the most unspoiled waterfront cities in Florida.
The homes for sale in Stuart can range from $300,000 – $700,000, depending on the location, style, size, upgrades and options.
Vero Beach Florida
source: icihomes.com
If you haven’t already heard about Vero Beach Florida, then this is for you. Set directly upon one of the last, unspoiled, natural Barrier Reefs, and home to a booming new construction market makes Vero Beach in demand. Anyone who appreciates the ocean will love the pristine coastline and wide variety of marine life, alive in Vero.
Much of the city’s coastline is being rebuild with waterfront condos that overlook the ocean, and feature owner only amenities and recreational areas. The condo buildings have everything you would need on site, plus, concierge services and luxurious extras.
Many even let owners rent their units during peak Florida winter season, which can help offset the prices, that are quite reasonably considering the location.
New home builders are offering waterfront condos for sale in Vero Beach starting from the mid $300,000 and up.
Wrapping it Up!
The forecast in 2020 is for more new homes to be built in these and other cities around the nation. With a steady economy, falling interest rates and motivated buyers, there will surely be substantial growth nationwide. Hopefully this article helps you seer the best places in Florida to buy new homes this year and why.
Be sure to check the local Real Estate market a few times per year to ensure that no changes are happening which could affect the homes values near me.
Moreover, it is always recommended that you speak with a professional Realtor to evaluate your unique situation and be sure to get the best deal you can when buying new.
