As the shutdown of the economy eases, the housing market has heated up.
As a result of potential home sellers “pulling back,” fewer homes are available to now energized buyers.
According to a recent story in The Morning News, Pee Dee median home prices have risen almost 10%. In addition, the number of days homes stay on the market has dropped. All most likely due to the effects of the COVID-19 pandemic (as discussed here in an earlier post).
The newspaper article also points to the fact that the Federal Reserve has reduced their rates to zero which helps pull down mortgage rates. That has incentivized buyers into the housing market and increasing demand.
With limited options for existing homes and interest rates at historic lows, your incentive to build a custom home becomes even greater. Hopkins Builders has the experience and expertise to guide you through the process. Get in touch today to get started toward your dream home.
The Home Builders of the Greater Pee Dee will hold its 2020 Tour of Homes in Florence during the weekends of June 20 & 21 & 27-28 . Hopkins Builders will feature four finished homes on this years tour. This is a great opportunity to tour several homes by Hopkins Builders and many other local builders during these open houses.
Subdivisions with featured homes include Hampton Park, Cedar Creek, The Colony and Windsor Forest. All are discussed in our Featured Neighborhood page.
It appears that home sellers have pulled back due to the COVID-19 Pandemic. With so much uncertainty, sellers have decided to “shelter in place” for the time being. This situation has given the build option more weight as less homes come to market.
Some analysts predict a quick, strong come back to the housing market with several indicators pointing that direction. While the housing market is most likely to rebound, just how long this will take is a toss up.
One thing is certain, workers are ready to get back to earning a living, including the those in the construction industry. If you’ve been sitting on the fence about pulling the trigger on that new home project, now may be the best time to get started.
Interest rates are still incredibly low and banks are more likely to lend to less risky ventures like home projects.
Hopkins Builders can help guide you through the process and make your dream home a reality. Give us a call today!
A recent article in the Morning News reports that area real estate is in a “sellers market” according to the Pee Dee Realtor Association. By definition a “sellers market” occurs when demand to purchase homes increases over the supply of homes for sale, thus pushing prices higher.
The Florence area may not meet the definition of a “hot market,” like others around the country where buyers enter into bidding wars for existing properties, but the statistics do show that prices have increased by 7.5% from 2018 to 2019.
When existing home prices rise, the option to build your own home becomes more attractive. We’ve written about the many benefits of building your own home, but the basic advantage is that you will get a home that more meets your desires than some of the compromises that come with existing homes.
Hopkins Builders is a trusted builder in the Pee Dee area and can help you through the process with recommendation on house plans and building lots and neighborhoods. Give them a call today and get the home of your dreams.
The Home Builders of the Greater Pee Dee will hold its annual Tour of Homes in Florence during the weekends of September 28 & 29 and October 5 & 6. Hopkins Builders will feature three finished homes on this years tour. This is a great opportunity to tour several homes by Hopkins Builders and many other local builders during these open houses.
One of those homes is a plan titled “The Beauregard.” This home is in Hampton Park subdivision just off 2nd Loop Road.
In the city but in the country. In a well established neighborhood but new. The Colony subdivision has several seemingly contradictory terms that define it.
If you are looking for a high end neighborhood, that is hidden off the main thoroughfare but close to town, you may have found it here.
The Colony offers large half acre lots for homes around 2500 square feet. It’s adjacent to the well known, loved and established Forest Lake area. Although it seems to be in the country, it’s actually only seconds from South Cashua and West Palmetto Street. This is a premiere, secluded subdivision in the much sought after West Florence area.
Schools are Delmae Elementary, Moore Intermediate, Sneed Middle and West Florence High School. A Food Lion grocery store is less than one mile along with many restaurants. Magnolia Mall area is less than a 10 minute drive.
Get in touch with Hopkins Builders about building your dream home at The Colony at Forest Lake.
Millwood Run is a wonderful medium sized neighborhood in the South Florence area. This creek front community has ample green space and large lots. Located near the intersection of Alligator Road and Irby Street, right across the street from South Florence High School. Alligator Road will soon have an updated and widened roadway which will provide easy quick access to all of your destinations.
The homes in Millwood Run are all brick and currently valued at 250 to 350k (according to Zillow). Lot prices are about $35,000 and several are available. This area is zoned for Savannah Grove Elementary School, Southside Middle School and South Florence High School in the Florence 1 School District. If you have kids in Middle or High School, it’s only a couple of blocks to these campuses.
Get in touch with us today to discuss your new home in Millwood Run.
Middleton Point was developed on one of the last parcels of raw land closest to the heart of Florence. You can access this neighborhood from Damon Drive off Second Loop Road (see map below). It is surrounded by three well established neighborhoods including The Cloisters and Kirkwood. This area is zoned for Mclaurin Elementary School, Southside Middle School and South Florence High School in the Florence 1 School District. The Florence YMCA, a complete health and fitness facility, is within a short jog or bike ride. Many restaurants and retail stores are only a few blocks away on Irby Street including Chick-fila, Zaxby’s and a Super Walmart.
Middleton Point offers large lots with current homes averaging around 2300 square feet. The subdivision is designed for 82 homesites with about half that number still available for your dream home. Walking trails around two large ponds containing fountains are the center point of the subdivision. Contact Hopkins Builders today to discover how to make this premier community your home.
The Home Builders of the Greater Pee Dee is holding its annual Tour of Homes in Florence September 22-23 and 29-30. Hopkins Builders will feature three finished homes on this years tour. This is a great opportunity to tour several homes by Hopkins Builders and many other local builders during these open houses.
The first home for show is “The Hampton” in the Hampton Park Subdivision. It features three bedrooms and two baths. 1525 square feet of living space and the exterior is brick with some vinyl gables. Price range is from $150k to $200k. Click for Google map.
Next up is the premiere show home (pictured above), “The Bella” in Windsor Forest Subdivision. It offers four bedrooms and four baths. A brick exterior with 3100 square feet. Price is $450k to $500k. Note: this expansion of Windsor Forest Subdivision is so new it does not show up on Google maps yet. Take Wiltshire Drive all the way until you come to Edinberg.
Finally be sure to tour “The Livie” in Cedar Creek Subdivision. Very livable home with three bedrooms and two baths and 1870 square feet. Price is $100k to $150k. Click for Google map.
The tour runs two weekends with showing times on Saturday 1am to 5pm and Sunday 1pm to 5pm. Admission is free.
If you have any questions about the homes offered by Hopkins Builders, call 843-992-4697.
According to data released by the Pee Dee Realtors Association, the housing market in Florence and Darlington area is maintaining it’s growth.
In an article in the Morning News, the Pee Dee Realtor’s Association shared some insights into how the Florence/Darlington housing market is doing. Although some reports show the National housing market may be slowing, that’s doesn’t appear to be the case for the Pee Dee.
Some of the major indicators like number of new listings, median sales prices and days on the market saw improvement over last year. The inventory of homes for sale was also up, showing the market is good for buyers.
Darlington also saw gains with a 26.3% rise in the Median Sales Price year to date of last year. The Florence market, which is usually the strongest in the area, seems to be bringing adjacent counties up also.
You should take a look at the article if you are interested in the details. Several charts and graphs are provided.