Will the price per square foot on resale homes be effected by the new builds in the area?

October 22, 2014

All four builders at the lakes at Centerra have completed their grand opening, the ?sold? signs are popping up on a number of lots throughout the development.


The price per square foot on a resale single family home near Centerra averaged $119 per square foot over the past quarter, where the new builds at the Lakes at Centerra average $154 per square foot.


It will be interesting to see if the new builds in and around the Centerra area, increase the average price per square foot on resale homes.