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

October 22, 2014
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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.