High Point, NC (PRWEB) August 05, 2013
The real estate market is heating up in High Point this year. So far, numbers are up month-to-month for sales and things are improving for year-to-year comparisons as well. One of the hardest hit niches in the past few years has been new construction, particularly custom homebuilders. Construction resumes in The Estates at Quail Run after an interruption resulting from the struggling economy. With the average home in the Triad today priced at ~$145,000, the subdivision boasted a much higher appraisal value back in 2007. New construction for some time has not been competition for the fantastic deals to be had with foreclosed homes and short-sales of previously-owned homes.
Unique to the residential, new construction business, Duke Brothers is one of the most experienced and highest quality general contractors in the Triad. Having built the first NAHB Green™ home in High Point, the contractor has many attributes that helps them stand out. The Estates at Quail Run is yet another. Few custom home builders own large tracts of land themselves. With news of a possible buildable lot shortage for 2013/2014, the activity in the neighborhood is a welcome break from a drought of craftsmanship. With continued, healthy lending, a continued steady rise in real estate investment is anticipated.