THE LOT BOOK NEWSLETTER
I love summer! Lots closing, foundations going in, homes being built… as a lotman, it doesn't get any better. Summer is also a time that new development opportunities become available. Over the past few weeks, I have listed some really cool new projects!
Click the links: Fox Valley - West Des Moines Woodhaven - Polk City Allerton Park - Urbandale Four Mile Four - Ankeny
Market Update: New construction and land development are strongly moving along in the second quarter of 2015. In the Des Moines metro, new construction sales were up nearly 17% from a year ago. The average sale price of a new home is $296,000, which is up about 7.5% from last year. This is more than likely due to increased lot costs, increased labor costs, and increased materials costs. Land developers and builders are still anxiously trying to find the answer to affordable, new construction housing (under $250,000) in the highly-coveted western suburbs.
Nathan Drew Closed Lot / Land Sales in Q2 2015
|Property||City||Lots||Acres||Seller Profile||Buyer Profile|
|Arbor Lake||Pleasant Hill||1||Bank||Custom Builder|
|DRA Acres||Ankeny||1||Developer||Custom Buyer|
|Highland Meadows||Urbandale||3||Developer||Spec Builder|
|Hilltop||Van Meter||1||Developer||Custom Buyer|
|Prairie Trail||Ankeny||19||Developer Spec Builder/||Custom Builder/Custom Buyer|
|Otter Creek Golf Course||Ankeny||1||Developer||Spec Builder / Custom Builder / Custom Buyer|
2015 HOME SHOW - Prairie Trail has been, without a doubt, one of the most exciting developments that I have had the opportunity to market. With its architectural designs, parks, and walkability, Prairie Trail in Ankeny is truly an amazing place. Don't forget to join us for the 2015 @DMHomeShow on July 11-12, 16-19, 23-26 @PrairieTrail. $10 for adults and $5 for kids. I look forward to seeing you there! #2015HomeShowExpo.