dothanhomesearch.com

By: Judy Spears


http://www.judyspears.com

Fourteen permits were issued in December for new homes to be built in Dothan, down just slightly from last month and December, 2007. Last year was hopefully the year the new construction market in Dothan hit bottom. The numbers from the last six months of 2008 were actually must better than the same period in 2007, with 132 new homes started in 2008 versus only 108 in 2007. Hopefully this upward trend will continue.

As you see on the chart below, we are still at the lowest level of new home starts in the past three years. We fully expect new home sales in Dothan to remain steady at current levels or slightly increase this year.

There are currently 214 new construction homes listed in the Dothan MLS, about the same as last month. The bad news this month is that there were only eight sales of new construction homes in December, with an average price per square foot of $108.60 and average days on the market of 154 days.

If you have an interest in building or purchasing a new construction home, give me a call or use the contact form. As a Certified New Homes Specialist (CNHS), I have extensive training in the new home market and would be happy to consult with you on your real estate needs.