Dothan Real Estate Market Report – March New Construction

By: Judy Spears


http://www.judyspears.com

Construction will soon start on 22 new homes around Dothan, according to the number of permits issued in February. That is a big increase from last month, and is also more than were issued in February, 2008.

February 2009 Dothan residential building permits short term

The number of new construction homes listed for sale in the Dothan MLS continues to trend upward, reaching 245 listings this month. To me this means that just about all the new permits issued are becoming listings once they are completed. We have to be careful to remember that the increase in the number of permits issued doesn’t necessarily mean new home sales are picking up. In fact, there were only 11 sales of new construction homes in February. The average price per square foot was $109.84 and average days on the market was 96 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.

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