Our consumer research clearly shows that price-sensitive first-time buyers are willing to trade lot and home size for a better location these days. We have a subscription service and searchable database of photographs of the best designed homes called DesignLens, which highlights how high-density solutions can work across the country.
Initially, builders, developers, and municipalities in the south and southeast of Houston balked at the notion of buyers paying $200K+/- for a home on a lot less than 40 feet wide. However, suburban infill projects offering smaller homes, but better locations, shorter commutes, and affordability, are proving successful with high absorption rates. David Jarvis from our local Houston office below provides five great examples of suburban infill projects that have all achieved great sales success:
Stone Place, 9.0 sales per month, $183K to $210K, 35’ lots
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KB Home
Sommerall Square, 5.0 sales per month, $178K to $221K, 36’ lots
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Colina Homes
Sommerall Park, 4.5 sales per month, $168K to $205K, 35’ lots
(Link unavailable, sold out.)
Villages at Hanover (Townhomes), 4.0 sales per month, $170K to $185K
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Gehan Homes (Gray Point product)
Balmoral, 7.3 sales per month, $200K to $250K
Link unavailable
For help with higher-density solutions in your market and how to price this unique product, please contact David Jarvis.
