Overall the Terravita real estate market had a good month with 9 homes going under contract in April. Like last month, it was not a standout month for Terravita sales historically speaking. But in the new world of greatly increased new home builder competition, it was a good month. Looking forward, Terravita should see a large month for sales in May as it did in 2015 and 2016, but there is a caveat this year.
Most of the competing new home builders realize that this is an important month for them also. Consequently, many have large buyer incentives ending this month to convince second home buyers not to wait until the fall to buy their winter home. But this May, Terravita’s largest competitor not only has good buyer incentives, they have a strong argument that this will be the best time to buy in their community ever. We shall see how that affects Terravita sales.
Here are the April 2017 Terravita Real Estate Market Statistics: