You don’t need a report from me to know that new construction is booming in Plymouth, MN. In fact, the northwest Plymouth area was one of the first places to really turn the corner a couple of years ago as we bottomed out in the real estate market. Growth in 2012 has only accelerated and given the continued massive investment firms such as Gonyea and Lennar are doing in the area, 2013 and 2014 should see similar activity.
In the full year report for 2012, you’ll find the following comparisons:
Wayzata vs. Osseo
Wayzata schools – finished basements vs. not finished
Osseo schools – finished basements vs. not finished
Wayzata vs. Osseo – comparison of finished basements
Wayzata vs. Osseo – comparison with no basement finishing
The first data table is found below and compares the homes built in the Wayzata School District vs. the Osseo School District in Plymouth, MN. All homes were built in either 2011 or 2012 but they closed in 2012 (Jan. 1 – Dec. 31, 2012). The source for this data was the NorthStarMLS system – 13 County Metro. Search was performed by me, John Murphy, Prudential Lovejoy Realty on February 10, 2012.
Dunkirk Lane is currently a gravel road with no city sewer and water, but it is expected to develop over the next couple of years. Ground is just being broken right now on the newest Plymouth neighborhood called Terra Vista. Spring Meadows 2nd addition runs along the east side of Dunkirk Lane about one mile south of County Road 47. This area is all within the Wayzata School District.
Having a dedicated city park along Dunkirk Lane will make it even more appealing to develop other properties in the area. Rumor has it that demand for the new Terra Vista neighborhood is very strong even though they just started breaking ground this past week.
To say the Spring Meadows development, located in the Wayzata School District in northwest Plymouth, is doing well is to downplay just exactly how well they are doing out there. The neighborhood is being built out substantially faster than the developers expected. The demand for custom homes priced between $600,000 – $800,000 caught even the optimists off guard.
Feel free to check it out for yourself. Take a drive to northwest Plymouth. From downtown Plymouth at Highway 55 and Vicksburg, head north on Vicksburg about a mile and a half and you’ll see all the Spring Meadows new homes on the west side of Vicksburg.
In talking with the builders and the agents, the demand for new construction in the Wayzata School District does not appear to be slowing at all.
Other neighborhoods are also doing well including Taylor Creek and Woodcrest – both in the Wayzata School District. Hampton Hills is doing well although probably not at the same pace as Spring Meadows in part as it’s located in the Osseo School District. Osseo schools are good, but just not seeing the same demand as we are for Wayzata.
Recently I stopped in to see the grand opening of NIH Homes’ newest model in Spring Meadows located in northwest Plymouth. I had the opportunity to briefly meet and talk with the builder, Jeremy Skogquist. It’s a gorgeous home at 16040 54th Avenue, Plymouth, MN and is priced at $699,900. It has 5 bedrooms, 5 baths, a 3 car garage and 4,924 finished square feet. The home is located in the Wayzata School District and is listed by Jeremy Skogquist of Keller Williams Integrity Northwest. (Jeremy has given me permission to publish these photos).
All of this brings me to why I am writing this post…it’s a gorgeous, large home with many excellent details and finishings, but the one thing that immediately stood out, besides the stunning kitchen pictured below, is the massive and incredible mud room! I know family life well and I can tell you that builders almost can’t build a mud room large enough for families. That said, I think Jeremy and the team at NIH Homes may have achieved it! This room is very large and could even accommodate a large family of six kids all coming in through the garage door at one time like my family does all the time! (I don’t have the dimensions on the room but it felt like it might be about 10′ x 15′). The tile looks great and the lockers are sure to be enjoyed by whomever ends up buying the home.
The home is gorgeous and I highly encourage you to take a look at it to see what NIH Homes has done with it. The one thing I came away with on this particular plan is they have really thought hard about how families use space in their homes and they’ve done a great job of building a plan that works beautifully.
Spring Meadows has been a smashing success in northwest Plymouth. It is another new neighborhood developed by Dave Gonyea and Jake Walesch from Gonyea Development. (Note: they just announced their newest 128 home neighborhood called Terra Vista – also in the Wayzata School District). The custom home builders include Gonyea Homes, Hanson Builders, LDK Homes, NIH Homes and Homes by Tradition. They are building new homes in Plymouth generally priced between $600,000 – $800,000 (note that does include the lot price). Homes range in size from about 4,000 – 5,000 finished square feet. The lots are a 1/4 to 1/3 acre lots and the lots are priced from about $170,000 – $230,000.
One of the big draws besides the nice setting on the west side of Vicksburg Lane is the fact that this neighborhood is in the Wayzata School District. If you want to build new or buy a new construction spec home but you don’t care which school district you’re in, then you really should take a look at Hampton Hills which is directly to the east of Spring Meadows. You’ll have to drive through the million dollar plus homes in Taylor Creek to get to Hampton Hills but you’ll save a substantial sum of money as it is in the Osseo School District which doesn’t seem to have quite as much demand.
Spring Meadows is a new neighborhood located in northwest Plymouth, MN in the Wayzata School District – see Wayzata School District Boundaries Maps. It is in high demand for those who desire a custom home in the western suburbs of Minneapolis. Below are pictures of the neighborhood and the ongoing development that is occurring there. These pictures were taken in mid February 2012.
Home prices are averaging between $600,000 to $800,000 in Spring Meadows. Typically that will buy 4,000 – 5,000 finished square feet on about a 1/4 to 1/3 acre walkout lot. The neighborhood also has a pool and pool house as well.