For example, Lennar Minnesota has an excellent Pinterest page and is having lots of people re-pin its photos. I don’t think anyone at this point can specifically point to new transactions because of it but it will be an important way for builders to reach their customers and prospective customers. I believe it will be more influential on the overall relationship with new home buyers than the MLS.
If you’re a home builder, remodeler or designer, you need to build a presence on Pinterest now.
The Parade of Homes Spring Preview is set to begin this coming Saturday, March 3, 2012. It is free and open to the public. You just need to show up to the various homes you’d like to see.
This year there are about 350 homes available on the Parade, and while this is a far cry from the peak when it was 1,100 – 1,200 homes, this is likely to be the first year where builders have finally moved beyond “cautiously optimistic” as it is setting up to be the best Parade of Homes since the housing market downturn.
It has been 5 or 6 years since we’ve seen this many Parade Homes available in Plymouth, Maple Grove and Medina Minnesota. Buyers are back and there is a lot to choose from in terms of neighborhoods as well as national home builders versus smaller custom home builders. Single family homes will range from about $425,000 up to $1.5 million on the Parade.
Plymouth, MN continues to be one of the leading communities in the Twin Cities in terms of new builds. New construction is going up at quite a pace in northwest Plymouth. I’ve put together a new report with the following information.
Number of New Homes built and sold year to date
Average Sales Price
Average Price per Square Foot
Complete with pictures when available
Neighborhoods included will be:
Lennar’s Taryn Hills
Pulte’s The Willows
Please fill out the form below to receive your report.
The BATC is out with it’s latest hot sheet for the month of September. As BATC president, and co-owner of Imperial Homes, Rich Riemersma is quoted as saying, “the regional residential housing industry has remained in a holding pattern for almost three years, but we continue to see promising signs.” There are pockets where business is doing well, but there is still definitely a cautious tone for the builders.
As I’ve noted many times before, Plymouth continues to be a standout area for new construction and not just in the Twin Cities. It’s quite remarkable what’s happening here as many of the home builders across that nation are really flat on their backs.
Here’s a brief driving tour of Hampton Hills and Taylor Creek in northwest Plymouth, MN. The clip was made September 25, 2011 during the Parade of Homes. This tour shows some of the areas where the future development will be built.
While much of the news about new construction and new home sales has been dreadful this year, the northwestern suburbs of Minneapolis have been a shining light. Specifically, the new developments being built in northwest Plymouth are quite remarkable. Twin Cities KSTP did a story on the build out of northwest Plymouth.
Below is a brief video I did as part of my coverage of the new development going on in Northwest Plymouth. The expansion is quite remarkable and has surprised a lot of people – pleasantly I might add. Buyers seem happy as they can purchase nice new homes at a substantially lower price than they could a few years ago and builders and developers are selling lots and homes. The city is happy because they are paid substantial sums for permits and of course they will generate new property taxes. The Metropolitan Council is happy because of the hook up fees for sewer and water. Realtors are happy because it means more transactions and thus more commissions. I suppose the only people not happy about this are the home sellers who have 10-40 year old homes in Plymouth that are trying to compete with the new homes in the $500-$800k price range. It’s very, very difficult on them.
That said, this video originally was published on my other site at John Murphy Reports. There will be more videos published regarding the continued build-out of Northwest Plymouth, MN. Below is a brief video tour of two of the new neighborhoods: – Taylor Creek and Hampton Hills. This video was done much earlier this summer.
If you don’t want to wait for other posts with additional video footage, you can check out my Youtube page.