Sales of New Homes Up In The Coastal Empire - Local news, weather, sports Savannah | WSAV On Your Side

Sales of New Homes Up In The Coastal Empire

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SAVANNAH, GA -

Sales of new homes are up across the United States including the Coastal Empire. Real estate agents in the area are keeping busy.

The President of the Savannah Board of Realtors said new home sales are up 20 percent compared to last year.

Will Wenck finally found the place he'd call home after looking at more than 20 houses on the market.

"Just the way the market is now it was very feasible to buy a new construction home and it was roughly the same price as it would be for an existing home," said Wenck.

The new homeowner said getting rid of his former house wasn't bad either.

"When moving and selling my old house and buying this one the prices have actually risen and we saw a little more on selling our house and pretty stable on the buying market," said Wenck.

Having the housing market pick up is music to realtor Donna Davis' ears.

"Business is great. Interest rates are real low and people are coming out. We don't have enough inventory, we need more inventory on the market, so it's time to buy or sell," said the President of the Savannah Board of Realtors, Donna Davis.

Davis warns low interest rates aren't going to be around forever.

"I think people at one time were waiting on everything to start moving again and right now things are moving so if you don't jump in now you may lose your opportunity because the rates are so low," said Davis.

Deals on new construction can also be found.

"You can purchase a new home starting probably about $100,000 and they go all the way on up," said Davis.

Wenck said it was definitely the right time to make one of life's big decisions.

"When this came on the market with a new house it was exactly perfect, what we wanted," said Wenck.

 

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