In the message below, Director of Real Estate Sales Eric Johnson offers a look back at the Rivers Edge community and a peek ahead.
“A new year is well underway, and I thought you might be interested in a few 2010 highlights, as well as a projection or two for 2011.
Eight homesites were sold in 2010 for an average sales price of $103,785.00. We also had three Gallery Townhomes sell or go under contract for an average sales price of $211,333.00. Additionally, there was a large home along the Shallotte River and 16th Green that sold for over $700,000.00.
As for new construction, we were pleased to see the completion of four new homes in 2010, with three more currently under construction. With construction prices as low as they have been in years and interest rates at all time lows, it makes sense that many of our residents are taking advantage of the current opportunity to build their dream home – getting more for their construction dollar than they ever thought possible.
All indications are pointing to an increase in sales over 2010 numbers for this year. While it’s difficult to forecast an increase in values for our community, we do predict more sold properties this year and we are certain that we’ll see more people taking advantage of the tremendous opportunity to build.”