Mesquite Nevada homes for sale and local builders have a new head wind, Sun City Mesquite. They are celebrating one year in the market with the announcement of construction of 41 spec homes. They were on “Talking Real Estate” yesterday and said the average base price was in the mid $130 per square foot.
During their first year here in the Mesquite market they basically only did pre-sale homes. They are changing that approach, becoming more aggressive and building homes as standing inventory. Brand new homes, finished , ready to move in, being offered with great incentives, and below $150 per square foot.
Seller’s of existing homes are not going to be able, any longer to ignore this giant standing in their backyard. The Mesquite Nevada real estate market for homes has changed forever. I remember saying that on Radiomesquite.com the day they opened, June of 2007.
This new approach by Sun City Mesquite,for our little market is like having a thousand pound gorilla in the room with you. The Mesquite Nevada homes market for existing has been selling on average above $160, this year, above $170 last year , and above $180 the year before that.
For the Mesquite Nevada homes marketthis is more than just a real estate cycle down turn, it is a new market, new competition. Pulte/ Del Webb, Sun City Mesquite also said yesterday on “Talking Real Estate” that the newest Mesquite Nevada Golf course will be open at Sun City late 2009.
Sun City Mesquite will be building new home here for many years. Based on the fact that the average asking price for existing homes listed over the past thirty days was over $175 per square foot it seems Sun City Mesquite is going to continue to do very well, and the existing home owners will have to wait.
For more information about Mesquite Nevada Real Estate.
Chris W. Miller
ERA Brokers Consolidated
Mesquite NV 89027