Metro Detroit

NEWSLETTER: JUNE 2023

June 15, 2023

HERE AND GONE

BUT… MORE TO COME?

As we work through the annual mid-year audit of our website, there is a glaring, unavoidable detail that keeps surfacing: a lot of neighborhoods are being marked as either “sold out” or “nearing completion.” However, builders aren’t adding nearly enough neighborhoods to replace those that are finished or finishing up.

From our 2023 Preview to now, our June Newsletter, we are at a pace for what will likely be our lowest annual permit levels for single-family homes in Metro Detroit since the Great Recession.

And despite some of the other negative factors (we’re looking at you, interest rates), people still want new homes. The problem is, where to find them.

Online searches can be frustrating since many builders still seem to think the internet is a fad and refuse to update their websites; we recently looked up a neighborhood that is currently listed as “Coming Soon In Early 2018”.

On the flip side, some of the more internet-savvy builders adhere to elaborate email campaigns as they roll out neighborhoods, keeping you up-to-date for months on projected timelines for pre-construction pricing, lot availability, and deposits. But it only takes one missed email (or an accidental spam folder delivery), and all of a sudden you’ve missed the opening weekend with the first pick of lots, introductory pricing, etc.

That’s where we come in – whether it’s with one of our local builders, or with a national builder, we’re here to help. Don’t assume you’re seeing everything online; work with us, to ensure you’ve seen ALL the available options.


CURRENT LISTINGS

OUR NEW CONSTRUCTION COLLECTION

Lot #15 Whispering Ridge Estates June 14th 2023

LOT #15 | WHISPERING RIDGE ESTATES

Progress continues on this BRAND NEW/NEVER-BEEN-BUILT ranch floor plan by Strathdale Development. Featuring 3 bed/2.5 bath/2,450 sqft, a 3-car garage, and a ton of high-end finishes, we are excited to see this home take shape.

Located near Benstein & Glengary in Commerce, Whispering Ridge Estates is located in a particular section of the township that might be the only one which doesn’t require navigating 2-lane roads while winding around every lake in Oakland County, resulting in commute times that range from 30 min to the Donner Party. Yay! Connect with us for the details!


 

24191 TRAFALGAR CT | NOVI

Located near 10 Mile & Beck in the heart of Novi, and featuring award-winning/awe-inspiring/otherworldy/all-the-things Novi Schools, you can’t Novi any harder than this.

Built by Kensington Family Homes and priced at $975,000, this Ava floor plan features 5 bed/4 bath, over 3,000 sqft, and a 3-car side entry garage, along with all the luxury finishes you’ve come to expect from Kensington.

This home is now framed, so the window for customizing interior selections is closing quickly; now is the time to add your personal touch!

Connect with Lou and Jeff (if you’re already working with us), or reach out to Julie or Kim directly for the details.


OUR NOT NEW (BUT NEW TO YOU) COLLECTION

All of our current re-sale listings are under contract – YAY!


IN OTHER REAL ESTATE NEWS…

SAINT JOHN’S | PLYMOUTH TWP

The Planning Commission has approved plans for Pulte Homes to build 73 townhomes near 5 Mile and Sheldon, on the grounds of the Inn At Saint John’s in Plymouth Township. The Pulte family (no longer officially affiliated with Pulte Homes) purchased the resort/conference center back in 2021, and is selling this section of the property to the builder. From here, it’ll go to the township Board of Trustees, and then potentially back to the Planning Commission, before receiving final approval… [read more]

ROCHESTER ELEVATOR CO. | DOWNTOWN ROCHESTER

The Rochester Elevator officially shut down for good in April, and speculation begins for what’s next at the property located near Water Street and E. University Drive, on the east side of Downtown Rochester. Several plans have come and gone over the years, with the latest iteration gaining steam as developers push for a zoning change to the property. The current development team of Frank Rewold & Sons Inc. and Moceri Cos. is pursuing a multi-family project consisting of 11 two-story townhomes and 19 three-story live/work townhomes with first-floor storefront or creative workspace. Under their plan a portion of the property would be demolished, while the actual grain elevator would be spared and renovated… [read more]


BUILDERS: DON’T JUST LIST YOUR HOMES…

GET THEM IN FRONT OF THE RIGHT BUYERS!

Our website caters exclusively to new-home-specific buyers, so in addition to the usual audiences found on the MLS, Zillow, etc., we also bring you local buyers searching specifically for new homes, by creating original, organic content, and pairing it with a social media strategy that guides prospects directly to your listing; and we do it for less than what resale agents charge.

Get in touch to find out how we can sell your homes AND save you money in the process.


AGENTS: BECOME AN EXPERT…

WE ARE THE HOME FOR NEW HOME SPECIALISTS!

Join us. We are growing our national network of New Home Experts® agents across the United States and beyond.

If you are a builders sales rep looking for something different, or an agent/broker with a masterful level of experience selling or building new construction homes in your local market, we want to talk.

Set your business apart from competitors by focusing on this lucrative real estate sector; one that most other agents are either afraid of, intimidated by, or both.

Interested? Let’s chat about the life of an “expert” and if it’s the right path for your career.


CONTACT US

Questions about your new home search? Call or email us today – we look forward to hearing from you! Not ready for that kind of commitment? Check out our new-home-specific-search and email us incognito. Use a name like Jim Nasium. We’ll never know it’s you…

Lou Bitove & Jeff Bortnick, owners of The New Home Experts®, have more than 35 years combined experience in real estate, much of that with builders like Pulte & Toll Brothers.  They also provide market research for area builders, developers and national firms.  If you’re considering a new home, remember: the builders rep represents the builder, not you.  Work with the only local agents in Metro Detroit to specialize in new homes, and save money in the process – ask us how!

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