Lakestone Village in Fuquay: why such low prices on resales

[KC to NC]

Originally Posted by DH8

KC to NC,Any luck selling the house yet? I am moving to FV from Charleston, SC and am interested in your house. From what you have mentioned in your posts, it sounds very nice.

Not yet! Feel free to come check it out! I sent you a DM with a link to see it online.
BTW, Royal Oaks sold all their inventory and now is has begun building 3 more homes this past couple of weeks. Hope they don't finish them soon so us resales can sell.

[lunadesign]

Not sure about the current resales, but David Weekley has just sold 4 more houses in the Pointe section of LSV in the past couple of weeks. That's six out of 7 of their new builds. I'm hoping it's a good sign in general for the area, however i'm sure it's not helping out those owners who are trying to re-sell at the moment.

[SaucyAussie]

Agree - I think people are being more conservative with house purchases now. Instead of extending themselves and getting a great custom home, people can buy a new production home and be just as happy. Once all the new lots are sold out, the resales may start to sell.

The worst mistake I think Lakestone made is to open up the new phases before the previous phase was finished. The result is 3 unfinished phases - even the original phase has tons of vacant lots.

[capt chill]

10 homes sold in the past 8 weeks here in Lakestone village. Weekly is starting 4 more homes in the next two weeks, Royal Oaks is putting in another 4 and has sold 5 and one of the last custom homes in the 1st section sold for 315K last week and has closed. Things are moving along now.