New construction inventory has been one of the few challenges facing many larger markets across the country in recent months, and even here in the Duluth area to some extent. With mortgage rates still low and job growth all over on the rise, both home sales and home prices continue to rise in the early beginning of 2017, making it harder for some buyers to find and secure a new place to live.
If you’re specifically looking for a new construction home and aren’t finding something that fits your needs and wants that is already built, one alternative is purchasing a vacant lot and building your dream home from the ground up.
Like existing new construction homes themselves, finding a vacant home site in a location you want can also be a somewhat challenging endeavor, especially when market conditions are thriving. But over in one of Duluth’s newest housing communities, plenty of lots are still available, and even for the right price.
Called Hawk Ridge Estates, this ideally positioned neighborhood sits up on Duluth’s far northeast side, providing future residents with plenty of peace and quiet and a forested ambiance that’s hard not to love if you’re someone who values privacy without too much seclusion.
As of now, smaller lots for sale in Hawk Ridge Estates start at just $65,000, while larger home sites up to 0.48 acres reach as much as $84,900. For a closer look at what’s currently on the market, check out any of the listings below, or feel free to give us a call today at your earliest convenience for help with your Duluth area home search today!
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