Breaking Real Estate News. . . NO MORE New Homes??
HERMOSA BEACH, CA (Sept. 14, 2009) - Recent market analysis points to the face that this may be your last chance in a long while to buy a brand new townhome in Hermosa Beach. Construction starts are down and the tell-tale bulldozers sitting in front of old beach "tear downs" are nowhere to be seen. Why? Developers can no longer buy land locally, build a new property and make a profit. Until that changes, new home inventory is going to disappear. Builders with nothing to build have become remodelers, custom home builders for homeowners, or have been forced into an extra long vacation or early retirement.
Those buyers who waited for the market to decline, sacrificed and saved their money, maintained their credit rating, and kept their job and/or their business will find it difficult to satisfy their urge for that "New Home Smell". Hermosa Pointe Homes offers those buyers possibly the last chance to own a brand new home at today's discounted prices. The developer's early projections on prices for these townhomes were close to $1,500,000. Starting at just $1,099,000, Hermosa Pointe offers today's buyers an incredible opportunity that will truly disappear before you know it. It is possible that if you call our offices in 3 or 6 months and say: "Ed, I would like to look at new homes this weekend, could you show me some?", the answer may be: " I am sorry, there are currently no brand new homes on the market. I can gladly show you homes that are 5 or 10 years old. Would that be OK?".
Urban Pointe Development, the builder of these beautiful, 3 bedroom, 3.5 bathroom townhomes stated, "Although we are financially strong, unlike some of the other local developers, we are going to remain cautious on land acquisitions for the time being." One thing for sure is that buyers can buy with confidence knowing that the developer of their home is standing strong and will be around tomorrow for any warranty work required. Not something you can count on with some projects that have been either taken over by bankers, or have put some developers out of business.
What makes these homes special besides being one of the only brand new homes left? The low density site plan is one reason. Most lots in Hermosa Beach allow developers to cover 65% of the land with "building coverage". This site only allows 35% lot coverage, creating a tremendous sense of space and distance from neighbors. View ... probably one of the best views off of the Hermosa Beach strand. You can see from Malibu to Catalina with little to no chance of view blockage from future construction. Location ... located in prime North Hermosa, near the border of Manhattan Beach and West of P.C.H. Quality ... unsurpassed quality of construction in every detail of these outstanding homes, no expense was spared and traditional "upgrades" come standard. Green ... the first certified, Green Rated multi-home project built in the south bay offers today's buyers two of the greatest components of Green Construction: Saving Money and Saving the Earth.
2 homes are freestanding with no common walls. 2 homes feature yard areas. Each 2,000+ sq.ft. home features a panoramic ocean view roofdeck and interior ocean views, as well as on site guest parking. High end stainless appliances, including the refrigerator, come standard with each home.
If you haven't seen these homes, come visit them this weekend, they will be open from 1 to 4 pm on Friday and 11 a.m. to 5 p.m. on Saturday and Sunday.
Call 800-352-6250 x 211 for 24 hr. Recorded information
www.HermosaPointeHomes.com
