Homebuilders Gobbling Up Lots

Homebuilders are buying lots of lots these days.  Consider:

– Providence Construction and Mattamy each paid $65k/lot for 35 and 31 lots, respectively, in Crosswater at Pablo Bay off of San Pablo Road.  Homeprices are in the $300’s to $400’s plus.

– KB Homes paid $1.224M for 26.8 acres for what will be 72 lots in a new subdivision called Hillcrest Bluff on North Main Street north of JIA and east of I-95.  Prices will start in the mid-$100s.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on February 10, 2014, in Development, Land, Residential, Transactions and tagged , , , , , , . Bookmark the permalink. Leave a comment.

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