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.