Memorial Villages 2017 Review

2017 was a good year, especially for the upper high end market.  New construction prices are up and lots are selling about on par with 2016.  The middle market has seen some softening, with the exception of “move-in ready” homes.  For those not impacted by Hurricane Harvey and flooding it has been business as usual.   Flooded homes and lots are hitting the market and are selling at discounts often below land value.  Many residents in neighborhoods flooded due to the dam release are rebuilding.  What a statement that makes for the resiliency of these lovely neighborhoods.  A year or two from now they will be full of beautifully remodeled and new construction homes.  It may be a tough year or two ahead but I believe down the road these neighborhoods will shine even brighter after rebuilding.

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