New construction homes in viable neighborhoods by builders with a track record have been selling before completion during the past several years. W
All of the homes have been completed and closed. List prices had been just under $1M, but almost all of the homes sold above that price based on buyer-selected upgrades.
Quite a few new homes sell before they’re listed in the MLS. If you’re interested in new construction in a particular area, your best bet might be to check in the city’s database of building permits, which is updated frequently. You can also try to find a real estate agent who’s knowledgeable about new construction activity in the area – but our experience is that only a very few agents have in-depth familiarity with new construction activity.