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You are here: Home / Blog / Market Trends

Buyers more likely to buy existing homes vs. new construction

March 6, 2019

Existing Homes Vs. New Construction

Many people believe that when it comes to real estate, buyers want something brand new. But according to a recent report, the vast majority of buyers end up purchasing existing homes.

According to the New Construction Consumer Housing Trends Report 2018, only 38 percent of buyers in 2018 even considered purchasing new construction. And the percentage that ended up buying a brand new home? Only 11 percent.

The study results reveal three key areas that influence home shoppers who considered new construction but ultimately choose an existing home — location, timing and price. The appeal of a new home is often outweighed by limited models, availability, “cookie cutter” neighborhoods, and the fact that buyers might wind up putting a lot more money into their purchase — and sooner than they expected (landscaping, window coverings, for example).

If you’ve been thinking about selling your house, now is a great time to make a move. With 89 percent of buyers ultimately purchasing existing homes, your property is exactly what a huge portion of buyers are looking for.

Filed Under: Market Trends Tagged With: New Construction

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"Russ has done excellent work for us. I have purchased several homes over the years and he is the best I have worked with. We chose Russ on a recommendation from a family member. He didn’t try to sell us on him or his firm. No “fluff talk”, pestering, unnecessary calls, emails or text. Instead, he showed us properties we were interested in and some that we were not aware of. Never felt the least bit of pressure. He was very patient, pleasant and responsive. He has a very relaxed yet professional style. He explained everything in a manner that was easy to understand and we felt very secure throughout the process. He is the best ever. In our mind he is the gold standard of what a Realtor should be."
- N.L., Green Valley AZ
"Very professional approach to all aspects of our transaction. His handling of this purchase allowed us to have total confidence that we were being represented by the best real estate agent for us. I would have no reservations in recommending Russ Fortuno to anyone else looking for a RealEstate Agent! "
- D.L., Green Valley AZ
"It’s hard to know where to start. Russ walked on water for us. He must memorize every listing the morning it lists. He knew exactly what we wanted and found our perfect house the morning it came on the market. We came from northern Washington and had already checked several other communities before deciding on this area, and Russ refined our search to meet our needs. Russ was prompt, quick to respond to our phone calls, always kept us in the loop, and just a pleasure to work with. He was on top of every detail and brought us to closing a day early. Yay Russ!"
- C. C., Sahuarita AZ
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and year-round Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

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