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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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"I have used Russ to purchase and sell about 6 houses. He does a great job. He is very professional and keeps on top of all the details. He has always done a GREAT JOB for me."
- A.T., Green Valley AZ
"Russ is an incredible professional and I cannot think of a single area of expertise he wasn’t abreast of. Every question was answered promptly, accurately and pleasantly. He knows his market, he knows the industry and he knows people. He’s able to meet people on their level without being condescending. I would, and have, recommended Russ to others who are looking for a good and trustworthy Realtor."
- R.S., Green Valley, AZ
"Russ Fortuno is an exceptional real estate professional. He is personable, responsive and really knows the Green Valley real estate market. Additionally, Russ is a strong buyer’s advocate, good listener and business professional. He gave his honest opinion on places and did not push in any way. Living in Northern California, we required an agent who has a spectrum of knowledge about Green Valley as well as being able to navigate a transaction via long distance. Trust is key in all real estate business but really was crucial with our purchase. Russ showed us many properties prior to COVID, we ended up putting an offer on a property that we didn’t see until the inspection was completed. Having trust in Russ made our long distance home purchase possible. It was a little scary doing business this way but I can say that we are very happy with our condominium and Russ made such a purchase smooth and a relatively easy process. I whole heartedly recommend Russ to anyone seeking real estate in the Green Valley area, we will use Russ for all our future Green Valley real estate business."
- S.M., Redding CA
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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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