In California, newly constructed homes are significantly cheaper than existing homes, differing from national trends. Buyers pay 24.7% more, averaging $193,682, for existing homes. New homes are typically located in less expensive areas, away from major cities, where competition is lower. Builders offer incentives like rate buydowns and may cover closing costs or provide rebates to sell properties quickly. This trend is likely to continue as the gap between new and existing home prices remains substantial.
Newly constructed homes in California cost significantly less than existing ones, with buyers paying an average of 24.7% more for homes already in place.
Home builders often offer incentives like rate buydowns and cover closing costs, reducing the upfront price of newly constructed homes.
Collection
[
|
...
]