Sales of lots at an upmarket new homes community in the US have topped the $4.5 million mark, bucking a trend of slowing housing deals elsewhere in America.
Saluda River Club in Lexington, Columbia, has also sold $3.5 million in completed homes since its launch and is also seeing more contracts exchanged “each week”.
Designed as a community with a village atmosphere, the development also hosted the Columbia home builders’ ‘parade of homes’, which involved six luxurious properties in the ‘River District’ section of the community.
Six of them sold before the event began, and several housing builders have since bought additional lots in the section to build more homes, according to developers.
Andy White, partner with Lifestone Communities, which is behind the Saluda concept, said: “Of course we have expected great things from Saluda River Club because of the location, the schools, the neighbourhood design and the quality of the community.
“And it’s even more exciting now that Forbes has put Columbia in the top 25 hottest housing markets.”
Forbes recently published the real estate rankings, taking a close look at the strongest housing markets in conjunction with Moody’s Economy. Other cities in the south of the US appeared, including Birmingham and Augusta.
Saluda River Club also includes trails, swimming pools and access to the nearby river, plus a unique ‘village club’, a meeting place for residents aged over 21.
With prices for townhouse-style homes starting at $180,000 and single-family homes in the $300,000s, the ‘Village District’ of the project has several designs, and the ‘River District’ has homes starting in the $500,000s.
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