Has anyone else seen the empty new homes seemingly abandoned littered across Riverside. I was up in Orangecrest last weekend looking at a house when I saw a whole street of empty houses. This was a small tract of 24 homes called Nandina. It looks like they only built about 12 homes. The sales office is now gone and all but one of the homes are sitting empty. These were built early last year and the asking prices started close to a million. The last time I stopped at the sales office they were down to the high 700s. Now they appear to have given up.
Another tract in the same area is the Gallery homes tract. This tract also has a bunch of empty homes. The sales trailer is also gone.
Riverwalk Vista looks to have given up. The last couple of times I drove past the gate was closed. It's hard to sell houses if the gates are closed.
Bridle Creek has packed it in. They have sold everything as near as I can tell but they are far from built out. The last time I was in the sales guy told me they had another 40 lots. I doubt they built more than 10 homes since that conversation.
I see Pulte is still putting up homes at Stellan Ridge. And still asking sky high prices for them. I whole bunch just hit the MLS this week. There's a few that have been built for some months now that haven't sold and they have another half dozen under construction. They are super nice houses but they are still priced a good $200k too high in my opinion. $800k is loopy for a tract house in Riverside.
What will become of these tracts. I suppose they may go to auction. Would you want to live in a half built tract? If anyone has info on these please post a comment.