[quote=Andrew32]Anecdotal of course, but in my new construction community in 92011 around 75 of the 123 homes are built. We’ve gotten to know at least 20+ owners, I would say 50% of them relocated from out of town. On my block alone, we have SF, DC, and Denver. There’s also LA, Minnesota, goes on and on.
Could be skewed if out-of-towners overwhelming buy new construction, especially when it was sold from the priority list, which makes the purchase process easier from afar in my opinion.[/quote]
I don’t know if out-of-towners would skew to new construction, given the existence of Redfin, Zillow, Zoom, etc. I would think those out-of-towners who wants to be near city center wouldn’t be considering 92011, while those who don’t care but want new would. I think w/ new homes, it’s easier to gather data, since everyone on your street is brand new in owner in the development, while older neighborhoods, you don’t have the ability to gather that kind of data.