Daily Real Estate News | Monday, March 12, 2012 A growing number of reports are revealing higher interest from buyers in real estate, prompting an analyst with Credit Suisse to upgrade five homebuilder stocks, sending several builder stocks soaring Friday. Three stocks — DR Horton Inc., Lennar Corp., and Toll Brothers Inc. — were upgraded...
Hawthorne Park Estates, has been in the making for almost a decade. Hawthorne Park on Union Chapel Road was one of the most popular developments in Allen County during the building boom of 2001 – 2005 and Joe Zehr, president of NPT Development had his eye on the next phase. Plans were underway, waiting for the market to return.
Since the completion of the project in December, interest has been extremely robust. The following excerpt from the Fort Wayne Journal Gazette describes the popularity of the project despite the fact that it caters to one of the smallest segments of the market.
“Admittedly, it is a small segment of the market, but there is a demand for it,” said Zehr, who hopes to eventually complete a high-end subdivision with 59 homes surrounded by lakes in a park-like setting. “Our first phase is 32 homes, and we have 11 sold so far. With homes ranging from half a million to a million we’re not going to sell 50 houses a year.”
Hawthorne Park is less than 10 minutes from Parkview.
“Doctors could ride their bikes to work if they wanted to,” Zehr said.
For more information about building in Hawthorne Pare Estates, contact Kim Ward at The North Eastern Group or any North Eastern Group REALTOR. At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.
North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.