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Prime Real Estate: Affordability, availability on the upswing for homebuyers

[Photo courtesy of McKelvey Homes]

Housing trends have been on the upswing, especially for homebuyers looking for a home that’s affordably priced and new on the market. In fact, national trends show that it’s become affordable to purchase a home without breaking the piggy bank.

According to a Q3 financial report by REALTOR®, the affordability of new homes in 81 of the nation’s 100 largest markets, including the St. Louis area, has increased since the start of 2019. That’s nearly double from the 44 reported in the first quarter of 2019.

According to that same report, home affordability increased by 5% at the national level from September 2018 to September 2019.

Affordability has been spurred by growing incomes, lower mortgage rates and the constantly expanding inventory of new and available homes on the market. At a national level, home affordability also increased most noticeably in midsized cities in the Midwest and South, both of which are known for larger job markets and a larger inventory of homes on the market that are ready for purchase.

McKelvey Homes unveils new Designer Series in Clarkson Meadows

Savvy homebuyers know the advantages of being among the first to purchase in a brand-new community. McKelvey Homes is giving customers another great reason to buy in this sought-after location in Ellisville.

This month, McKelvey Homes is saluting its customers with free options on to-be-built homes in prime St. Louis and St. Charles county locations. Since every McKelvey home is built with dozens of deluxe standards seldom found elsewhere, this means buyers can add personal touches that make a home uniquely their own.

One of Clarkson Meadows’ most exciting attributes is its location in Ellisville, once ranked by Money magazine as one of the nation’s “25 Best Places to Live.” The community is situated in an established residential area off Clarkson Road, a half-mile north of Manchester. Nestled in the western suburbs of St. Louis County, Ellisville also features a sprawling parks and trails system and is home to multiple schools in the acclaimed Rockwood School District.

“As New Construction expands further and further to the west, we were extremely fortunate to acquire this piece of property,” Jim Brennan, McKelvey Homes’ president, said. “It’s close-in and surrounded by everything homeowners could possibly need or want on a day-to-day basis.”

Redevelopment of the Clarkson Meadows site is in progress. Construction of the display model is scheduled to begin shortly; and the neighborhood will consist of 13 McKelvey homesites along with the community’s current homes [25 homes all together], arranged around a cul-de-sac. Many homesites will have mature trees onsite.

The generously proportioned homesites are ideal for a hand-picked portfolio of eight plans from McKelvey’s top-selling Designer Series, all including a standard 3-car garage, 9’ ceilings on the first floor, extensive hardwood flooring, granite countertops, luxurious master suites and more. Pre-construction pricing will start from the upper-$400s, and the various 3- and 4-bedroom designs provide 2,283 to 4,015 square feet of living space.

On display will be the Muirfield, a sophisticated, 3,717-square-foot story-&-a-half with four bedrooms and 3.5 baths. One of the firm’s most popular home designs, the floorplan features a main-floor master suite and wonderfully open layout, with the dining room, great room, breakfast and hearth rooms revolving around a central island kitchen. Upstairs are a loft, spacious bonus room, and three large bedrooms, two served by a true Jack-&-Jill bath.

Clyde Oliver has been named community sales manager for Clarkson Meadows. During pre-construction, Oliver will work with prospective homebuyers at Bur Oaks in Chesterfield, where a Turnberry model is displayed and open for touring daily. 

“This gives customers the opportunity to preview a model very similar to the one that will be shown at Clarkson Meadows,” Oliver said. For up-to-the-minute information on Clarkson Meadows, visit mckelveyhomes.com, or contact Oliver at (314) 469-4446.

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