@natale_realtors Building a home in our area has gotten extremely expensive. I remember early in my career the going rate was around $150-200/sq foot for something nice. It could vary on both sides but that was the industry average. Now it’s between $300-400/sq foot. Doubling in cost in the past decade plus, with most of the gains in the last three years. Although some materials like lumber have come down from their highs, the prices of all the finishes have done nothing but gone up. When you factor in increased labor costs, it’s easy to see why the price has risen so much. Do you think the trend will continue going up? If you need to stay up to date with what’s happening in the real estate industry, especially here at the Jersey Shore, don’t hesitate to contact a Realtor at Natale today. — #natalerealtors #realestate #realestateagent #realtor #newjersey #fyp #realtoroftiktok #realestateupdate #newconstruction ♬ original sound – Natale Realtors
Building a home in our area has gotten extremely expensive. I remember early in my career the going rate was around $150-200/sq foot for something nice. It could vary on both sides but that was the industry average. Now it’s between $300-400/sq foot. Doubling in cost in the past decade-plus, with most of the gains in the last three years. Although some materials like lumber have come down from their highs, the prices of all the finishes have done nothing but go up. When you factor in increased labor costs, it’s easy to see why the price has risen so much. Do you think the trend will continue going up?
If you need to stay up to date with what’s happening in the real estate industry, especially here at the Jersey Shore, don’t hesitate to contact a Realtor at Natale today.