156 New Homes on Clements Ferry: What It Did to Home Values

Every few weeks, another headline drops about more homes coming to Clements Ferry, and the reaction is almost always the same: great, more traffic, more accidents, there goes the neighborhood.

Given what I told you last week is making my buyers hesitant...

You're not wrong.. entirely.

I pulled the actual sales numbers this week, and there's a side of this story nobody's talking about.

It's worth your two minutes.

1️⃣ Yes, the rooftops are real. Here's the actual count.

In just the last 12 months, at least 156 brand-new homes closed out here on our stretch of the corridor.

Not planned, not proposed.

Closed.

And that's before the roughly 1,000 more units the city has approved or under review across Clements Ferry.

Not that you needed convincing but the growth is not hype.

If it feels like there's construction everywhere, it's because there is.

2️⃣ The part nobody says out loud

I hear the frustration. More rooftops, more traffic, more cranes on Clements Ferry than any of us signed up for.

Fair enough.

But the boom everybody loves to complain about quietly padded your bank account.

The median existing home out here sold for about $665,000 this past year, up from roughly $623,500 the year before.

That's around $41,500 more, on a house you already owned, in just 12 months.

If it ever really gets to be too much out here, at least the growth that's driving you crazy handed you the money to leave.

You're not stuck.

You've got a way out whenever you want one.

3️⃣ Why more building pushed values up, not down

It comes down to comps.

Those 156 new homes closed at a median near $837,000, some well past $900,000.

When brand-new homes set prices that high, they don't compete your value down, they reset the ceiling the whole corridor gets measured against.

Existing homes rise in that wake, not underneath it.

To be straight with you, I'm not going to claim the new construction alone made you richer. Plenty goes into a market.

But the fear that all this building (and added traffic) would sink your value simply isn't showing up in the numbers.

If anything, it's been a tailwind.

So here's the takeaway, and it's a good one.

The growth everybody loves to complain about is quietly the reason your equity is up.

Same boom, completely different story depending on whether you own a home out here or not.

And if it ever really does get to be too much, at least it handed you the means to do something about it.

I pull these numbers for my clients weekly, and I'd rather you hear it straight than piece it together from headlines.