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June 28, 2013 | | Comments 0

Low Inventory Leads to Construction on Richmond New Homes

Richmond homeAs buyers take advantage of still low home prices and mortgage rates, standing inventory continues to fall in Henrico County. In response to the decline in inventory, Richmond home builder, Boone Homes has started new construction in their four Henrico County communities: Villas at Grey Oaks, Westcott at Grey Oaks, Bellingham in Twin Hickory and Ellington at Wyndham.

After a busy May, many communities in Henrico County saw a decline, including Glen Allen. From May 2012 to May 2013, standing
inventory in Glen Allen declined by 9 percent from 368 to 290 units. As the housing market continues to strengthen, now is the time for buyers to purchase, so Boone Homes is providing them with more opportunities to own their dream home.

Located in Glen Allen, Villas at Grey Oaks features 85 maintenance free homes with prices starting from the $480,000s. While there is no current inventory at Villas at Grey Oaks, there is a beautiful home available for move-in this fall with more homes under construction. For more information on Villas at Grey Oaks, call 804-708-5130.

Located in the same master-planned community, Grey Oaks, Westcott offers buyers 65 all-brick estate homes priced from the mid-$600,000s. Residents at both Villas and Westcott at Grey Oaks, enjoy state-of-the-art amenities that include a pool, tennis courts, tree-lined sidewalks and natural pathways. There is currently one Richmond home available for immediate move-in at Westcott at Grey Oaks, with several others available for late summer and fall move-in dates. For more information on Westcott at Grey Oaks, call 804-708-5127.

Boone’s newest community,
Ellington at Wyndham, has new luxury homes coming soon. The first new neighborhood in the established Wyndham country club community in over a decade, Ellington will offer 56 single-family homes priced from $525,000. For more information on Ellington at Wyndham, call 804-708-5127.

Bellingham in Twin Hickory is a community of 59 maintenance free homes priced from the high-$300,000’s. Located in a master-planned community, residents at Bellingham in Twin Hickory enjoy a pedestrian-friendly neighborhood with sidewalks, swimming pool, clubhouse and tennis courts. Buyers looking to live a no-maintenance lifestyle have a few opportunities to call Bellingham in Twin Hickory with one home available now and several under construction with fall move-in dates. For more information, call 804-708-5126.

All homes build by Boone Homes showcase upscale features including granite countertops, stainless steel appliances, hardwood floors, tile backsplashes and more. Additionally, these spacious
Richmond homes include an ENERGY STAR package that helps reduce heating and cooling bills by 30 percent.

For more information on Boone Homes’ Henrico County communities, as well as their communities in Goochland and Chesterfield counties, visit
www.BooneHomes.net.

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