Menu
Homes are selling in record time! According to this CNBC article by Diana Olick, the average home sold in May went under contract in just 34 days, beating April’s record of 36 days. Lennar has homes available to meet these demands and with Everything’s Included, you get the latest technology, upgrades and friendly Mortgage and Title assistance to simplify the home buying process. Find your home in one of our many beautiful communities across the nation.
If a “for sale” sign goes up in your neighborhood, don’t blink, you might miss it. The average home sold in May went under contract in just 34 days, according to real estate brokerage Redfin.
May’s number broke the previous month’s record of 36 days. Redfin began tracking this metric in 2010.
Homes are selling so quickly because there are so few for sale. More new listings did come on the market in May, 4.3 percent more than in May 2017. While that helped to increase the number of sales, it did not help the overall supply situation much because demand is so strong.
The total supply of homes for sale in May was 5.4 percent lower than a year earlier. Redfin recorded a 2½-month supply of remaining homes for sale at the end of the month. A six-month supply is considered a balanced market between buyers and sellers.
The shortage of listings continues to drive prices higher and incite bidding wars. Of the homes that sold in May, 27.6 percent went above their list price — another record in the markets Redfin tracks.
Interestingly, nearly a quarter of sellers in May dropped their prices, the highest percentage since September.
“Prices are still increasing, but not at the same rate we saw earlier in the spring,” said Redfin senior economist Taylor Marr. “While it’s still very much a seller’s market, price growth and rising mortgage rates may be pushing buyers to the limit of what they’re able to pay.”
Mortgage rates have been rising since the start of this year and are now hovering around their highest level in seven years. The expectation is that rates will continue to rise modestly through the second half of this year.
“Fortunately, the economy is strong and wages are rising,” said Lawrence Yun, chief economist for the National Association of Realtors. “If housing supply can be increased through new home building, then the negative impact of rising interest rates can be mitigated.”
The nation’s homebuilders have been increasing production, but slowly, and mostly in the move-up price market. Demand is strongest at the entry level, and supply here is leanest. That will continue to keep most markets competitive throughout this year.
Regionally, Denver is the nation’s fastest sales market, according to Redfin. The average home there is going under contract in just six days. Seattle and Tacoma, Washington, were the next fastest markets at seven days, followed by Boston and Grand Rapids, Michigan, at eight days on the market.
Have you been working hard on your garden this spring? Summer is just around the corner and with the change of seasons your garden might need a little extra TLC. Or maybe you haven’t started your garden yet and looking for what you can grow in the summer. We have you covered! Here’s 3 tips on how to keep your garden fresh and lush throughout the hot Tennessee summer and also a few plants you can get started today for delicious snacks and meals all season long.
Most of us save the watering for when we get home from work. It’s easy to handle as a nightly chore. But watering at night can be detrimental to your plants. The moisture and warm temperatures can cause fungus to grow. Instead, try to water your plants in the morning hours. Also be sure to avoid watering them during the middle of the day, the heat will make the soil quickly absorb the water and there will be little left for the plants.
The hot summer sun can quickly make waste of all your watering efforts but mulch can help. When you use mulch, it helps create a barrier to keep the water from evaporating as quickly as it normally would uncovered. You are not limited to one type of mulch either. You can recycle grass clippings and use that as an organic mulch, straw, or even landscape fabric.
As the temperatures rise, plants will need extra food along with the extra water. To keep your garden lovely, traditional fertilizers will do the trick. However, experts suggest reducing the recommended amount by half. There are also hose attachments that feed your plants while you water. Look at the various options and see what works best for you. And don’t forget to always wear gloves when handling fertilizers and wash your hands after.
Get Your Summer Garden Started
Don’t let the hotter weather deter you from starting a garden. Summertime is the perfect time to grow scrumptious cherry tomatoes, lettuce, radishes, green beans, and many herbs. You can start your garden in a large pot or a raised flower bed. If you have shaded areas of your yard, then lettuce is the perfect go-to veggie. Lettuce is one of the few summer plants that likes partial shade. Get your summer garden started today!
Stay connected with Lennar Nashville on Facebook, Twitter, and Instagram to learn about all our upcoming events, communities, and specials!
Covington, Wash. – June 2018 – Maple Hills by CalAtlantic, a Lennar company, is down to its final few homes for sale before Lennar opens a new phase of Everything’s Included® homes later this summer. With plans to open the model home on Saturday, August 11, the model will be the first Everything’s Included® home in this community and showcase the very latest in home automation features and technology.
“Maple Hills has been such a fantastic and popular community due in part to its charming location near great outdoor recreation,” said Bill Salvesen, Vice President of Sales and Marketing for Lennar Seattle. “So we’re really excited to begin offering Everything’s Included® new homes for sale here. It’s allows homebuyers to enjoy all the upgrades, bells and whistles in their new home without having to pay extra.”
The new Lennar model home will showcase the Lucerne floorplan, a two-story, 3,037-square foot home outfitted with all the high-end features and home automation technology that comes included as standard. The Lucerne also offers an open-concept layout that customers will love along with five bedrooms, three and one-half bathrooms, covered porch and back patio, upstairs bonus room and a two-bay garage.
Lennar’s upcoming phase of homes will offer homeshoppers nine distinctive floorplans in total that range in size from 2,703 to 4,122 square feet. As part of their signature Everything’s Included® program, these residences will also come with high-end features at no additional cost, such as stainless steel appliances, granite or quartz kitchen countertops, high-quality cabinetry and the latest in home automation technology all powered by Amazon Alexa.
Eager homeshoppers can learn how to join the interest list by talking to an Internet Sales Consultant by calling (855) 325-1502 or visiting www.lennar.com/seattle.
About Lennar
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.
Gilbert, Ariz. – June 2018 – Lennar is excited to introduce McQueen Landing, the latest community in the prime location of Gilbert. Grand Opening this summer, McQueen Landing will feature 90 single-family homes in a charming community that showcase brand-new home designs, plenty of outdoor recreational activities and a prestigious school district.
“McQueen Landing is nestled in a bustling neighborhood located only two miles from the completely rejuvenated Old Town Gilbert, home to Gilbert’s hottest nightlife, best restaurants and shopping,” said Alan Jones, Division President for Lennar. “With an inviting year-round climate, endless recreational activities available and great schools, the Town of Gilbert has something for everyone.”
Discover five floorplans ranging from approximately 1,927 to 2,267 square feet of living space including three to four bedrooms, two and one-half to three and one-half bathrooms and two-car garages. Homes feature a brand-new cutting edge two-story home design boasting spacious great rooms with expansive master suites, oversized granite kitchen islands and private courtyards.
Ideal for families, McQueen Landing is located on McQueen and Guadalupe, home to the prestigious Gilbert Public School District. The community also offers some of Arizona’s best outdoor recreational activities nearby, such as the San Tan Mountains Regional, Riparian Preserve at Water Ranch Lake and Veterans Oasis Park, ideal for hiking and exploring trails and wildlife. Plus, the US 60 is only two miles away, so you can enjoy more activities in the Phoenix Metro area and beyond.
McQueen Landing is located at 656 N. Bay Drive in Gilbert, SWC of McQueen and Guadalupe. Visit www.lennar.com/Phoenix or call 866-798-7775 for more details.
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.
South Florida’s No. 1 homebuilder, Lennar, will introduce its stunning new model home designs at the grand opening event for Lennar at Arden this Saturday, June 16.
Lennar at Arden is part of the extraordinary master-planned Arden ‘Agrihood’ – or agriculture neighborhood – the first-of-its-kinds in the region. The extraordinary community offers farm-to-table living with a sprawling central garden, miles of exercise trails, and thousands of acres of lakes, parks and lush green spaces.
The Lennar model grand opening event will take place the same day as Arden’s free Summer FunFest event from 11 a.m. to 2 p.m. Summer FunFest will officially roll out Arden’s phase one amenities, introduce the community’s two full-time farm managers and lifestyle director, and will feature music by the popular band Whiskey Six, food trucks, a corn maze obstacle course, face painting, and much more.
Lennar at Arden’s timeless and elegant collection of home designs offer:
Every home comes with premium features and finishes that are part of Lennar’s exclusive Everything’s Included® package. This includes Wi-Fi CERTIFIED™ Home Design, stainless steel appliances, granite countertops, wood-finish cabinetry, oversized ceramic tile flooring, and offers Home Automation activated and supported by Amazon and voice controlled by Alexa.
Lennar at Arden’s beautiful new model home collection and Welcome Home Center is located at 1010
Sweetgrass Street in Wellington, FL 33470, just off Florida’s Turnpike near Lion Country Safari. For detailed
directions click here.
Plumas Lake, Calif. – June 2018 – Lennar is excited to Grand Open their newest community to Plumas Lake, Sonoma Ranch, this Saturday, June 16 from 11 a.m. to 3 p.m. Prospective homeshoppers are invited to attend and enjoy complimentary treats, refreshments and tour the new model home.
“Sonoma Ranch is an ideal community for homeshoppers in search of a spacious, modern single-story home design with three and four bay garage spaces,” said Michelle Velky, Vice President of Sales and Marketing for Lennar Sacramento. “Offering up to five bedrooms and with prices that start from the mid $300,000s, this community is a great opportunity for growing families and first-time buyers.”
Lennar offers three single-story floorplans exclusive to Sonoma Ranch, each of which are available in variety of elevation styles. These home designs range in size from approximately 2,062 to 2,600 square feet with three to five bedrooms and two to three bathrooms. Each new home showcases an open-concept living area that effortlessly connects to the gourmet kitchen for maximized interior space, private master suites with spa-like bathrooms and walk-in closets and valuable Everything’s Included® features.
As part of Lennar’s signature Everything’s Included® program, every residence comes outfitted with high-end features at no additional cost. These include GE® stainless steel appliances, solar, granite or quartz kitchen countertops, high-quality cabinetry and the latest in home automation technology, all powered by Amazon Alexa.
The event will take place on Saturday, June 16 from 11 a.m. to 3 p.m. at the Sonoma Ranch Welcome Home Center, located at 2056 Earhart Way in Plumas Lake. For more information, directions or to view floorplans visit www.lennar.com/sacramento.
About Lennar
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.
Let’s face it, Maryland is one of the most beautiful states and we’re incredibly lucky to have so many places to explore close to home! Here is our list of Top Three Maryland State Parks and why you should visit them this summer.
About 30 minutes from many of our communities, Patapsco Valley State Park has something for everyone in your family! With over 16,000 acres of land, there is plenty of space to hike, bike, canoe, fish, camp and even ride horses! Visit the Department of Natural Resources website for more information by clicking here.
Gunpowder Falls State Park is one of Maryland’s largest state parks and also about 30 minutes from many of our communities. It offers over 18,000 acres of fun in Harford and Baltimore Counties. The park is split up into six areas, including: the Hereford Area, perfect for hiking and biking and the Hammerman Area with great picnic areas and a swimming beach! A visit to this park is a fantastic way to spend one of those long summer days with friends and family. Visit the Department of Natural Resources website for more information by clicking here.
About an hour from our St. Charles community, St. Clement’s Island State Park is one of the most unique Maryland has to offer. Accessible only by boat, tours take place every weekend from June through September 1st. The Water Taxi leaves from the St. Clement’s Island-Potomac River Museum in St. Mary’s County. According to the DNR website, “On March 25, 1634, the first English settlers under the Baltimore proprietorship sailed to St. Clement’s Island on the Ark and the Dove.” Along with a memorial for the first Marylanders, St. Clement’s offers hiking trails, fishing and picnic pavilions. Visit the Department of Natural Resources website for more information by clicking here.
Lennar Maryland has communities in Anne Arundel, Baltimore, Charles, Harford and Howard Counties. Click HERE to view what we have available!
To check out all of the state parks Maryland has to offer, click HERE.
Elk Grove, Calif. – June 2018 – Lennar is excited to Grand Open two new collections at Sterling Meadows, a new masterplanned community of single-family homes. Montage and Indigo unveil two collections of new home designs for sale that showcase smart floorplans and Everything’s Included® features at no additional cost. Complimentary treats, refreshments, activities, the chance to win a fabulous prize and model home tours will be available on Saturday, June 16 from 11 a.m. to 3 p.m.
“We are thrilled to Grand Open the model homes from our two new collections, Sterling and Indigo,” said Michelle Velky, Vice President of Sales and Marketing for Lennar Sacramento. “This new community has already received strong interest for its prime location with access to great schools, beautiful home designs and valuable Everything’s Included® package now with integrated home automation.”
Indigo at Sterling Meadows offers prospective homeshoppers four floorplans to choose from available in both single and two-story layouts. These homes range in size from approximately 1,603 to 2,617 square feet and provide three to five bedrooms with two to three bathrooms. Homes are priced starting from the low $400,000s.
Montage at Sterling Meadows offers four more unique floorplans to choose from with some of the largest homes available for sale at Sterling Meadows. With both single and two-story options, these homes range in size from approximately 1,969 to 3,033 square feet of living space. Homes provide three to four bedrooms and two to three and one-half bathrooms and prices start from the upper $400,000s.
At Montage, the Residence 3033 plan is one of Lennar’s revolutionary Next Gen® – The Home Within A Home® designs. Created for multigenerational families, this home features an attached suite with its own private entrance, living room, bedroom, bathroom and kitchenette. It’s the perfect space for extended family members such as aging parents, aunts or uncles, caretakers or grown children.
Every new home at Sterling Meadows comes outfitted with popular features and upgrades through Lennar’s Everything’s Included® program. Stainless steel appliances, quartz kitchen countertops, designer flooring packages, solar, integrated home automation products and more all come as standard, so homebuyers can have it all without having to pay extra.
Prospective homeshoppers are invited to attend the Grand Opening on Saturday, June 16 from 11 a.m. to 3 p.m. The event will take place at the Welcome Home Center, located at 8792 Piano Circle in Elk Grove. Visit www.lennar.com/sacramento or call (916) 562-3488 for more information.
About Lennar
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.
