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Is Camping Out for Homes the New Norm?

EYA Company News

Is Camping Out for Homes the New Norm? Blog Feature

By: EYA Homes on April 16th, 2013

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This past Saturday, EYA unveiled its all-new architectural style at Arts District Hyattsville, and opened the final phase of townhome sales in the award-winning neighborhood that the company launched several years ago.

With just 61 available homesites, demand is higher than even we could have expected. Prospective buyers were told that sales would begin Sunday morning at 11 AM, on a first-come, first-serve basis. We arrived to find 10 eager buyers camping in line to be among the first purchasers of the new EYA homes.

It wasn't long ago that this was the norm for new construction. In fact, we have seen lines at the grand opening of many of our neighborhoods. But ten buyers in line well exceeded our expectations.

"It's no wonder," said Preston Innerst, Vice President of Sales & Marketing. "There is very little new construction available in urban locations such as Arts District Hyattsville. The contemporary architecture, energy efficient construction, and onsite amenities make it a very desirable place to live at a very desirable price point."

Add to that historically low interest rates and pent up demand that emerged during the housing downturn and "camping out for homes" may just well be the new norm. EYA will build the final 61 townhomes at Arts District Hyattsville, with the first move-ins planned for this October. The neighborhood's amenities and retail shops are completed and open.

 

About Arts District Hyattsville
Arts District Hyattsville is a 25-acre mixed-use neighborhood, just two miles from the District. Washington's most acclaimed eateries and shops are alongside new townhomes, luxury apartment homes, community center with fitness room, outdoor pool and onsite Metro shuttle. Now selling from the mid $300s. Open daily from 11 AM - 6 PM at 4541 Longfellow Street in Hyattsville, Maryland.

*Shuttle service is provided by the Seller on a trial basis. The Seller makes no representations or guarantees with respect to how long service may continue. The homeowners association may later incur additional costs for the Shuttle, should the community choose to maintain the Shuttle in the future.