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Channel: Real Estate News & Insights | realtor.com®Lisa Davis, Author at Real Estate News & Insights | realtor.com®
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Is a Homesite Worth Camping Out For? Dallas-Area Residents Think So

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Development in Prestwyck in McKinney, TX

First Texas Homes

What do people still wait in endless lines overnight for these days? The new iPhone? Tickets to the see the pope?

How about homesites in a Dallas suburb? A couple of dozen people camped out in McKinney, TX, one night this week for exactly that, according to NBC Dallas–Fort Worth. Why? Because there are 83 sites at Phase 2 of a development called Prestwyck, and it’s first come, first served.

Mike Russek, a Southwest Airlines employee who plans to move to McKinney from St. Louis, MO, wanted first crack at what he called the “premium lots.” A woman who is six months pregnant camped out because she wanted the corner lot. She told NBC, “I already have it picked out. I don’t want anyone to take it.”

More fodder for the campout: The first 10 served also got $3,000 in free upgrades. Construction won’t start until the end of the year, and move-in dates are estimated for July 2016.

McKinney, with a population of 156,767, has several times been named among the country’s fastest-growing cities, and its real estate market is growing wildly, too. One real estate agent said homes in McKinney “fly off the shelves.” The average home price there is $346,925, significantly higher than the state average, $215,000. Nearby Dallas, too, is one of the hottest real estate markets in the U.S.

The publicity seemed to have been very good for business—the developer told NBC-DFW that it expected the lots to sell within a day of being offered.

The post Is a Homesite Worth Camping Out For? Dallas-Area Residents Think So appeared first on Real Estate News and Advice - realtor.com.


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