New 70 Home Quadrant Development in Poulsbo
By Admin
The North Kitsap Herald reports that Quadrant Corp will be breaking ground on a new 70 home development on Urdahl Rd on Poulsbo’s west side. The article implies a new buyer demand for new homes, but we don’t see any large rise in the buyer market. Instead, it appears that buyers have shown a preference for well priced new construction over resale properties. The first Quadrant development at Stendahl Ridge put downward pressure on the Poulsbo resale market. Other new construction developments such as Poulsbo Place II have also succeeded by bringing pricing in line with the market. The article points out other new construction projects where sales remain slow.
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