Although the Texas housing market is red hot right now, especially around DFW and in North Texas, Houston-based Partners in Building are planning to expand into the Nashville-area market sooner rather than later. According to reports, Texas’ largest luxury custom home builder has purchased 124 homes sites in Williamson County and even negotiating for more land even beyond those 124 home sites they’ve already acquired.
Despite the luxury market in Williamson County being somewhat concentrated, it’s also one of the healthiest segments of the market right now, which certainly makes the move savvy to say the least. As noted by The Tennessean, 555 homes were sold in Williamson County for over $700,000 over the first 9 months of 2015, which accounts for 57% of the 979 total homes sold in that same period in Davidson and Williamson counties combined.
As of now, the plan is to build 108 high-end homes in a new subdivision called Meadows at Lookaway Farms, with each home offering a minimum of 3,800 square feet. Pricing for homes in Medows at Lookaway Farms is expected to be somewhere in the $700,000s and with site development work already in progress, construction for the first phase of 47 homes could start as early as June.