Profile picture for balushah

Normandy Estates

I'm not sure but probably Normandy Estates, Avignon, Red Wolf Estates, Point West, Deerfield North, Preston Lakes and King's Lake etc. started develpment at almost same time. All of the others are sold out or almost sold out but Normandy Estates didn't sell more than 5% properties. What is the reason behind this? Market was same for every community.
  • November 27 2012 - Plano
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Answers (6)

Profile picture for user4243648
They have prime location, expensive land and custom builders so probably instead of knocking down prices of million dollar estates they are waiting for market to bounce back to its peak. If they can somehow get it all zoned to PISD then problem can be solved quickly.
  • December 19 2012
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Profile picture for user987844
Its surprising that people don't like Grand yet they sold all of those overpriced homes on tiny lots in this economy ... just for location and PISD West. Toll seems to be doing well with Avignon as well regardless of power lines, water tank & tiny lots ... probably location and walking distance to Brinker,Renner/West/Rec center are enough to bring buyers.
  • November 28 2012
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Profile picture for user987844

I found this information on their website.

The community will include: 

  • 55 Estate Lots with sizes up to 1.77 acres and homes priced from $1,500,000
  • 49 Villa Lots with homes priced from $900,000
  • 37 Townhomes priced from $475,000

Normandy estate lots are situated in the highly rated Plano ISD, where excellence is the standard, with other lots in the highly acclaimed Lewisville School District. 

So basically everything starts from half a million, even LISD feeding town homes. Its a prime location but its very expensive to build million dollar spec homes so probably builder would wait for economy to bounce back or Toll Brothers will buy the PISD feeding land to use for $700,000 zero lot homes like Avignon. 

  • November 28 2012
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I think Naima gave a great answer and is probably right on track.
I think the other main reason is that Normandy has Carrollton Farmers Branch Schools, and many people consider the Plano ISD better.   Each has it's attributes, but in CFB this will be one of the highest end communities.
  • November 27 2012
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Profile picture for balushah
You are right. I was wondering because all of those were sold but Normandy is still sitting there. I guess it all boils down to the schools.
  • November 27 2012
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Avignon has had its struggles.  Several of the builders went out of business and the lots got foreclosed on.  Then Toll Brothers bought some and are building there.  The lots are super small and that huge water tower is an eye sore.  The best feature of the neighborhood is the clubhouse... IMO.

School districts drive the demand too.  Normandy is in Lewisville ISD when most people want to buy in west Plano for the schools.  I don't think there are that many properties for sale in there at this time.   One home is listed (overpriced IMO again) the rest depends on how the builders decided to spend their markeketing $$.

Deerfield North was not comparable to either neighborhood, the builder was not custom and the price range much lower of the others.

Pointe West has Grand building there, which many people don't like.

None of the builders in the other communities except for Red Wolf are custom like Normandy.

Naima

  • November 27 2012
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