ST. PAUL PIONEER PRESS WWW.TWINC171fS C.OM D4F 1ON
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<br /> CONTINUED FROM PAGE 14A
<br /> Town sNAtiskot
<br /> homes WHO 8U E
<br /> V111 rJ . TOWN HOMES?
<br /> '*. ,::, . .First-time buyers
<br /> (continued) yp ,, iE= .Empty nesters
<br /> "In many areas, town homes r 7„ k s s tr -- .Retirees
<br /> have been appreciating at a 1s,� f 4144, .Twc-income (busy)
<br /> greater rate that] single-family I eV. households
<br /> Manes,” Lockner said, citing fan ?T"`
<br /> i eysC is Single professionals
<br /> 4yuodbuy, Oakdale and Hud- ,
<br /> son,Wis. rfk'+ + r
<br /> Sehiltz found that to be True 2" ta, �. v'
<br /> Ile put his Woodbury town $:/;41;7,1M14't „ such incentives as reduced
<br /> home up for sale in August to f ; � putts, free or reduced closing
<br /> I ellr to to Milwaukee, where '` :.i ,+. , ;,, , ' st costs ora year's worth ofasso-
<br /> lie s shopping (or another one rr:
<br /> A # ' .. cy e r ciabun fees.
<br /> Ills place took two months to a s `�
<br /> ..� fl' 'Up here,we're building a lot
<br /> sell, a little longer than expect -74 44.4)` - ' t itx, t}r ' F'
<br /> ,� b�t, ,. ,. pa: tC„H „ of homes on speculation,and we
<br /> ed. lu the end, he was pleased 1 : t,.s� .
<br /> r � } _ ��.�; , need to keel) turning these
<br /> will)the 3(1 percent appreciation ' "'` r °.; homes,” said Paul of D.R. flor-
<br /> in pi iCe. .. ton. —
<br /> "I got my asking price;" he L .t Scott Sim vice president of
<br /> said In this day and age,that's _ 41, , 4-4' e-4 sales for Pulte Homes Mtnneso-
<br /> great -- especially ally with the ,a?'t•., '� ." La division,�. � � n, s ud the Michigan
<br /> of mdmtin" "' , ,S�, x '°#' ex r . based company has goals to I
<br /> av . y 'sy�* r` `v, ` ';' sfi , - meet. "From our perspective,
<br /> .,,LITER-RING PHEN0MS ‘,11,{4# .4xti 4, 0°t �* 4-;.'.4'.'2`.::.
<br /> r 'kv "'a `a we're a publicly traded compa
<br /> `ii,¢ ", ' w�� *a 7 9,a, c. ivy, so there's always n interest
<br /> 1 mew t
<br /> �]�ghat are the east metro hot ,' in •lotto our unnther s;'he said.
<br /> V V its for town home con A ,r i 'w ;�.� i. "We offer (incentives) totally
<br /> sti ucbon? ,,; s r. s s"� ax s out of a response to market con-
<br /> Blaine.Apple Valley and For- ,�,r i t
<br /> � �. ,:,,,!,:,..,,,,4,,.. ddtons ' said Bob Swanick,
<br /> est Lake ranked among the top ' �<W,1 .r iff' regional vice president of Mori
<br /> t0 cites in town hone penmds h 'i t,.. •
<br /> da based Or1ui Thompson
<br /> between 2000 and 20(13, accord t' ' ( x homes. "We're accustomed to a
<br /> tug t o t he Mclropohtan Council. 1. - higher number of sales. When
<br /> Olhei s ill I.he top In were in :74-,.17,64,144,-,.....a we don't meet our objectives,we
<br /> the west metro area Mean "t . " a offer Incentives. '
<br /> VI Rosemount, Cottage ",4' Despite the current incen-
<br /> GI ove, fl ustings, Lakeville, Still- C'` tives, experts say the predicted
<br /> water and Woodbury ranked in CHRIS POLYDOROEF,PIONEER PRESS population increase in the area
<br /> the top 20 for town home Sue and Ron Swanson moved into their Cottage Grove town will continue to create demand
<br /> per mils. home last month after a foot injury made living in their old five- for town homes.
<br /> In Apple Valley,75 percent of level home impossible for Sue.
<br /> new construction consists of (hut SitaraIIiatl curb be reached
<br /> town homes, apaftments and In Apple Valley, her husband,Ron,were starling at flsitaromdulreirpiorreer
<br /> condos, said Rick Kelley, coin- to consider retirement and press.corr or G51-228 5472.
<br /> mainly development director. 75 percent decided the time was right for a
<br /> The demand for attached town home.
<br /> housing is high because Apple Ot tie\v construction They had no trouble finding —
<br /> Valley still has a relatively large one. Their new Pine Arbor
<br /> pet cent age of single-family consists of address in Cottage Grove is only
<br /> homes, Kelley said. "It's a con- half a mile from their home of 30
<br /> bitiatinn of lifestyle choice and tOW'ii [tomes, years.
<br /> cost,"he said. "I like the idea of living on
<br /> tuilders think that the lower ■ parilllcnts ah(a CO11(105. one level. I can move from one
<br /> xxis of entry-level (( mil room to the next, and cleaning
<br /> homes will keep drawing first- sized at Town&Country's latest is a lot easier,"she said.
<br /> Inuebnyetswellintothefuture. development, called Heritage
<br /> "More people can get into Square, under construction in ADDED INCENTIVES
<br /> their first home this way," said Maplewood, Nelson said.
<br /> Stephen Paul, vice president of "'They're laid out with a lot '[tor those interested in buying
<br /> the p1innesota division of Texas- more storage than most town 1� a town home, now could be
<br /> based 1).R. Morton, a leading homes." she said. They have the time, because some leading
<br /> builder of town homes in the the feel of a home:' builders didn't anticipate slow- _
<br /> state. "Instead of paying rent, Whatever the look, those ing home sales in recent months
<br /> Hwy)e building equity. and that who live in town homes can and are offering deals in sub-
<br /> will enable them to buy their attest to the convenience. tabs including Maplewood,
<br /> nexthnnw.' After Sue Swanson hurt her Hastings, Lakeville, Farmington
<br /> foot 18 months ago,she realized and Woodbury.
<br /> STYLES DIFFER she could no longer walk up and Cold weather and the boll-
<br /> down the stairs of her five-story days also see fewer sales. 'Po
<br /> r to please baby boomers, Collage Grove home. She and entice buyers, builders offer
<br /> 1 retirees and younger first-
<br /> time buyers, the styles of townm — - - -
<br /> homes are evolving with more
<br /> variety, said 'Tanury Nelson, a
<br /> spokeswoman tot- Illinois-based
<br /> Tow n&Country homes.
<br /> Storage space will lie empha-
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