Manufactured Homes Hit Seven-Digit Milestone, in California, meaning for under $200k on the Texas coast.
Manufactured homes often sell for more than $1 million in the California coastal community of Paradise Cove, with one selling for $2.55 million earlier this year and another going on the market last month for $3.75 million. See slides-show at wsj.com/articles/rethinking-the-double-wide
Putting It All Together Making the Move to Modular Manufactured Home Industry Faces Hurdles The homes feature hardwood floors, high-end appliances, granite counter-tops, and other upscale features, but the prices also have a lot to do with the community’s location on a bluff overlooking the Pacific Ocean.
Wealthier buyers now are entering the market for factory-built homes, mainly as retirees look to downsize and soaring home prices in particular markets make manufactured housing a more affordable option.
Design trends have tracked those in conventional site-built homes and these are built better, many are hurricane resistant and more energy efficient.
Look for them to take off on the Texas coast soon.
via Manufactured Homes Hit Seven-Digit Milestone | Realtor Magazine.