Following its launch last year in Charlotte, Fielding Homes, the single-family arm of Crescent Communities, has entered the Raleigh, N.C., market.
Fielding Homes will develop nearly 350 homes over several phases in Raleigh – approximately 100 home sites in Forest Ridge and 240 home sites in Trinity Creek. Both communities will feature homes ranging in size from 2,200-3,800 square feet. Homes in Forest Ridge, which are now under construction, start in the mid-$300s and will be available for sale this October. Trinity Creek pricing starts in the high-$300s and homes will be available for sale early next year.
Fielding Homes says it experienced immediate success in the Charlotte market since launching, and, based on sales activity during the first four months of 2017, the company expects to surpass annual sales goals for the year. Fielding Homes has two active Charlotte-area communities, Masons Bend in Fort Mill, S.C., and Paddlers Cove in Lake Wylie, S.C. Homes in Fielding’s third community, Chapel Cove in Southwest Charlotte, will begin selling this month.
“Fielding Homes’ success in Charlotte provides us with the early momentum needed to ensure Crescent’s new home building company is as successful as we envisioned it to be,” said Steven Francis, division president of Fielding Homes, in a release. “Raleigh is one of the fastest-growing cities in the nation. We are confident in our expansion and enthusiastic about bringing new and distinctive products to the market.”
The builder's first homes in Raleigh will go on sale in October.
Raleigh consistently has landed among the top markets for housing growth in the past several years, with a Realtor.com forecast ranking the Raleigh-Cary market 8th nationwide for home sales in 2017. The market placed 19th in BUILDER’s 2017 Local Leaders list, which ranks the top 50 new-home markets by closings, with 7,205 homes.
“We look forward to developing vibrant and successful communities that improve people’s lives in Raleigh,” said Scott Widener, president, single family and Fielding Homes for Crescent Communities, in a release. “This strategic expansion represents Crescent Communities’ increased focus on key markets and new developments where Fielding Homes is the active home builder.
