Wellen Park: Brand-New Homes Cost No More per Foot Than Resale
Does a new Wellen Park home cost more per square foot than a resale?
Does a new Wellen Park home cost more per square foot than a resale?
The October 14 episode reports almost equal median closed prices per square foot: about $248 for new construction and $250 for resale across its 90-day Wellen Park sample. Similar pricing makes the included features, homesite, terms, and timing more important to the choice.
The evidence in this episode
| Reporting sample | 179 Wellen Park closings over the preceding 90 days |
|---|---|
| New construction median closed price | About $248 per square foot |
| Resale median closed price | About $250 per square foot |
| Median time to contract | New construction 92 days; resale about 54 days |
These are reported closed-sale medians, not asking prices and not quotes for two interchangeable houses. A resale may include an established yard, window treatments, or a pool that a builder's base price excludes. A new home may offer a different warranty, layout, or incentive package. Put those differences beside the price before choosing a favorite.
How to apply it to your decision
1. Compare the home you actually receive
List the floor plan, lot, view, condition, and included features of each candidate. Identify the work or purchases needed after closing, including outdoor improvements.
2. Put the written terms side by side
Record the builder's eligible home, incentive deadline, financing conditions, and covered costs. Compare those with the resale's price, agreed concessions, and any needed repairs.
3. Add ownership costs and the moving timeline
Review property-specific tax, insurance, association, community, and club expenses. Separate an estimated build completion from a confirmed closing and consider any temporary housing costs.
What this comparison can—and cannot—tell you
A median across different homes does not establish equal value for an individual new home and resale. The episode's 90-day period also differs from the longer periods used in other episodes; their figures should not be blended into one trend.
Jump to a topic in the video
- 0:00 · New vs resale in Wellen Park ↗
- 0:23 · 179 closings, two prices ↗
- 0:43 · The time difference ↗
- 0:55 · What Wellen Park buyers should do ↗
Continue your Wellen Park research
Source and reporting date. Team Renick’s original Data Behind the Deal episode and published description ↗, October 14, 2026, TR-1014-DD-1. This written companion summarizes that source and explains how to use the comparison; it is not a verbatim transcript or a fresh calculation of the underlying market data.
Sales and inventory figures describe market activity, not Team Renick’s personal transaction record. For today’s conditions, view the Wellen Park market report ↗ and check the specific properties you are considering.
