Oak Tree is modern, gated community that will offer residents a community that is perfect for living, working and playing. The community also enjoys a centralized location that make it desirable to residents that are seeking a good cost/value investment in a home that also boasts the trifecta of real estate : location, location, location.
A year ago in July 2020, in the middle of the pandemic, Pulte launched sales at Oak Tree in Oakland Park. From the moment they began welcoming potential homeowners into the sales center deposits were put down on homesites and within 48 hours they had sold a record number of homes.
The demand driving the sales was so intense that within a month prices had already risen. Since then sales at Oak Tree have only gained momentum and prices have continued to rise over the past year with some home prices rising over 35%.
Given all that Oak Tree will offer residents plus its centralized location, it should be no surprise that the homes there are selling like hot cakes.
In May 2021 Pulte delivered the first home at Oak Tree, but since then no others have been delivered. The cause of the delay is most likely due to delays in the supply chain of construction materials due to COVID-19. This trend in the delay of construction materials is one being experienced by builders everywhere. Demand is simply outpacing construction and builders are working steadily to catch up.
At Oak Tree, we can see from recent drone photos that Phase 1 is steadily rising, albeit no other homes have been delivered as of yet. Pulte has reiterated its commitment to constructing a quality home and while there may be a delay in delivering homes at Oak Tree, when new homeowners receive their home, it will be worth the wait according to Jeremy Needelman, Pulte’s General Sales Manager for Southeast Florida.
All images © 2021 Desiree Avila
Images are the copyright of Desiree Avila, Realtor® and their use is strictly prohibited without the expression written permission of Desiree Avila. Any infringement of this copyright will be prosecuted to the fullest extent of the law. Images shot by local Oakland Park photographer Michael Murphy.