Raleigh’s building blitz: 3 new subdivisions hit the market starting in the low $400s
Arizona-based homebuilder Taylor Morrison is bringing three new subdivisions to the region this month — one in Wake Forest and two in the fast-growing bedroom town of Knightdale.
Among the selling points: Townhomes start from $350,000 and single-family homes start from $419,000 — about $19,000 over the median sale price in Raleigh in January based on Redfin data.
The communities combine “affordability and proximity without sacrificing quality or on-site amenities,” Mike Reynolds, Taylor Morrison’s Raleigh division president, said in an email.
It’s also much-needed housing amid a growing housing deficit and affordability crisis, he added.
Because of the interest rate “lock-in effect” — the phenomenon where homeowners cling to lower mortgage rates over taking out a higher rate to buy a new home — “low resale inventory persists,” he said. The effect can push prices up and contribute to a housing shortage. “We’re filling a need for new housing.”
Despite higher mortgage rates, “sales have remained stable thus far in 2025,” he said.
“Buyers have adjusted to the interest rate environment,” Reynolds said. Financing deals are also available, which “remain highly desirable to first-time home buyers.”
Here’s a peek at what’s on offer:
Forestville Station
Subdivision: Forestville Station
Address: 8737 Malmesbury Lane, Wake Forest, 27587, close to I-540 and I-40.
Housing: 2-story townhomes with lofts, patios and up to 4 bedrooms, 3.5 bathrooms
Size: 1,616 to 1,963 square feet
Parking: 1- to 2-car garages
Price: Starting from $354,999
Silverstone Townes
Subdivision: Silverstone Townes
Address: 457 Rowe Way Knightdale, 27545
Housing: 2-story and 3-story townhomes with up to 4 beds, 3.5 baths and 2,105 square feet
Size: 1,932 to 2,105
Parking: 2-car garage
Price: Starting from $349,999
Silverstone Terraces
Subdivision: Silverstone Terraces
Address: 457 Rowe Way, Knightdale, 27545
Housing: 2-story with up to 5 beds, 5.5 baths
Size: 2,344 to 3,080 square feet
Parking: 2-car garage
Price: Starting from $419,000
This story was originally published February 22, 2025 at 7:30 AM with the headline "Raleigh’s building blitz: 3 new subdivisions hit the market starting in the low $400s."
