Toll Brothers halted sales at its 45-home Lyondale Meadows community in Newtown, with prices starting at $1.6M, after overwhelming demand.
[This is just indicative of Newtown's affordable housing problem. For more on that read "Bucks County Affordable Housing Crunch Deepens - Especially in #NewtownPA."]
The Fort Washington-based luxury homebuilder opened sales earlier this month, and in just one week received 21 deposits, with buyers choosing options that raised home prices to $2 million.
“We actually shut down the action it got so hot,” said Toll Brothers CEO Douglas Yearley Jr.
Homes in the Newtown development will range between 3,520 square feet and 5,000 square feet and have four or five bedrooms.
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