Monday, April 20, 2009

No Takers at Auction

While others debate whether Dale Thompson Builders may or may not be out of business one thing is certain, they are pretty much out of their uncompleted Scot’s Glen development in Columbia.

According to this item in the Howard/ Arundel Report, an auction was held earlier this month for about a dozen homes in various stages of completion and 18 finished lots in the community. The winning bidder for all of the properties was Susquehanna Bank, the lender for the project.

This is yet another indication of just how far the local market for age restricted housing has fallen.