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Harbor Custom Development, Inc. Closes 29 Lots for $4,338,300 in Sacramento Metro Marketa??s Darkhorse Golf Course Community

Gig Harbor, Feb. 24, 2021 (GLOBE NEWSWIRE) --
Harbor Custom Development, Inc. (a??Harbor,a?? a??Harbor Custom HomesA®,a?? or the a??Companya??), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed on 29 developed lots for $4,338,300, bringing its total to 65 in the Darkhorse Golf Course community 50 miles northeast of Sacramento in Auburn, California.A A  The Darkhorse Golf Course lots average a half-acre in size and provide scenic views of the beautiful four-star rated course and hill country setting. A Harbor Custom HomesA® anticipates commencing construction of 4- and 5-bedroom luxury homes priced from $900,000 to $1,200,000 beginning in the second quarter of 2021.A  a??I am very pleased with our acquisition teama??s rapid execution on accumulating the Darkhorse lots. Housing inventory is extremely limited within the community and at this time there are no available newly constructed homes listed for sale in Darkhorse. Growing our footprint in the Sacramento metro marketplace is a significant accomplishment for the Company. Urban flight from the Bay Area and Silicon Valley to the less populated bedroom communities like Auburn provides for a steady stream of move up and luxury buyers that significantly reduce inventory levels in these areas causing home prices to increase,a?? stated Sterling Griffin, President and CEO of Harbor Custom Development, Inc.About Harbor Custom Development, Inc.
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