I’ve always thought Crescent Village town houses were both innovative and perfect for those wanting the “new urban” concept–a mini village cut from greenfield.. It’s quite close to our new hospital, and I’ve envisioned busy hospital people, not wanting yard-care, and wanting a central location as the buyers of the town houses on Lord Byron Place.

The market has been slow to respond to the townhomes, with only about 1/3 of them being sold to residents. (In fairness to the development, housing around 500K in price has been particularly hard hit during the recent credit and housing crisis.) About 1/3 of the houses are still owned by the three builders active in the project. And about 1/3 of the houses are owned by the developer or banks.

I’m sensing buying opportunities here. We have historically cheap interest, and the builders, developers, and banks will be eager to cut a deal. If you’re looking for chic new urban, this project is worth a look.

If you’d like to see them, give me a call at 517-6543 and I’ll be glad to show them to you.

Crescent Village: Eugene’s new Urban.