google bot detected Development Neighborhood Stage | Real Estate Glossary | Realestateagent.com

Development Neighborhood Stage


Definition of "Development, neighborhood, stage"

Joan  Rubenstein
  FC Tucker

Point at which a housing development becomes a neighborhood. After an initial housing development is sold and the new owners become established, the neighborhood stage begins. The construction of a housing development assures similar age and architectural design structures. In an economic sense, a neighborhood is distinguished by similar property values typifying a normal housing development. Neighborhoods usually have place names often identified with the original subdivision and have boundaries associated with streets.



Related Real Estate Glossary terms

Related Real Estate FAQ