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Sell and upgrade or wait till new development

Looking for advice and a second opinion. I purchased a townhouse in an unfinished neighborhood in 2017 for $227k and have around $200k left on the mortgage. As of right now, three neighbors have sold for around $300k for similar units, and two more are on the market for the same amount of money in my neighborhood. Here’s the catch, I’m on the HOA board and we just spoke with a developer who purchased “phase III” of our townhouse development and is going to finish the 14 additional units that will be priced around $400k-$450k. They break ground in September and will be done in around a year. My question is do we sell before the units are built, do we wait until the first couple are built to “draw attention”, or do we wait until the units are all built. We aren’t in too much of a hurry, but the current house will not be conducive to raising a family.

submitted by /u/KronosKid
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source https://www.reddit.com/r/RealEstate/comments/ga2dmr/sell_and_upgrade_or_wait_till_new_development/
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