Mesa Gilbert Lead In Phoenix Area Home Sales

Dated: May 8 2016

Views: 295

TM Realty @HomeSmart
Real Estate Made Easy
602-357-0641
www.tmrealtyaz.com
Text, "MesaGilbert" to 602-357-0641 to get a free property evaluation whether you are looking to buy, sell or invest.
_________________________________________________________________________________________________________________________________________________________________________________________________________________________

Mesa and Gilbert were the only two Valley municipalities to sell more than 300 new homes during the first quarter of 2016.

Mesa and Gilbert are leading the pack in new-home sales this year, according to Street Scout Home Values, an annual analysis of metropolitan Phoenix’s housing market done with the Information Market.

The analysis showed the municipalities were the only two in the Valley to sell more than 300 new homes during the first quarter of 2016, with 347 sales in Mesa and 301 sales in Gilbert.

Free Home Evaluations: See Valley home values, compare ZIP codes

Rising home prices closer to Phoenix's urban core are driving more buyers farther out to find homes they can afford, with homes priced below $400,000 in particularly high demand. Mesa and Gilbert are delivering, with more than 50 actively selling new-home communities each and median home prices in the low- to mid-$300,000s.

"Gilbert is perhaps, at this particular point in the cycle, the most desired address in the metro Phoenix area from a demand perspective. It's always been very popular for new homes, even throughout the downturn," real-estate analyst Jim Belfiore said.

"The recession hit Mesa far harder, I think because it's such a large geographic area and so diverse, but it's now doing really, really well relative to other cities," he said.

Mesa

Top-selling ZIP codes in Mesa this year — 85212, 85207 and 85209 — are concentrated on the city's east side, where incomes and education levels are higher and developments are newer.

Gilbert

Top-selling ZIP codes in Gilbert include 85298, 85295  and 85296, generally mirroring the top ZIP codes for single-family building-permits issued by the town, according to a map provided by Gilbert officials.

Top-selling subdivisions in Gilbert for new-home sales:

  1. Discovery and Encore at Adora Trails

  2. Seaboard at Cooley Station

  3. Union Pacific at Cooley Station

  4. Marquis at Morrison Ranch

  5. Artisan at Morrison Ranch

Top-selling subdivisions in Mesa for new-home sales:

  1. Encore at Eastmark

  2. Villa Rialto by Bela Flor

  3. The Palms by Horton

  4. Discovery at Morrison Ranch

  5. Americana at Mulberry

Source: Belfiore Real Estate Consulting. Data is from the period from mid-January to mid-March.

Reference Full Story: http://www.azcentral.com/story/news/local/mesa/2016/05/06/mesa-gilbert-lead-phoenix-area-new-home-sales/83566692/


Blog author image

Donette Monsen

About TM Realty Group: TM Realty Group is centered around Families. As a Family run business we understand what it means to work together through the Great and Tough times. We have over 45+ years....

Latest Blog Posts

Think This Is A Housing Crisis Think Again

Think This Is a Housing Crisis? Think Again.With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the

Read More

Recession Yes Housing Crash No

Recession? Yes. Housing Crash? No.With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in

Read More

HOW TECHNOLOGY IS ENABLING THE REAL ESTATE PROCESS

For Buyers,For Sellers,Housing Market UpdatesHow Technology Is Enabling the Real Estate ProcessToday’s everyday reality is pretty different than it looked just a few weeks ago. We’re learning

Read More

Americans Are Still Optimistic About Buying

Americans Are Still Optimistic About BuyingMarch 31, 2020Cities may be putting more social distancing measures in place to control the spread of COVID-19, but physical distance is not lessening

Read More