Will 2013 be the new year of Phoenix Single-Family Home Construction?
Although we don't think we'll see the sudden splurge of construction that we did back in 2004-2005, 2013 will definitely be an excellent year for homebuilders, developers, and buyers looking to purchase new homes. There are currently almost 800 brand new homes (2012 built) for sale in the Phoenix area, and of these about 100 of them are over the $1,000,000 price point. The remaining 700 range in price from about $120,000 - $999,000, with about 400 of these under the $300,000 price point.
Builders & developers are on the search for good land, buyers are on the search for new homes, and with mortgage rates still really low it's a great time to buy!
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