There has been a steady increase in property purchases by developers. New subdivisions will be popping up all over the Phoenix Metro area. The top producers of these new communities are and will be in Gilbert, Mesa, Chandler, Queen Creek on the east side, and Peoria, Surprise, Buckeye, and Goodyear on the west side. New home growth in Phoenix is a response to demand, not speculation. Builders are committed to avoiding the pitfalls experienced in 2005-2006 of over-building.
The recovery in the home market it very evident. The median home price in the Phoenix area is $240,000, up 15% in 2012. And, new home sales are up 41% over 2011. If you are on the fence about whether or not to buy, now is probably a good time to look at Phoenix new homes for sale. Interests rates are still way down and home prices are rising.
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