1. Alara by D.R. Horton- 43rd Ave & Baseline

  • From $325,000-$400,000
  • From 1,240- 2,678 sq ft
  • From 3-5 beds and 2-4 baths
  • Range from 1-2 stories with polished chrome bath accessories, hardwood cabinets, upgraded laminate countertops and smart home technology.

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

2. Avance by Tri Pointe Homes in South Phoenix- 7th St & Dobbins

  • From $500,000-$800,000
  • Most luxurious development in South Phoenix
  • Gated community
  • Private pool on mountains
  • Private gym
  • View of Downtown Phoenix
  • 2000-4600 sq ft
  • 3-5 bedrooms and 2.5-4.5 baths
  • 3-4 garage

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

3. Tierra Montana by Taylor Morrison- 51st Ave & Dobbins

  • $450,000-$550,000
  • 2300-4000 sq ft
  • 2-5 bedrooms
  • 2-4 baths
  • 2-3 garage

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

%Laveen Tax Preparation & Accountant%Bookkeeper & Real Estate Agent Laveen

Conclusion:

  • The new construction market is very competitive right now with many builders asking for the highest and best offer and drawing randomly to see who gets to purchase a new home.
  • Many builders are forgoing building model homes and allowing buyers to build at design centers.
  • Price of new construction has gone up every month for the past 12 months.
  • Less builders are offering buyer incentives such as paying for closing costs.
  • Many buyers who bought 6-12 months ago have flipped their new construction homes for a 50-75k profit in one year but have to pay capital gains on the profit since they did not reside in the property for the past 2 out of 5 years.
  • Some reasons for the massive price increase include shortage of labor, lockdown of manufacturing facilities, increase in the price of building materials, low interest rates and a huge demand from out of state buyers.
  • Call 480-779-8579 for more information!