Range from 1-2 stories with polished chrome bath accessories, hardwood cabinets, upgraded laminate countertops and smart home technology.
2. Avance by Tri Pointe Homes in South Phoenix- 7th St & Dobbins
Most luxurious development in South Phoenix
Private pool on mountains
View of Downtown Phoenix
2000-4600 sq ft
3-5 bedrooms and 2.5-4.5 baths
3. Tierra Montana by Taylor Morrison- 51st Ave & Dobbins
2300-4000 sq ft
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.