Analysis of New Construction Homes in SE Valley

December 1, 2014 at 10:43 pm Leave a comment

by: Maria Hass

There has been a recent surge of new construction permits in Chandler and Gilbert areas. As a result builders are finding ways to outdo each other by offering more incentives in closing costs, bonus appliances, providing front and back landscaping, free blinds, lower interest rate, giving buyers a $10,000 to $20,000 towards upgrades and more.

This is all good news to the buyers. Recently, there seems to be a slow decline in the price of new construction homes.  Supply of newly built homes is increasing while demand is weak. This price decline is typically of the last quarter of the year. As many buyers and sellers are preparing for the holidays.

However, it will be interesting to note how the market will do when the new year comes. Historically speaking, real estate activity picks up at the beginning of the year. This is good news to every homeowner.

 

Entry filed under: Arizona Real Estate, Chandler Real Estate, Phoenix Real Estate. Tags: , .

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