DISQUS

The Phoenix Real Estate Guy: Gilbert New Homes Real Estate Market: Beginning to Recover?

  • Robert Mickalson · 3 weeks ago
    I wish new home building would come back strong here in Northern Los Angeles County...we really have a lack of inventory. And the new home builders that are here now, are slowly building so as to moderate their inventory. Their incentives aren't that great here either right now, since they don't have much standing inventory, if any. That'll change though with more foreclosures that are almost certain to hit in the 6 months ahead.
  • Candice A. Donofrio · 3 weeks ago
    Absolutely. We are usually a few months behind our Phx 'big brother' in trends and I can already see this one approaching. With affordable homes under 200k, ANYTHING nice is under contract in a very short while. And they're staking and completing infrastructure in a couple of our sleepy subdvs. too.

    Prelisting inspection/repairs for trad sellers = priceless.
  • Charlotte_Homes · 3 weeks ago
    New Construction has a major impact on the local economy. Each new home built equates to about 2.5 Jobs annualized. Since most of the contractors and subcontractors are local people, most of their earnings go right back into the local economy.

    Charlotte Homes For Sale
  • PortableStorage · 3 weeks ago
    Atlast the home real estate market of Gilbert is improving and as there are many new construction going on.There are lots many project coming and now there will be a growth in the home real estate market.I think that there will be a stability as per looking at the figures and the new projects coming soon in the Gilbert home real estate market.

    Thanks,
    Portable Storage,
    www.moveablecubicle.com
  • Gilbert AZ CPA · 1 week ago
    It will most likely be a while before new home building in Gilbert will really turn around. The new home buying credit has helped a bit, but it most likely will not support all the foreclosures coming to market.
  • Stoyan Dimov · 6 days ago
    The builders still lack confidence that buyers can soak up the glut of unsold homes already on the market — a supply magnified by a record number of home foreclosures.