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E M A I L U S AT N E W S T I P S @ A R I Z O N A R E P U B L I C . C O M O R C A L L U S AT 6 0 2 - 4 4 4 - N E W S ( 6 3 9 7 )
METRO PHOENIX NEW-HOME PRICES READY TO RISE
Demand, particularly by Millennials, grows CATHERINE REAGOR THE REPUBLIC | AZCENTRAL.COM
Shoppers for newly built homes will likely see higher prices in metro Phoenix this year. ¶ Don’t expect a big jump, but builders are poised to start raising prices to offset rising costs of land and labor. ¶ Arizona housing analyst Jim Belfiore predicts new-home prices in the Valley will climb an average of 7 percent to 9 percentthis year. ¶ In 2016, new-home prices in the area climbed about 2 percent.“Appreciation is the biggest issue for the homebuilding industry now,” Belfiore told a packed room of home builders, developers and others in the real estate industry at his annual Valley housing forecast on Thursday. ¶ That’s because the cost of building has climbed 50 percent in the past two years,” he explained.
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SCOTTSDALE | 9940 North 78th Place | Open Today 12–4PM
GORGEOUS IN GAINEY RANCH. Nestled inside the gated MLS# - 5531590 community of North Meadow in exclusive Gainey Ranch, this Bedrooms - 4 drop-dead-dazzling home enjoys a lush front lawn and an easyBathrooms - 4.5 flowing floor plan perfect for entertaining as well as luxuriously Pool - Yes laidback everyday living. Dramatic living room w/striking splitstone fireplace column, nearly floor-to-ceiling retractable glass Sq. Ft. - 4,479 walls, swank bar. Dream kitchen. Posh master retreat w/lavish ZIP Code - 85258 contemporary bath. Plethora of dining and conversation patios, elegant pool w/water sheers, pretty palm trees, fire-pit, barbecue Online Pics - BaldwinTeam.com Price - $1,450,000 island, cactus garden w/waterfall. Guest casita w/kitchenette. First-class community amenities: golf, tennis, much more. Visit tourfactory.com/1679137. Inside: details, directions.
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