Apartment Market and Sales Insights
Residential Always Leads Commercial. Residential resale homes are still a weak market, but prices have leveled off and may imply a market primed for change. Agents note there are no shortage of buyers, just waiting on reduced loan rates. New home builders know we already have an increased demand for housing and since they are able to offer significant buyer incentives, existing communities are doing well. In fact, three Phoenix master-planned communities were in the top 50 for sales in the US (RCLCO data). These included Radiance at Superstition Vistas (D.R. Horton), Verrado (DMB) and Bella Vista Farms (El Dorado Holdings). As interest rates drop and the new apartments are absorbed, apartment sales volume will continue to increase.
We hope you have been using the Interactive Maps and Downloadable Lists for currently advertised Apts For Sale, details of Prior Apt Sales and the New Apt Construction Pipeline.