Seasonal residents, not rebate extension, lift Phoenix housing market

According to AZCentral.com, we are seeing a large number of seasonal buyers who are excited about our weather and prices.

“Homebuyers, especially seasonal residents from outside Arizona, appear to be regaining confidence in the Valley’s new-home market.  David Kitnick is one of several local builders who said the past two months have produced more sales than any comparable period in the past two years, something driven by out-of-state buyers.

“Other builders will tell you that over the last 60 days there’s been a firming of prices,” said Kitnick, founder of luxury-home builder Rosewood Homes in Scottsdale. “Prices have actually gone up in the past 60 days.”

While a handful of buyers have mentioned the tax rebate, he said, most said they are planning to keep their original homes in the Pacific Northwest, the Midwest or Canada and use the Arizona property as a winter getaway.

“Over the last 60 days, almost three-fourths of our homebuyers have been from out of state,” said Kitnick, who has subdivisions in Scottsdale, Goodyear and Peoria.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: