Belfiore: New homes sales up 44 percent over a year ago; early innings for Pinal growth markets
by Mike Sunnucks | Rose Law Group Reporter
A Fulton Home new build in Maricopa starting just under $220k
The volume of new homes sales in metro Phoenix came in 44 percent higher between mid-October and mid-November compared to a year ago.
That is according to new data from Belfiore Real Estate Consulting.
Jim Belfiore, president of Belfiore Real Estate Consulting, said new homes sales in the Phoenix region are at 13-year high for the mid-October to mid-November time frame and that year-to-date home sales are up 5 percent from a year ago.
There have been 20,044 new homes sold in the Phoenix metro area so far this year. That compares to 19,325 new homes sold during the same time frame a year ago.
Belfiore sees growing strength in Pinal County submarkets such as Maricopa, Coolidge and Casa Grande which are drawing entry-level and first-time buyers.
“They are very, very price sensitive,” Belfiore of buyers in Pinal County.
