NEWS: High-end Housing Recovery

NEWS: High-end Housing Recovery

Posted 10/23/2012

The Arizona Republic turned an eye to the housing market this past Saturday, reporting that high-end homes are seeing a comeback and that the demand for new homes continues to soar.

“Demand for new homes in metro Phoenix has doubled since last year. Builders are starting new developments, again,” reported Catherine Reagor, real estate reporter for The Arizona Republic.

The article highlights the recent opening of Maracay Homes’ newest community, Montelena, which debuted in Queen Creek earlier this month. The neighborhood boasts six brand new floorplans ranging from nearly 3,000 to just over 5,000 square feet, starting from the low $300,000’s.

The opening of Montelena serves to aide in the demand for new homes in Phoenix, a market that has, in many ways, been serving as the nation’s barometer for real estate on the rise. With U.S. housing starts hitting a 4 year high in September, Phoenix new homes communities will continue to develop, including those from Maracay Homes as we serve to meet the needs of our turn-around town.