Housing Prices - Phoenix area - Arizona (AZ) - Page 4 - City-Data Forum

Ponderosa · 09-09-2007, 05:06 PM

Quote:

Originally Posted by MotleyCrew

We have been surprised to see some of the developments in Maricopa raising their prices lately. I wonder if it is sign of things to come. My daughters friend waited a week to make a purchase and it cost him $8,000 more for the home.

Maybe sales are picking up out there. People are still coming here by the boatload and, if this forum is any indication, there is a lot of interest in Maricopa because of the more affordable prices.

sheena · 09-10-2007, 08:22 AM

Quote:

Originally Posted by nikorock28

That is interesting considering Pulte/Del Webb in Anthem at Merrill Ranch just lowered their prices about $10K for the smaller homes and even more for the larger models. They seem very desperate to sell and I wouldn't be surprised if it drops even lower into the slower, winter months. The month of December, to me, seems like the ideal time to buy since the builders will want to get homes out before the year ends... On the other hand, I don't see how prices can go much lower... the base price for a 1600+ SF home is only $142K, the smallest home is $125K... any lower and the mortgage payments would be CHEAPER than the $800 for the typical rent. So, I don't know...

They will go as low as they need to.

Axiom · 09-10-2007, 10:51 AM

Quote:

Originally Posted by MotleyCrew

We have been surprised to see some of the developments in Maricopa raising their prices lately. I wonder if it is sign of things to come. My daughters friend waited a week to make a purchase and it cost him $8,000 more for the home.

I think there probably is some pent up demand out there. No doubt the builders are hoping that by raising prices they'll get some of the fence sitters, who have been waiting for the market to bottom out, back in and buying.

I wonder how the inventory numbers are looking?

MotleyCrew · 09-10-2007, 11:19 AM

With prices that low in Anthem, I am surprised those goofy investors have not flooded back here. I have to wonder why sales are so slow there and picking up in Maricopa. Outside the 17 freeway, it is very pretty up there.

sablebaby · 09-10-2007, 11:23 AM

Quote:

Originally Posted by MotleyCrew

With prices that low in Anthem, I am surprised those goofy investors have not flooded back here. I have to wonder why sales are so slow there and picking up in Maricopa. Outside the 17 freeway, it is very pretty up there.

He's talking about the Anthem in Florence. Yeah, if they were that low in the Anthem up north I'd think about buying (if I didn't have to commute!!).

MotleyCrew · 09-10-2007, 11:34 AM

Figures. I would be one of the "goofy" investors rushing back there too. Thanks for the education. I did not realize there were two Anthems.

sablebaby · 09-10-2007, 12:01 PM

Quote:

Originally Posted by MotleyCrew

Figures. I would be one of the "goofy" investors rushing back there too. Thanks for the education. I did not realize there were two Anthems.

Yeah, I didn't know either until I had a poster jump down my throat about it, saying that I should know.

Great Joy · 09-10-2007, 05:09 PM

sablebaby, you do know everything, don't you? Just teasing you!

jco · 09-12-2007, 12:17 AM

To the OP - One thing that would really make all the difference is if you have kids. I've read through and can't find any reference to children. I heard that interest rates dropped a little and that the gov is planning another drop to boost home sales. Wouldn't this help the housing market?