The W.P. Carey School of Business’ February housing report reveals that new home sales are showing the largest percentage price increase in all three measures over the last year for the greater Phoenix area.
The relatively high percentage of market share new homes achieved in December, combined with higher pricing, caused a noticeable increase in overall pricing between November and December.
W.P. Carey reports that this is very unlikely to be sustained in the short term. According to the report the average price per square foot is up 31 percent for the greater Phoenix area, giving the most useful guide to price changes in the market.
Luckily for buyers, Ahwatukee Foothills offers four exciting new home developments. If the idea of landing a brand new home appeals to you in lieu of buying a home on the resale market, make a date to check these out.
Rosewood Villages at the Foothills
Love an active lifestyle? Conveniently located in the heart of the Ahwatukee Foothills, Rosewood Village features beautiful mountain views on the terrace, just walking distance to outstanding Kyrene schools, wonderful parks, trails, a YMCA and a variety of restaurants and shops. This new neighborhood offers a gated entry revealing 59 architecturally authentic homes in a choice of Spanish Colonial, Italian and European Country styles with custom detailing. The majority of homes back to landscaped open spaces with natural ambiance and panoramic mountain views. Residents will also enjoy a private recreation area with a resort-style swimming pool and cabanas, patio furniture, and also a barbeque grill, fire pit and an “event lawn” for special gatherings.
Residences range in size from approximately 1,700 to 2,400 square feet including options of two bedrooms plus a loft, four bedrooms, or two and a half to three baths and two-car garages.
Authentic, richly detailed architecture wraps each home on all four sides, creating beautiful streetscapes in decorative stone, iron and tile detailing. Each charming entry way opens to reveal a stunning kitchen in a variety of finishes, plus a slab granite countertop and center island.
Master suites feature walk-in closets, a convenient linen closet, his and hers sinks, an oval tub and shower, and a separate water closet.
Smartly designed homes are complimented by Rosewood Homes’ Signature Construction, an exclusive program that goes above and beyond the industry standard for quality, craftsmanship and energy efficiency. Rosewood homes are 40 percent more energy efficient than current building code requires, saving homeowners thousands of dollars each year in utility bills.
Pre-sale prices are expected to start in the high $200’s with pre-sales beginning in February/ March followed by model home grand opening in May/June.
Discovery at Desert Vistas
Lennar Homes’ Discovery at Desert Vistas is nestled in another fantastic Ahwatukee location just three miles from Loop 202 and the I-10 intersection. Surrounded by the plentiful shopping, sought-after schools, and recreation, discover this great new option!
Part of the Kyrene/Tempe Unified School Districts, the elementary school, middle school, and Desert Vista High School are all located within walking distance. Make sure to see Lennar homes in Discovery at Desert Vistas, one of the best new communities in all of Arizona, located at 29th Way and Nighthawk.
The subdivision features 49 home-sites with three floor plans and exciting elevations to choose from. Homes range in size from 1,640 square feet to 2,903 square feet, with base prices starting at mid $200,000 to $300,000-plus. Standard features include six panel interior doors, satin nickel hardware, GE black appliances, Moen chrome fixtures, 30-inch Timberlake maple flat panel cabinets, laminate counter tops, showers and tub with surrounds, elongated toilets, vinyl windows, pre-wiring for electric, and phone and cable per plan with many optional upgrades and custom packages to choose from.
Vantage Phase II at Club West
Vantage, the exclusive 127-unit condominium community from WestStone that combines amenity-rich living, superior craftsmanship with exceptional value, is a must-see. Located in one of the most prestigious and sought-after ZIP codes across Phoenix, Vantage is adjacent to the best of what the area has to offer. WestStone Communities is planning the opening of Vantage Phase II in early 2014.
For the outdoor enthusiast, Vantage is nestled within walking distance of the South Mountain Preserve, a 16,000-acre municipal park with more than 58 trails for hiking, biking and horseback riding. The avid golfer can choose from four championship golf courses nearby. Luxury shopping is also a short drive away at Chandler Fashion Center, Chandler Festival, and The Boulevard Shops.
As the last new condominium development in Ahwatukee, Vantage is unique in its architecture and design, reminiscent of a Tuscan villa. Catering to owners desiring a sophisticated, active lifestyle, the community offers unmatched amenities such as two swimming pools and spa, a movie theater, a fitness center and a clubhouse.
With 15 different floor plans to choose from ranging in size from 1,170 square feet to 2,168 square feet, every discriminating buyer is certain to find one that fits.
Lennar Homes plans development for Liberty Lane and 17th Avenue:
Lennar recently broke ground on its newest Ahwatukee development on the 17-acre plus empty plot on the southwest corner of 17th Avenue and Liberty Lane.
Lennar presented its plan to build nearly 70 homes to the Ahwatukee Foothills Village Planning Committee during its monthly meeting in November. The plan required a change to the general plan and the zoning.
The empty 17.55 acres of land is currently zoned for commercial use, though it’s so far into the Foothills it has never been developed for that purpose. At the northwest corner of the land there is an SRP Marley Substation, and to the east and north are homes. To the south the land is owned by the Arizona Department of Transportation (ADOT) and may be developed to accommodate an entrance or exit for the proposed Loop 202 Freeway extension.
The committee approved the rezoning for the project with one added stipulation: Potential homeowners of the homes in the southern portion of the lot must be informed that their home could be purchased by ADOT for Loop 202 construction, and also be shown a graphic of the clean take line.
With all these exciting options to choose from, a brand new address may be on the horizon for you in 2014.
• Bonny Holland is with Keller Williams, Sonoran Living in Ahwatukee Foothills. Reach her at (602) 369-1085, www.leadingluxuryexperts.com or on Facebook and Twitter.