From 1996 to 2006, Gilbert, Arizona issued more than 3,000 home permits every year but one, according to U.S. Census Bureau statistics. In 2004, that number peaked at 5,071. Several years of declines in the Phoenix housing market, Gilbert, AZ saw positive growth in 2009 in the new-home permits since the record breaking peak of 2004. A great sign that Gilbert is recovering and growing again!
Permits issued in 2008 were a mild 1,109 and the amount for 2009 rose to 1,275 last year! Not a significant difference but it is a difference and it's up, not down!
Pulte Homes in October acquired 107 lots in Stratland Estates, which will be Pulte's first foray into the Gilbert market. Pulte Homes spokeswoman Jacque Petroulakis said the company has high hopes for the Gilbert area. Gilbert has several perks for homebuyers, including freeway access, local shopping, good schools and plentiful parks, Petroulakis said. I can't agree with her more!
Some of the neighborhoods that have seen recent increases in activity include Freeman Farms, Higley Park, Lyons Gate and Morrison Ranch.
If you are seeking a new home, be sure to take a license professional real estate agent with you, they will represent you! If you have a desire to search all the re-sale properties in the Gilbert area, be sure to check out all the most current homes available on my Home Search page here.
See the original article here.
Recovery will not be complete until the home builders get back to full speed.
Candace,
We're doing 100% USDA/Rural purchase loans on new homes in areas around Pima and Pinal Counties. Does Gilbert qualify for USDA/Rural? Shoot me a couple of different addresses, and I'll run them through the eligibility engine. I did this for Carolin Benjamin, and we found areas near her that qualified!
Mike in Tucson
Hi Mike -
The areas that qualify for the USDA home loan are areas such as Queen Creek (San Tan Valley), Florence and outlying areas such as Goodyear etc. It seems to be a popular loan option. What areas are you able to do it in the Tucson area?
Candace - Up is good! As you mention, especially in the Recker and Warner area of town, we need builders to finish the subdivisions that were abandoned in 2007 and 2008...
Bill - I so agree, that's by me and I know of a few builders that have walked and hope those lots and areas get another builder to move right in!