For a second consecutive quarter, sales are up for Shea Homes Arizona. Sales for the fourth quarter of 2016 beat 2015 Q4 sales by 22 percent. This gain followed a 12 percent increase in Q3 compared to 2015.
“The Phoenix housing market is showing clear signs of recovery,” said Ken Peterson, VP of Sales and Marketing for Shea Homes Arizona. “Consumer confidence is on the rise, and we’re seeing that sentiment reflected in revved up sales numbers.”
This upward trend is expected to continue in 2017, with Realtor.com projecting that Phoenix will be America’s No. 1 housing market next year. Realtor.com predicts Phoenix home prices to climb 5.9 percent, and sales to jump by 7.2 percent next year.
Shea Homes is prepared to meet the increased demand, with plans to open several new communities next year. The first will be The Reserves, in Gilbert, which is slated to open this spring. This luxury gated community will feature four single-level floorplans that will range from approximately 3,200 to 4,000 square feet and feature three to five bedrooms and 3 ½ to 4 ½ bathrooms.
