Fulton Homes’ Ironwood Crossing community in Queen Creek is the top-selling master-plan community in Arizona, according to a new report.
Ironwood Crossing made the list of 50 Top-Selling Master-Planned Communities in the U.S. in 2012 in a newly-released report by Irvine, California-based John Burns Real Estate Consulting. Ironwood Crossing landed 23rd on the list, making it the highest-ranking community in the state based on net sales in 2012.
Meanwhile, Fulton Homes’ Freeman Farms community in Gilbert listed at 49th. Fulton Homes was one of nine builders that had more than one master-plan in the Top 50. Overall sales at all of the communities increased 46 percent from 2011, convincing evidence that the housing market is bouncing back.
“Home sales are at a brisk pace right now,” Doug Fulton, CEO of Fulton Homes, said. “In January we sold 40 homes in 20 days. For Fulton Homes to place Ironwood Crossing and Freeman Farms in the Top 50 U.S. communities is a testament to both our sales team and the increasing number of buyers now purchasing new homes.”
To compile the list, John Burns Real Estate Consulting surveyed nearly 100 large-scale residential communities in the U.S. Collectively, the communities totaled 22,806 new home sales last year, which was a 46-percent increase over the 15,599 new home sales in the same communities in 2011.