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.
The Tempe-based homebuilder has seen a 46 percent increase in sales compared to last year through the week ending Dec. 16. Although final numbers for the calendar year won’t be calculated for a couple more weeks, Fulton Homes has sold 692 homes so far. That compares to the 463 homes sold in all of 2011. Fulton Homes sold 358 homes in 2010.
“The market for new homes is definitely improving,” Doug Fulton, CEO of Fulton Homes, said. “We’ve seen increased sales at many of our East Valley communities, which is a testament to the housing recovery.”
Preliminary figures reveal that Fulton Homes sold more than 57 new homes per month for 2012. The top selling developments include Ironwood Crossing (284 homes), Freeman Farms (217) and Fulton Ranch (109). Ashcreek has sold 25 homes and Victoria Estates has sold 23 homes.
While the housing market is improving across the board, Fulton Homes set itself apart as the only homebuilder to maintain a consistent presence throughout the recession. Fulton Homes has several communities in the East Valley, an area of the Valley that is seeing the most significant home-buying traffic. In addition, Fulton Homes buyers have seemingly endless choices when designing their new home. Buyers can choose from 5,000 upgrades at the Fulton Homes Design Center, and they have the ability to customize their homes at certain communities by adding a 52-foot garage, or a separate living space for extended family.