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Shea Homes

Shea Homes reports new home sales on the rise

Shea Homes reported a strong second quarter for new home sales. From April to June, Shea Homes recorded 137 new home sales, compared with 87 new homes sold during the same time period last year, a 57 percent year-over-year increase.

“We’re seeing strong growth across the Valley,” said Ken Peterson, VP of Sales and Marketing for Shea Homes. “From our beautiful and conveniently located homes in the Intrigue at Greer Ranch community in Surprise, to our family-friendly homes in Retreat at The Bridges in Gilbert, an exceptional master plan community which includes meandering streams and trails, BBQ and picnic areas, basketball/bocce ball courts, splash pads, play structures and community parks.”

The top five Shea Homes communities by sales volume in Q2 2015 are Intrigue at Greer Ranch (Surprise) Retreat at The Bridges (Gilbert), Hideaway at Johnson Ranch (San Tan Valley), Desert Intrigue (Peoria), and Inspire at Estrella (Goodyear).

“It’s safe to say the Phoenix housing market is heating up again,” said Peterson.

homes

Shea Homes reports increase in new home sales

New home sales are on the rise. During the first three months of this year, Shea Homes reports sales of 151 new homes, compared with 58 new homes sold during the same time period last year, a 160 percent increase.

“We’re extremely pleased with the surge in new home sales,” said Ken Peterson, VP of Sales and Marketing for Shea Homes. “Our three new communities in the West Valley, Desert Intrigue and Desert Ambition, have been extremely popular, as has the third phase of homes at Vista Montana.”

The top five Shea Homes communities by sales volume in Q1 2015 are Inspire at Greer Ranch (Surprise), Intrigue at Greer Ranch (Surprise), Ridgeview at Johnson Ranch (San Tan Valley), Evolve at Marbella Vineyards (Gilbert) and Retreat at The Bridges (Gilbert).

“We’re seeing great demand on both ends of the spectrum, with sales volume up for our entry level homes as well as our luxury homes. This is all good news as it relates to the comeback of the Phoenix housing market,” said Peterson. Shea Homes’ sales increase reflects the upward trends in both the local and national housing market.

One popular product driving Shea Homes sales is Shea3D ™, the home builder’s all new, patent-pending way of building homes that provides home buyers with the opportunity to choose from interchangeable lifestyle-driven spaces. Customers are able to select interior centric spaces based on the way they live. More information is available at www.SheaHomes.com/3D.

Reviving the Construction Industry

Shea Homes announces partnership with GE

Shea Homes, the country’s largest privately held builder of new homes, announced its national partnership with GE Appliances.

This partnership means Shea Homes design centers in communities across California, Arizona, Colorado, Florida, Nevada, North Carolina, South Carolina, Texas, Virginia, and Washington will now offer a selection of GE appliances to new home buyers.

“At Shea Homes, we’re dedicated to offering innovative, fresh new design options,” said Ken Peterson, vice president of sales and marketing. “We chose GE as our national appliance partner because of the company’s design aesthetic as well as our shared commitment to quality, value, and customer service.”

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Shea Homes opens 3rd Vista Montana community

Shea Homes Arizona has found much success in the Northwest Valley for its luxury home product and recently opened the third installment of its popular community, Vista Montaña, a gated community located south of Happy Valley Road at 77th Ave. in Peoria.

Vista Montaña III is an expansion of the Vista Montaña II community, which opened in March of 2014 and is near selling out. Vista Montaña III has 38, with average lot sizes of 3/4 acre plus with detached RV and non-RV garages, basement options, guest casitas, pool cabanas and more. There are six floor plans, ranging between 3,091 to over 4,869 square feet and prices start from the $514,990’s. The homes are built using the new Energy Star 3.0 rating, carry the Environments for Living designation and have solar options available. Included features are spacious bedrooms, various flexible spaces for a “custom” feel, large kitchens with expansive islands and oversized 3-car attached garages.

The new models feature enhanced kitchen and master bathrooms from the original Vista Montaña community and are representative of what homebuyers in the market are looking for.  All floorplans now come with an optimized kitchen that includes self-close dovetailed drawers and pullouts, upgraded appliances, a built in spice rack and Lazy Susan. The master bathrooms have been upgraded with the addition of a mega shower, which increases resale value. Buyers also now have the option of multiple detached garage options with extras that can be customized into a dorm room, guest casita, hobby space or garage workshop with bathroom, or storage loft.

“In light of how popular our Vista Montaña communities have been; it only made sense to add a third community of these luxury homes,” said Shea Homes Arizona Vice President of Sales and Marketing Ken Peterson. “The continued interest in housing in the Northwest Valley is really exciting for us at Shea Homes. We hope to continue building more and more communities there.”

For more information about Vista Montaña III or other Shea Homes’ communities across the Valley, call 1-866-696-7432 or visit www.sheahomes.com/newhomes/phoenix.

homes

Shea Homes appoints new Arizona president

Don_MurphyShea Homes Arizona announced the hiring of Don Murphy as the new Division President, replacing Buddy Satterfield who retired in December after 23 years with Shea Homes.

“The depth of real estate knowledge and experience Buddy has helped make Shea Homes a leading homebuilder in the Valley. He made a huge difference in the growth of Shea Homes in Arizona and we wish him the best in the next chapter of his life,” said Bert Selva, President and CEO of Shea Homes.

“We are also excited to start this new chapter with Don Murphy leading the Shea Homes Arizona team. Having been a part of the Shea family before, Don knows the values of the company and can dive right in to the many projects we’ve got going on this year.”

Don originally joined Shea Homes Active Adult in February 2002 where he acquired $1.4 billion worth of property and 14 thousand home sites during his tenure. He lived in Arizona and held various positions including Vice President of Acquisitions, and also served as interim Area Vice President for the division’s Northern California operations. In 2005, Don was selected to lead the Sacramento division and was successful establishing Shea Homes there.

Don holds a bachelor’s degree from the School of Journalism at the University of Oregon and an MBA from Arizona State University. Don, his wife, and their two daughters are looking forward to their move back to the Phoenix area.

For more information about Shea Homes and its communities across the Valley, call 1-866-696-7432 or visit www.sheahomes.com/newhomes/phoenix.

Shea Homes to open Ahwatukee luxury condos

Shea Homes Arizona just closed escrow on 69 condominium units in WestStone’s Vantage Condominium community on the northwest corner of 5th Ave. and Chandler Blvd. in Ahwatukee.

Started by WestStone in 2007, only 58 condos were built before being put up for sale. Vantage is one of the last new condominium developments in Ahwatukee and offers unmatched amenities including two swimming pools and spa, a movie theater, fitness center, and clubhouse.

Traditionally a single family home builder, Shea Homes has recently been diversifying its portfolio and this will be the first time the Arizona division of Shea Homes will build condos. Shea is re-engineering the existing plans to reflect the quality it’s known for, including energy efficiency and supreme workmanship, as well as to bring the units up to current construction code standards.

The condos range from 1,432 to 2,067 square feet, offering both two and three bedroom options, with two baths and two-car garages. Model construction will start in the spring and the community is estimated to open in fall of 2015. Pricing is estimated to start in the high 200’s.

“We are always looking for great land opportunities which provide our customers with housing solutions and this community was one of those,” said Ken Peterson, Vice President of Sales and Marketing for Shea Homes Arizona. “With its incredible views, amenities and being so close to great shopping, golfing, food and freeway access, we are really excited to get started.”

Vantage is walking distance from South Mountain Preserve, a 16,000- acre park with more than 58 trails for hiking, biking, and horseback riding.

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Shea Homes reports steady sales for Q1

Shea Homes saw its sales hold steady through the first quarter of 2013, with its West Valley communities seeing higher than normal sales. Close to two thirds of the sales for Q1 came from Shea’s West Valley communities in Peoria, Buckeye, and Litchfield Park, which is a turn from the boom of its East Valley communities.

“Our overall traffic is up and sales have remained steady from last year, which was a huge recovery over 2011,” said Ken Peterson, VP of Sales and Marketing for Shea Homes. “We have seen hot spots in the West Valley- specifically our luxury homes at Vista Montaña in Peoria, where home prices have averaged $600,000.”

Shea’s two newest product lines, luxury homes and luxury villas, have shown tremendous growth so much so that an additional 23, out of a total of 43 homesites, were opened at Vista Montaña II earlier this year and the luxury villas are being expanded to a new community breaking ground in Verrado later this summer. The new community, called Vallarta at Verrado, will feature 63 homesites with luxury villa floor plans similar to Shea’s Vistancia community; Caletas at Blackstone.

Shea has been active in the East Valley as well, specifically San Tan Valley and Gilbert, where its innovative product SPACES at Evans Ranch has only one inventory home left. Evans Ranch was opened in May 2012 and has sold out ahead of projections. Shea Homes is currently building 9 models at Marbella Vineyards opening late-summer and getting ready to break ground for models at their Bridges communities in Gilbert. With close to 500 lots soon available and showcasing a completely new approach to homebuilding Shea Homes continues to challenge industry standards.

“Our homes at Marbella will be something the Valley has never seen before in homebuilding, it will completely redefine the concept of how the industry has built homes in the past,” said Peterson. “This summer will be an exciting one for us.”

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Shea Homes opens second luxury home community in Peoria

Shea Homes Arizona is off and running in 2013 and has opened its first new community of the year in Peoria. Vista Montaña II is a gated luxury home community located at 77th Avenue and Happy Valley Road that features 43 one acre plus lots.

The community is an expansion of the original Vista Montaña community which opened late April of 2012 and only has 13 lots left. Both communities offer the same ranch style homes, pricing, and luxury offerings such as optional basements, RV garages, and pool cabanas. The community will open in two phases; the first phase of 23 lots opened last Friday, Jan. 11 and the next phase of 20 lots is set to open at the end of the year.

The community boasts six new floor plans in which in-depth market research and customer feedback were incorporated into every detail. Homes will be sold from the existing Vista Montaña sales office and model homes. Some of the most exciting features include:

· Spacious bedrooms, 10’ ceilings, and various flexible spaces for a “custom” feel
· Large kitchens with expansive islands
· Oversized 3-car, side-entry garages
· Optional RV garages, basements, cabanas, and ramadas

Homes range between 3,091 to over 4,400 square feet and prices start from the $420,000’s. The homes are built using the new Energy Star 3.0 rating, carry the Environments for Living designation and have solar options available.

“The original Vista Montaña community was a different endeavor for us and launching luxury homes in a down real estate market was risky,” said Shea Homes Arizona VP of Sales and Marketing Ken Peterson. “But we felt there was a niche for this product and we have been thrilled at the response.  We are over 50% sold out in only nine months with an average home price of more than $600,000. We anticipate this second community doing equally as well.”

For more information about Vista Montaña II or other Shea Homes’ communities across the Valley, call 1-866-696-7432 or visit www.sheahomes.com/newhomes/phoenix.

Shea Homes sales up 34% in 2012

Shea Homes successfully closed out 2012 with its highest home sale numbers since 2009. Opening seven new home communities last year, Shea averaged 8 home sales per week compared to the 5 home sales per week in 2010 and 2011.

“Sales are always a good indication of a recovering housing market and we are very optimistic and excited about the trends we are seeing in Arizona,” said Ken Peterson, VP of Sales and Marketing for Shea Homes Arizona. Visitors to communities remained consistent with previous years, which can be tied to more people being eligible to buy again and low resale inventory.

In 2012, Shea Homes adopted cutting edge technologies at its sales offices, including the use of iPads, Apple TV, Apps, online Space Planners, Microsoft’s Kinect motion sensing device allowing visitors to interact with Shea Homes community content along with the launch of a virtual kitchen and bath design tool, currently debuting at Shea’s Lantana at Power Ranch community.

“We are excited about what 2013 holds, we are opening numerous new communities this year including the launch of brand new product lines reflecting the newest innovations in exterior & interior home design,” said Peterson. “It’s going to be a good year for real estate in Phoenix.”

solar

Shea Homes partners with Sunrun

Shea Homes is proud to announce a partnership with Sunrun, the nation’s largest home solar company, to help homeowners go solar without the high cost and hassle of owning and maintaining a solar system.

Through this partnership, homeowners can opt to have affordable solar preinstalled on their new homes.  The solar is lower in cost than typical solar installations because Sunrun owns, maintains and insures the systems.  Homeowners pay a low amount upfront for the solar power, taking control of their electric bills for 20 years.  Sunrun works with top local installation company American Solar to design and install the systems.

“Offering solar is in alignment with our overall goal to continually build homes that are highly energy efficient for our customers,” said Ken Peterson, VP of Sales and Marketing for Shea Homes. “Having this partnership with Sunrun is an added benefit to provide solar solutions to our customers which will ultimately reduce the monthly investment of operating their homes.”

“Sunrun invented solar service so that homeowners don’t have to choose between the planet and their wallets, and now it’s becoming a standard option for new homes,” said Sunrun Co-CEO Lynn Jurich.  “As solar adoption continues to grow, solar will be as common a consideration as countertop finish or flooring material.”

The Sunrun solar power service program will be available at Vista Montaña, Ridgeview and Hideaway at Johnson Ranch, Lantana at Power Ranch and SPACES at Evans Ranch. Homeowners can choose between three different system sizes, and systems will be custom-designed according to the square footage and orientation of the home. Check out a video about the new partnership here.

For specific pricing details, contact Shea Homes at 1-866-696-7432 or visit http://www.sheahomes.com/arizona.

Spice It Up Food Truck

Valley’s Best Food Trucks All in One Place at Vistancia

Enjoy Vistancia’s Food Truck Experience from 11 a.m. to 3 p.m. Saturday, Oct. 27 featuring gourmet food samplings from 11 of the Valley’s best food trucks, tours of 11 model homes throughout the Vistancia community, Blackstone Country Club clubhouse tours and menu tastings.

The West Valley’s first food truck tour begins at the Vistancia Information Center, 12026 W. Lone Mountain Parkway in Peoria, where guests will receive a map of the gourmet food trucks located throughout the community’s builder model homes by K. Hovnanian Homes, Meritage Homes, Rosewood Homes, Shea Homes, Taylor Morrison and T.W. Lewis by David Weekley Homes. Complimentary food samplings will be available from all food trucks to the first 400 guests during this open to the public community event.

Located amongst a stunning backdrop of Sonoran desert mountain beauty, guests can rediscover Vistancia and all it has to offer as they enjoy 11 diverse gourmet food trucks featuring Carte Blanche, Hey Joe!, Filipino Street Food, Island Loco, Luncha Libre, Mojo Bowl, Pizza People, Q UP BBQ, Spice It Up!, Sweet Jonez Cupcakes, Tom’s BBQ Pig Rig and Torched Goodness.

Specialty food offerings will range from Chipotle mushroom and mozzarella  quesadillas, smoked beef brisket sliders, pulled pork on coleslaw, bacon mac and cheese bites and ancho chile braised steak tacos to vanilla, sea salt caramel and chocolate crème brulee; mini cupcakes, strawberry banana, orange and pineapple mango smoothies; with gluten free and vegetarian options.

Blackstone at Vistancia’s private Blackstone Country Club will feature tours of the club and menu tastings from an active Paella station featuring pork loin, chorizo, clams, mussels, shrimp and saffron rice, located in the courtyard of the stunning hacienda-style clubhouse.
In addition, The Village at Vistancia community will be offering tours of the 15,000-square-foot Mountain Vista Club and the Blackstone at Vistancia will feature previews of new custom homesites during the special event.

Vistancia offers the best in family life and neighborhood involvement among miles of open space away from the city and close to what’s especially important in life. The community offers a wide range of living choices and amenities for enjoying truly diverse experiences.

“We’ve created a community that offers a wide range of living choices and amenities for enjoying varied experiences at Vistancia,” said Mark Hammons, vice president/general manager of Vistancia. “From the playful spirit at The Village at Vistancia to a comfortable luxury found in Blackstone at Vistancia and the genuine, overall feeling of being connected by pure, unspoiled nature away from the bustle of the city, we do have the best of everything,” Hammons said.

“Master planned communities like Vistancia are very appealing to today’s homebuyers as they provide exceptional value with a variety of housing choices, architectural integrity, recreational amenities, multiple schools on site and magnificent nature trails such as the 3.5-mile Discovery Trail, all with respect for the natural beauty of the land and plenty of open space,” said Hammons.

A quicker access to metropolitan Phoenix with the opening of Vistancia’s second entrance off of the Loop 303 and Lone Mountain Parkway has accelerated the vibrancy of the Vistancia master plan.

Distant mountain ranges provide a perfect setting for Vistancia featuring dramatic views of White Peak, Twin Buttes and the Bradshaw Mountains in a pristine desert landscape.
Take Loop 303 to the new Lone Mountain Parkway (exit 127) to enter the Vistancia community. The Vistancia Information Center is located at the guard-gated entrance of Blackstone at Vistancia. For more information about Vistancia or the Food Truck Experience event Oct. 27 visit www.vistancia.com or call 623-933-6233.

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Shea Homes breaks ground on new neighborhoods at Johnson Ranch

Shea Homes Arizona will open its sixth and seventh new community this year, Ridgeview and Hideaway at Johnson Ranch. The anticipated opening is November 2012 with 6 model homes breaking ground in late August.

Johnson Ranch is a beautiful master floor plans community located at Hunt Highway and Johnson Ranch Boulevard in the Southeast Valley. Ridgeview at Johnson Ranch boasts 6 plans from Shea’s 2900 series ranging in square footage from 1,500-2,468. There are 113 lots with an average lot size of 45×110.

Hideaway at Johnson Ranch will feature 6 popular floor plans from Shea’s 2200 series, with square footage ranging from 1,831-2,690. With 135 home sites on 50×120 lots, customers will have many options to choose from.  Pricing for both neighborhoods is still being finalized.

These homes are built for optimum energy efficiency and carry the newly upgraded ENERGY STAR 3.0 rating. They have multiple distinct features from other area builders including the Environments for Living (EFL) designation, which guarantees home cooling and heating costs won’t exceed a specified limit for two years. If the home goes over the guarantee, a refund of the difference is given. There will also be options to upgrade the homes with solar packages.

“As other builders are closing out, we are excited to be opening up in Johnson Ranch,” said Ken Peterson, Vice President of Sales and Marketing for Shea Homes. “Our communities are located near the beautiful Indigo Sky recreation center and we look forward to bringing some of our most popular home designs to the Southeast Valley.”

The beautiful master planned community of Johnson Ranch offers exciting amenities such as multiple recreation centers, pools, spas, picnic pavilions, lighted tennis and basketball courts, softball and soccer fields, playgrounds, public golf course, club house, catch and release fishing lake, and K-8 elementary school.

For more information about either of our Johnson Ranch communities or Shea Homes’ communities across the Valley, please call 1-866-696-7432 or visit http://www.sheahomes.com/arizona.

Shea Homes Arizona Sales Increase, Optimistic About Housing Recovery

The jury is still out about the national housing recovery, but Shea Homes Arizona is noticing a pickup in its sales during the first four months of the year. With three new home communities that have opened since January and three more that will be announced soon, Shea Homes Arizona has already outpaced its 2011 YTD sales by 40%.  During the housing slump, Shea averaged 5 home sales per week in 2010 and 2011 and currently is averaging more than 8 home sales per week already this year.

“We are seeing the same amount of visitors to our communities, but more are buying homes,” said Ken Peterson, VP of Sales and Marketing for Shea Homes. “We think a couple things are taking place, first, more people are becoming eligible to get loans again after going through foreclosures or short sales and second, the resale inventory is so low right now that people are getting frustrated by bidding wars.”

The most interesting trend Shea Homes has seen lately has been the final sales in communities that can now be closed out. La Quintana, La Mirada, Painted Trails, Entrada, Copper Hills, Lost Canyon and Cabrillo Canyon have all just recently closed over the past few months. Escala at Seville and Foothills at Layton Lakes only have one or two remaining model homes or spec homes, bringing the total Shea Homes communities to 12. The SPACES product that opened in early 2010 has only two lots left, in addition to its models, and a second SPACES at Evans Ranch community will be opening very soon.

“Sales are always a good indication of a recovering housing market, but we also added two new product lines this year- duplexes and triplexes and also acre lot luxury homes, which helps us bring in new buyers that we might have missed before,” said Peterson. “We are pretty optimistic for now and happy about the trends we are seeing in Arizona.”

For more information on Shea Homes, visit Shea Homes’ website at sheahomes.com.

Housing Development

Shea Homes Again Ranks Highest In Customer Satisfaction Among New-Home Builders In Valley, Report Indicates

For the third straight year, Shea Homes ranks highest in customer satisfaction with new-home builders in the Phoenix market, according to the J.D. Power and Associates 2010 New-Home Builder Customer Satisfaction Study released today.

“The downturn of the housing market — along with intensified competition for a very limited pool of home buyers — has reinforced the importance of customer focus for new-home builders,” says Dale Haines, senior director of the real estate and construction industries practice at J.D. Power and Associates. “In this buyers’ market, builders that are attentive to customer needs and focus on relationship building stand the best chance of enduring through the market recovery.”

The study, now in its 14th year, includes satisfaction rankings for builders in 17 markets. Nine factors drive overall customer satisfaction with new-home builders: builder’s sales staff; builder’s warranty/customer service staff; workmanship/materials; price/value; home readiness; construction manager; recreational facilities provided by the builder; builder’s design center; and location.

Shea Homes achieved a score of 922 on a 1,000-point scale in 2010 — which represents an increase of 19 points from 903 in 2009 — and performs particularly well in the Phoenix market in six of the nine factors: builder’s sales staff; builder’s design center; construction manager; workmanship/materials; home readiness; and builder’s warranty/customer service staff.

The average customer satisfaction index score in the Phoenix market is 872 — 46 points above the 17-market average of 826. Satisfaction has improved substantially in the Phoenix market in 2010 — up 29 points from 2009.

Overall customer satisfaction across all 17 markets has improved for a third consecutive year, averaging 826 — the highest level since the inception of the study in 1997. Markets with the highest levels of overall satisfaction in 2010 include Phoenix, Las Vegas, southern California, Orlando, Fla., and Sacramento, Calif. Overall satisfaction has increased in 15 of the 17 individual markets that were also surveyed in 2009.

Centex Homes ranks highest in new-home quality in the Phoenix market. Home quality in the Phoenix market has improved considerably from 2009, averaging 856 in 2010 — up by 26 points from the previous year.

The problems reported most often in this market include: landscaping issues, exterior paint, and kitchen cabinet quality/finish.

Overall new-home quality across all 17 markets has increased notably to an average of 844 in 2010, reaching a record high. Home quality has improved from 2009 in 15 of the 17 markets. Overall, the most commonly reported quality problems include issues with landscaping; kitchen cabinet quality and finish; and heating and air conditioning.

New-home builders have improved from 2009 in raising awareness of the “green” features of their homes. Approximately 61 percent of new-home owners in the Phoenix market in 2010 perceive that their home is environmentally friendly, compared with just 31 percent in 2009. In addition, the proportion of new-home owners in the Phoenix market who indicate that their builder did not identify the home as green has declined to 51 percent in 2010 from 63 percent in 2009.

“In this hypercompetitive market, green features have become a crucial selling point, since new-home buyers are seeking to save on energy costs, as well as to increase the value of their home,” Haines says.

To be included in the studies, Phoenix-area builders must have closed 150 or more homes in the market in 2009. The new homes are located in Maricopa and Pinal counties.

The studies are based on responses from more than 16,400 buyers of newly built single-family homes that provided feedback after living in their home from 4 to 18 months, on average. There were 1,641 respondents in the Phoenix market.

For rankings for all 17 U.S. markets, visit www.jdpower.com/homes.