By: Daniel Benson, Belfiore Real Estate Consulting.
After analyzing BREC’s most recent surveys of the North Buckeye submarket in the West Valley Region, the data shows Verrado has experienced great YOY improvements. In BREC’s most recent survey (2-3-2012), Verrado builders experienced a 3.1% base price increase in comparison to the same survey period one year ago (This includes all Verrado production builders who have been actively selling for the last year). Verrado also experienced great YOY increases in demand. According to reported builder traffic, traffic increased approximately 50% in a YOY comparison. Sales rates were even more promising; Verrado builders reported nearly doubling their 2-month sales rates in comparison to the same period in 2011. Stay in tune with Phoenix’s residential recovery by joining the BREC team today!