Agritopia Homes, Subdivision in Gilbert Arizona
More than 200 people showed up Saturday morning at Agritopia, located on Ray Road in Gilbert, for a drawing on 30 lots that were released. Names drawn are placed on a list and called in order as lots are released for sale. So, 30 lucky new homeowners will wait their turn for 8-10 months while their new homes i being built! This is becoming more and more popular as builders simply can not keep up with demand for new homes Valley wide. The homes at Agritopia are priced from $220,500 and up. The week before, 476 people registered for a drawing for larger square footage homes at Agritopia, with 50 lucky names being drawn.
This illustrates the strong demand and lack of supply that the Central Arizona real estate market is experiencing.
posted by Arizona Real Estate News @ 9:58 AM
2 comments
2 Comments:
I've been hearing this about the market there. I've also heard that you can't buy an investment home or second home from the new home builders there either. Is this true?
Hi Steve! Welcome. You have posted the very first comment on my new Arizona real estate news blog! Thank you for joining in.
I was just adding another news article when I noticed your comments.
Yes, it is true that the large local builders will not allow investment purchses nor second home purchases. Smaller new home builders will however. I have some new custom homes listed for sale on my main website if you are interested. Just click on the button on the right marked "Phoenix Real Estate", once there click on "Homes For Sale" in the navigation bar.
Let me know if you have any other real estate related questions.
Take care and thanks again for "jumping in".
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