Rising Prices Knock Some Out Of Market

More news about Central Arizona real estate...

The Casa Grande Dispatch reports on the city of Maricopa and how that market area has seen big increases in the prices of new homes. A survey of local home builders shows the average base price of a new home in Maricopa has increased approximately $60,000 since last July to nearly $210,000.

A 1,922 square foot home at Stonegate at The Villages at Rancho El Dorado, an Engle Homes neighborhood, cost $198,990 when the development opened last July. That same home today has a base price of $281,990. Builders are saying that the price increases are because their costs have increased, along with the limited supply of finished lots. More...