East Valley Tribune - Gilbert - September 10, 2017

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THE VOICE OF THE EAST VALLEY SINCE 1891 AND WINNER OF THE PULITZER PRIZE FOR LOCAL REPORTING

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Gilbert Edition

INSIDE

This Week

NEWS ............................. 8 Firefighter recognized for going the extra mile for veteran

COMMUNITY ...... 10 Diagnosed with polio in high school, Tempe man never gave up

BUSINESS . ................ 13 Mesa creates redevelopment zones to reverse blight

MUSIC ........................ 21 Beach Boys’ Mike Love shares his secrets to success

BUSINESS.....................13 OPINION..................... 15 SPORTS........................ 16 FAITH............................ 18 CLASSIFIEDS............. 24

EAST VALLEY

Casteel players making a name for themselves PAGE 16

Sunday, September 10, 2017

Good news on the new home front EV millennials driving new trend toward home ownership

BY WAYNE SCHUTSKY Tribune Staff Writer

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illennials as a whole may have put off home buying longer than those who came before them, but market trends show that the largest generation in history is beginning to warm to the idea of home ownership. Chandler and Gilbert are uniquely poised to take advantage of this market shift, said Realtor Mindy Jones Nevarez, one of the agents behind ChandlervsGilbert. com, a website that provides comparison information for people considering a move to either of the two communities. Older millennials – people ages 27 to 36 – made up 28 percent of home buyers in the country in 2016. That ties them with Gen Xers for the largest representative share of total home buyers last year, according to the National Association of Realtors Home Buyer and Seller Generational Trends Report 2017. Add in younger millennials, which made up 6 percent of buyers, and the demographic group as a whole represented the largest demographic of home buyers in 2016, according to the report. The ChandlervsGilbert website is a collaborative project by Nevarez’s Amy Jones Real Estate Group See

MILLENNIALS on page 4

(Kimberly Carrillo/Tribune Staff Photographer)

A pocket park with play facilities just behind some houses highlights the family-friendly nature of the Eastmark development. The east Mesa development is the sixth best-selling master-planned community in the country.

Sales pace picks up at Eastmark, now 6th nationally BY WAYNE SCHUTSKY Tribune Staff Writer

A

combination of new housing offerings and an unexpected upturn in sales has made Eastmark the sixth best-selling master-planned community in the country and the top-selling community in Arizona for the third straight year. DMB’s east Mesa development accounted for over 665 home sales by Sept. 1, according to RCLCO Real Estate Advisor’s Mid Year Report. That is more than the number of homes sold there in all of 2016. “This is clearly a surprise,” Eastmark General Manager Dea

McDonald said. “We saw trends that suggested we were going to see a better year than last year, but not in this capacity.” In 2016, Eastmark ranked 11th nationally on the RCLCO Mid Year Report. One major factor contributing to the 2017 sales boom is choice. The development currently has multiple builders and home models at different price points that buyers can choose from. “It is the biggest abundance of choices we have had since we opened,” Eastmark Director of Marketing Garilyn Bourgeois said. When the community opened, home prices hovered

in the mid-$300,000 range and largely attracted first-time and second-time “move-up buyers,” McDonald said. Now, homes in Eastmark start in the low-$200,000s and builders are seeing interest from more first-time home buyers. This year, Eastmark also features homes that qualify for FHA loans for the first time. “There are (attractions for) different age groups and price ranges,” said Dee Schippel, Arizona Association of Realtors Region 4 vice president. “It is family oriented and has provisions for every generation.” McDonald also points out that See

EASTMARK on page 4


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