New Home Communities at Phoenix.org March 18, 2018

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THE SUNDAY EAST VALLEY TRIBUNE | MARCH 18, 2018

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New Home Communities FEATURE STORY DEALMAKERS:

housing market ‘growing’

BY CONNOR DZIAWURA

The Valley’s housing market is on an upward trajectory, according to speakers at the ninth annual AZ Dealmakers at Westin Kierland Resort & Spa in late January. “Housing is growing,” said Belfiore Real Estate Consulting founder and president Jim Belfiore. “The market is tremendously better.” Hosted by Belfiore and Rose Law Group, the event featured presentations from the consultant along with keynote speakers Elliott D. Pollack, CEO of Elliott D. Pollack & Company, and Joe Blackbourn, president and founder of Everest Holdings. A panel of industry insiders offered their insight on the market’s status. Sales and demand are steadily increasing, with the number of sales per subdivision sitting at nearly 2.7 in the metro Phoenix area as of January. While the rate has grown over the past two years, and the speed of sales has improved, the market

INTRODUCING BY SHERRY JACKSON

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ituated on 900 acres in the heart of Gilbert, Cooley Station by Fulton Homes is one of the town’s largest new-home neighborhoods. The Cooley Station master plan calls for a village-style community with central gathering spots and a variety of homes including traditional single-family homes and smaller homes with interior courtyards geared towards a lock-and-leave lifestyle. The development is strategically located between the ASU Polytechnic College and SanTan Village, off Recker Road between Williams Field and Ray roads. The town of Gilbert has planned this corridor as pedestrian-oriented with shopping, dining and luxury apartments. Its proximity to the Loop 202 Freeway and Phoenix-Mesa-Williams

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Belfiore Real Estate Consulting founder and president Jim Belfiore provided an overview on the metro Phoenix housing market at the ninth annual AZ Dealmakers at Westin Kierland Resort & Spa in late January.

still shows room for improvement. “We’re still not at a level that I would say is super healthy, but we’re at a decent level,” Belfiore explained. “We’re at 2.7 sales on average over the last 12 months per subdivision. We’d like it to be higher

– 3.5, 3.7, 4.0.” Annualized new sales contracts are up to 18,000. According to Belfiore Real Estate Consulting’s 2018 Annual See

Dealmakers on page 6

On Phoenix.org/NewHome Blog – What will 2018 bring The Vista at Granite Crossing

Cooley Station Gateway Airport is just one of the amenities of this community. Prices begin in the $280,000s. “Our Cooley Station communities offer abundant square footage, a feeling of openness, and privacy for new homebuyers,” says Doug Fulton, CEO of Fulton Homes. “Buyers will be surprised by the spacious feel of these homes. Also, each lot is maintained by the HOA, which means owners can enjoy a low-maintenance lifestyle.” Five different neighborhoods make up Cooley Station. Homes in the Union Pacific neighborhood range from 1,985 square feet to 2,500 square feet. Floorplans are two-story with garages and front yard landscaping and maintenance included. Up to six-bedroom and three-bathroom plans are available with two and three car garages.

In the Central Vermont neighborhood, floorplans range from 1,847 square feet to more than 3,500 square feet. Each home features a courtyard with a garage and some plans offer a detached casita. Homes in Boston & Maine feature plans from 2,200 square feet to more than 4,350 square feet. Homes in this traditional neighborhood have front-loaded, four-car tandem garages and paver driveways. The Seaboard neighborhood is Cooley Station’s low-maintenance living option. Front yard landscaping is included. Plans range from 1,677 square feet up to 3,000 square feet with front-loaded garages situated on traditional single-family lots. Cooley Station’s luxury neighborhood, Santa Fe, has homes starting from $450,000. Floor plans are large, ranging from 2,937 square feet to more than 4,700 square feet with front-loaded

garages and up to seven bedrooms and six bathrooms. Neighborhood amenities feature a 7,000 square-foot pool, a clubhouse with community kitchen, basketball and pickleball courts, neighborhood parks, and barbeques. Ira Fulton began Fulton Homes more than 40 years ago and remains one of Arizona’s largest family-owned and -operated homebuilders.


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