Builders in our Area-Have they sold their specs?
6-Month Spec Count
The spec inventory count is now at 3,233 units, 775 less than six months ago. The spec count has dropped quite a bit in the past couple months, but this number is still well above the previous record of 2,400 (prior to January 2006) by 833.
6-Month Subdivision Count
Now at 1,056, there are 49 less subdivisions than six months ago. The number of new home subdivisions seems to be stabilizing as well. At the end of last year the builders in the Phoenix, Arizona area had an abundance of inventory home (specs) to sell.
As you’ll see from the charts above the number has dropped but as you can see they are still sitting on more homes then usual (3,233 vs. 2,400). Does that mean the deals are still good? Absolutely! Watch for next weeks article after I’ve visited builders in the far West Valley. I’ll update you on some the prices and incentives you could expect when you and I are out looking. DR Horton, Taylor Morrison and Ryland Homes seem to moving homes so I’ll go out and find out how they’re doing it.
When considering a move to a new construction please remember that REALTORS can help you. Why use an agent? The same reason you always use an agent, to ensure you are represented in this transaction…remember builder reps work for the builder-Not You!
