New home sales begin to stabilize in Phoenix

New home sales begin to stabilize in Phoenix There are signs of stabilization in new home sales in the Phoenix area, according to recent real estate sales reports. New Homes in October…

New home sales begin to stabilize in Phoenix There are signs of stabilization in new home sales in the Phoenix area, according to a recent real estate sales report. Sales of new homes in October increased compared with the previous month, and the number of sales in the first three months was also higher than in the same period in 2010. In October 2011, 584 new homes were sold, compared with 553 in the same period last year. The average sales price for new homes is $262,603 ​​and the average price for older homes is $153,987. The median price of a new home is $219,504, compared to just $110,000 for an older home. 543 building permits were issued in 2011, compared with 485 a year earlier. The top three new home sales were Pulte Homes, DR Horton, and Shea Homes. Looking at the national situation, the number of new home sales increased by 1.3%. For more real estate news, please contact Goldtrust Realty Tinna Tel: 480-287-0180 E-mail: goldtrustrealty2010@gmail.com