Silverleaf value on the rise in 2014
New products and spec homes bringing in buyers and investors
Scottsdale, Ariz. –July 18, 2014 – The first five months of 2014 have set a strong pace for the year in DMB’s Silverleaf community. The foothills of the McDowell Mountain Preserve has brought buyers and builders into the canyons to experience the exceptional lifestyle and views of Silverleaf. So far in 2014, there has been a 20% increase in units sold and a 36% increase in the price per square foot over last year.
Silverleaf is setting a strong pace in the luxury home market. Increases in home values and limited inventory have pushed pricing up over the past few months. New products like Sterling at Silverleaf and Cullum Homes’ newest offering, The Village at Silverleaf, are attracting new buyers and homeowners in the community who are looking for a different home. The Village at Silverleaf is set adjacent to the first tee and driving range at Silverleaf’s Golf Club and will offer 12 semi-custom villas and seven club cottages designed to reflect the architecture of the iconic Clubhouse. Half of these homes at the Village at Silverleaf are already under reservation and a waiting list is being developed for the public. Pricing will be available in late fall.
“Silverleaf buyers understand the value of living here. They follow the market and know that Silverleaf is a sound decision in the long term,” said Mike Sweeney, designated broker for Silverleaf Realty. “Most buyers experience the views and the Silverleaf Club and know it’s the right place for them. Then it’s a matter of moving quickly on a home because many of these homes aren’t on the market long.”
Here are some of the highlights from January – May 2014:
- 14 homes closed in Silverleaf in the past five months.
- The price per square foot on homes sold increased by 36% over 2013.
- 23 homesites closed at an average price of $1,294,083.
- Homesite prices increased again this year – up 40% over one year ago.
- 65 homes are under construction in Silverleaf.
- The Village at Silverleaf debuted to Silverleaf owners and many of the 19 units are already under reservation.
- Sterling Estate Villas have seven villas in progress and three Estate Villas have already been sold. Models are anticipated to open in August 2014.
