By Philip Haldiman, Editor-in-Chief | Dealmaker
When people are camping out to buy one of your houses, that’s a good sign for your new development and the industry.
Four people were in line by mid-week and by Thursday morning nearly 20 couples were waiting to buy a home at the new Mulberry community in Mesa, officials said.
Builder Blandford Homes will begin selling Saturday, 9 a.m., at Signal Butte and Guadalupe Road.
Sales associate Gale Richardson told Dealmaker she anticipates Blandford Homes to sell more than 40 spec homes this weekend.
“I don’t know the exact number, but it wouldn’t surprise me if it’s closer to 60,” she said.
The 192-acre development is slated for 546 homes with four collections, starting at the low 200s, ranging from 1,700- to 4,300-square feet. The development also includes a shopping center anchored by a Fry’s Marketplace.
Richardson said residents will have no more than a five minute walk to a centralized park, which includes sport courts, playground, pool, fitness and multi-purpose rooms as well as a lawn area for events.
Desert Ridge junior and high schools as well as two elementary schools are also nearby.
Sales associate David Falk told Dealmaker one of the biggest draws for buyers is Mulberry sits outside the nearby Eastmark Community Facilities District. Municipalities form CFDs in cooperation with private developers to finance public infrastructure improvements, with future costs to residents to pay the developers back.
Falk said not having the CFD will give residents lower property taxes.