Affordability driving home sales in West Valley, where master-planned communities prevail

 
Homestead at Marley Park

New home sales have picked up in recent months

By Angela Gonzales | Phoenix Business Journal

Of the 10 top-selling metro Phoenix master-planned communities, eight are in the West Valley, according to a new report.

Issued by Belfiore Real Estate Consulting, the KnowledgeBase Current and Future Market Insights July 2019 report found that D.R. Horton and Meritage Homes Corp. (NYSE: MTH) each maintained three of those top spots between mid-June and mid-July.

Marley Park, Meritage’s 200-acre master-planned community in Surprise, is one of those top-selling communities taking three of the 10 top-selling spots. And one of Meritage’s top executives knows exactly what’s spurring the sales: more affordable prices.

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