By Karen Schutte | Real Estate Daily News
SAHUARITA, ARIZONA – As reported last month, the first phases of Entrada Del Rio subdivision in the Master Planned Community of Rancho Sahuarita has all its lots either sold or under contract. Meritage Homes of Arizona recently bought 74 P&E lots here for $976,800 ($13,200 per lot). Meritage will finish the lots.
Demand for new homes is being driven by historically low mortgage interest rates, a shortage of used homes for sale, and an increased need for homes that can accommodate entire families working from home more than ever before. Many of those families are choosing safe suburban communities rather than crowded urban centers and many often prefer to purchase a home virtually rather than physically.
That is exactly what Meritage offers. 100% of its communities are open for both in-person and virtual sales, and its virtual selling capabilities have been very beneficial. More than half of its communities are designed for the entry-level market with a wide selection of affordable homes ready for quick move-in, while its streamlined design selection process in Studio M allows first move-up customers to move quickly into a new home.
