The new home market was stronger in September than it has been for many years, at least as far as unit volume is concerned!
997 deeds were recorded across Maricopa County for newly constructed single family and condo properties. This is the highest unit total since December 2008, when George Bush was still president. New homes represented 12.2% of the deeds recorded in September. This is not an exceptional percentage. In fact we have seen 8 months with higher percentages since October 2012. Year to date, new home have represented 9.7% of deeds recorded, down from 10.1% during the same nine months of 2014.
This information is provided by The Cromford Report. The content of the Cromford Report™ is provided on a subscription basis to ARMLS subscribers only. Robin Rotella, Branch Manger of Keller Williams Gold Canyon Branch office is one of approximately only 4% of local agents who subscribe to The Cromford Report.
The data used to create the Cromford® Report is obtained from public records and obtained under license from the Arizona Regional Multiple Listing Service, Inc (ARMLS). Cromford Associates LLC and ARMLS expressly disclaim and make no representations or warranties of any kind, whether express, implied or statutory, as to the accuracy of the data used or the merchantability or fitness for any particular purpose.