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Market Update

A market update for Las Sendas, North East Mesa, and East Valley residents who want to keep an eye on the market!

New Home Permits May 9

Larry Bearse

May 9 - The detailed single family permit counts have finally been released for March by the US Census Bureau. The total for Maricopa and Pinal counties is confirmed as 1,797, which is the highest monthly total since August 2007. It is also an increase of 25% over March 2015.

For the first quarter of 2016 we can now show 4,436 single family permits in total, up 33% from 3,333 last year and the highest number since 2007, when there were 8,710. The top locations so far in 2016 are:

  1. Phoenix 656 - up 47% from 445 in Q1 2015
  2. Mesa 478 - up 76% from 271
  3. Gilbert 468 - down 1% from 475
  4. Peoria 374 - up 22% from 307
  5. Unincorporated Pinal County 358 - up 37% from 261
  6. Chandler 340 - up 73% from 196
  7. Buckeye 314 - up 64% from 191
  8. Queen Creek 239 up 24% from 192
  9. Scottsdale 212 - up 13% from 187
  10. Goodyear 200 - down 17% from 242
  11. Maricopa 200 - up 36% from 147

So Mesa and Chandler are the two cities with the fastest growth in new home construction while Goodyear and Gilbert are decelerating.