Peoria Arizona New Home Permits Increase

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Home building, which nearly came to a screeching halt during the housing crisis, has begun again in Peoria Arizona. Peoria has seen a 76 percent increase in permits over the last 12 months, according to the Home Builders Association of Central Arizona.

536 permits have been issued in the city of Peoria this year. We are still down from 2005 where 2,098 permits were issued but we are picking up steam showing some recovery in the market.

This is great news for the city of Peoria. With each home that is built, Peoria charges permit and impact fees that adds money to their coffers. We are seeing new homes being built in north Peoria.

One area is Vistancia, a master-planned community. Learn more about Vistancia at http://homeisyourcastle.net/blogs/9/vistancia-master-planned-community-v... According to Vistancia Vice President and General Manager Mark Hammons, “We’re seeing a robust sales pace,” Hammons said. “It’s hard to say what 2013 will be like. I can see us selling at our current pace or maybe a little better in 2013.”

Homebuilder Taylor Morrison in February opened its subdivision in Blackstone, one of three communities within Vistancia. “We’ve been selling above our projection and I think we will probably be sold out in Blackstone by the end of spring next year,” said Pierrette Tierney, vice president of sales and marketing for Taylor Morrison.

If you are looking to purchase a new home then take a look at north Peoria. Our RE/MAX office is located in north Peoria where all this new building is happening.

Give us a call or stop by and we'll be happy to show you what's new in Peoria. Office: 623-436-5700

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RE/MAX Renaissance Realty

9059 W Lake Pleasant Pkwy Ste B200, Peoria, AZ 85382 | Phone:(623) 486-5700

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