2013 Housing | Phoenix Metro Market Area

by Gary Peruzzini

Overall home sales in the region, including both new and existing homes, totaled 101,456 units in 2013. This compared to a 2012 total home sales of 2013 home sales, new home sales 2013, 2013, phoenix home sale statistics, scottsdale sales 2013102,837 units, with an aggregate decline of 1381 home sales and 1.34% overall in 2013, representing an essentially flat total home sales market for 2013 in the Metropolitan Phoenix area with 2012.

Pulte Homes and Taylor Morrison Homes capture the honors for 2013 “builder of the year”.
Pulte Homes was the overall top homebuilder if we combine their Pulte Homes division (809) with their Del Webb division (408), logging 1217 new home closings in total. Pulte Homes combined with their Del Webb division had a total of 973 new home permits for the year which would make them the overall permit leader in the region.

Taylor Morrison is the “builder of the year” for new home closings in a single housing division with a total of 878 closings of new homes in 2013. Meritage Homes wins top builder honors for permits issued in 2013 with 957 new home permits, followed closely by Taylor Morrison with 943 new home permits for the year. William Lyon Homes’ community Villas at Hastings Farms was the top producing new home community in the Metro Phoenix area based upon 2013 new home escrow closings.

New home prices in the Metro Phoenix housing market rose 5.99% in December after losing 0.18% in November. The current new home median price of $301,904 (based upon actual prices of all new homes closed in December 2013) represents a 20.69% increase in the median price of a new home in the region since December 2012 when the median price was $250,141.

Coupled with rising mortgage interest rates this increase of $51,763 in the median price of new homes will clearly impact potential homebuyers in the region.

The results of 2013 do represent a market recovery of sorts for new housing after the dismal and long period of the Great Recession, but at the same time the results of 2013 demonstrate clearly that everyone involved with housing in this region needs to understand that our expectations for housing market activity in the future should not be based upon the results we saw in the “bubble” of 2005 and 2006.

NEW HOME CLOSINGS Dec 2013

Sales for Month 1,097
Same Month Last Year 1,110
Percentage Change -1.17%
Year to Date Closings 11,408
Year to Date Last Year 10,034
Percent Change 13.69%

PERMITS

Permits for Month 953
Same Month Last Year 668
Percentage Change 42.66%
Year to Date Permits 12,785
Year to Date Last Year 11,615
Percent Change 10.07%

RESALES

Resales Last Month 6,367
Same Month Last Year 7,076
Percentage Change -10.02%
Year to Date Resales 90,048
Year to Date Last Year 92,803
Percent Change -2.97%

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