Great News For Gilbert

Dated: 04/27/2016

Views: 385

Image title

Earlier in April, the website Realtor.com released their list of America’s Top Boom Towns. The top spot on the list belonged to Gilbert, Ariz., followed by Los Angeles, and Dallas. According to the website, these towns are booming with new home construction, jobs being created and an extraordinary increase in numbers of households – the golden standard for housing market growth.

“The strength of the residential real estate market is closely correlated to growth in jobs and households,” said Jonathan Smoke, who is a Chef Economist for Realtor.com.

“The good news for these markets is that these growth factors have already started to translate themselves into new construction. However, at the same time, it may be a year or so before some of the markets on our list start to see an increase in inventory. If anything, this list is a road map for where builders should be thinking about where to break ground next.”

The towns topping American’s Top Boom Towns list are all demonstrating extremely strong growth in jobs, household formations and housing starts. Each and every market on the list has experienced an increase of one to five times the average job growth of the Top 100 counties in the country.

They all also have household growth between one and seven times that of those Top 100 areas, too. The economists at Realtor.com also predict that they expect each of these towns to see a projected growth in households of between nine to 19 percent over the next half decade.

Gilbert, part of the Phoenix metropolitan area, is located just 30 miles east of downtown Phoenix and has close proximities to where GoDaddy and PetSmart have large operations. It’s appeal to snowbirds and year-round residents alike mean it is no real Surprise that it is an area on the rise.

Latest Blog Posts

May 2020 Stacie Muller Team Real Estate Insider

Hello - I hope this newsletter finds you all safe and healthy.  What a crazy time we are currently living in.  Who would ever thought this is what the start of 2020 would look like.

Read More

UPSIZING YOUR HOME

UPSIZING YOUR HOMEUnfortunately, our homes don't always grow with us.  What may have initially worked fine for a single person, a young couple's starter home, or a family with a newborn can

Read More

Some Quick Links That Could Help You Find A Great Deal In The Surrounding Phoenix Market

Down below are some "Quick Links" that show you specific lists of potential "Propertunities" In Phoenix AZ. If you're looking for a great deal on a home or investment property in the

Read More

OMG A Home Under 100K

34682 N. Camino LargoSan Tan Valley, AZ 85140Check out this 3 bedroom 2 bath Single Family (Not Manufactured) home located on a 8,000+ square foot lot.  This 1,198 square foot home is the

Read More