Wednesday, October 17, 2007

Pulte Homes Silver Sky at White Tank Lowers Base Price $100,000

Builders are finally responding to the market and changing their pricing. Pulte homes just lowered the base price of all their homes $100,000 for Silver Sky at Whet Tank Foothills Discovery Series. Previously they were offerring incentives upto $80,000 and now they have decided to just lower the base price. Out in the Surprise area just about all the big gains of 2004 and 2005 have been given back as the market has swung from a seller's market to a buyer's market. For the resale seller, new builds are a problem. Buyers in general will pay 10 to 20% more for the base price of a new build than for a resale home. It is crazy, but I have seen it happen for years. There is a certain excitement about being the first owner and choosing all the colors and upgrades.

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