2021 Promises to be a Another Strong Housing Market
Dove Mountain, home to the 5-Star Ritz-Carlton Resort & Spa, is a luxury community offering spacious and highly customizable homes. The community is known for its stunning desert and mountain vistas, championship golf courses and access to world-class dining, fitness centers, and 50+ miles of Tortolita Mountain trails.
The Pandemic is driving a surge in golf club community home sales
According to a recent article in the Wall Street Journal, communities like Dove Mountain across the nation are flourishing, driven in part by families fleeing densely populated urban areas for more natural settings close to high-end amenities and outdoor activities like golf and tennis.
Newly constructed homes may sell more quickly
Zillow’s 2020 Consumer Housing Trends Report revealed that 40 percent of the buyers they surveyed were only interested in brand new homes, as compared to 32 percent in 2019. The report also found that new home buyers, on average, spent only four weeks finding a home, which may be due to fierce competition. Zillow concluded their findings pointing out that “buyers continue to appreciate the ability to customize their homes and believe that a newly constructed home is the best value for their money.”
Experts believe the 2021 housing market will be strong
Tucson’s 2021 housing market promises to be strong. One key factor is a homebuyer’s dollars go much further at Dove Mountain. An equivalent luxury home in Phoenix — offering similar quality, amenities, views, active lifestyle, and natural desert open space as Dove Mountain — would easily be 18 percent more expensive. In fact, luxury homes in Dove Mountain offer a variety of lifestyle options starting in the high $200Ks.
Interest rates will remain favorable
Industry experts predict mortgage rates to stay low. The Mortgage Bankers Association (MBA) predicts the year will start off at a 3.1% average rate for 30-year loans, while Fannie Mae expects an even lower 2.8%. Freddie Mac projects a 3% average across the entire year.
Will you have more homes to choose from?
Tucson is notorious for having low housing inventory. At Dove Mountain, homebuilders are keeping up with demand and for those who want to build a truly unique home, a selection of 2 acre+ custom homesites remain available in the Canyon Pass neighborhood with a variety of unspoiled mountain, canyon, golf and city views.