New Townhome Community From Tri Pointe Homes Opening In Gilbert
Tri Pointe Homes — formerly known as Maracay — is opening a new community in Gilbert.
Called The Towns at Annecy, this community of 251 townhomes will be the last opportunity to purchase a new home in the Annecy master plan, said James Attwood, division president for Tri Pointe Homes.
Tri Pointe has nearly sold out of its first community at the Annecy master plan, called The Lakes at Annecy, which features 216 homes. Of those, 84 were sold last year.
Attwood said he expects The Lakes at Annecy to sell out by the end of the year, which is why he’s opening model homes for The Towns at Annecy.
“We’re able to offer a little more attainable price point in an incredible location,” Attwood said.
The community near Loop 202 and SanTan Village Parkway, is within walking distance of SanTan Village and the Shops at Val Vista, Attwood said.
“You don’t get many opportunities to have 251 homes in a location as spectacular as this is,” he said. “For people who want to be in that location in that school district and be able to have a brand new home, this is an incredible unique opportunity.”
While prices start in the mid $300,000s at the Lakes at Annecy, prices will start in the high $200,000s for homes at The Towns at Annecy, he said.
Homes will range from nearly 1,200 square feet to 1,921 square feet at The Towns at Annecy.
The Scottsdale homebuilder paid $13.25 million for that last remaining parcel at Annecy in September 2018.
Demand is skyrocketing for new home sales, said Jim Belfiore, founder of Belfiore Real Estate Consulting.
In his Feb. 5 livestream market update, Belfiore said homebuilders can’t build homes fast enough to keep up with demand as existing home supply remains low.
Within the last 30 days, metro Phoenix has averaged 4.2 new home sales per subdivision, up from 3 sales per month a year ago.
“Supply is not going to meet demand in the foreseeable future,” Belfiore said. “My concerns are related to affordability.”
Some homebuilders are taking interest lists, while others are going to lottery systems that limit the number of homes sold each month — something Belfiore said he started seeing last fall amid high demand.
Attwood said he doesn’t use lotteries for purchases, but instead uses a priority list for customers looking to purchase.
He said he’s ahead of those challenges, so customers won’t have to wait.
“We made the decision to start many homes ahead of opening, so like most other builders right now, we have a large number of move-in-ready homes that customers can purchase right at grand opening,” Attwood said. “For customers looking to purchase a new home and move in quickly, The Towns at Annecy is the perfect opportunity.”