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The Maricopa Housing Market Rebound
Gets National Recognition

Fulton Homes returned to Maricopa
just as the market was poised to recover


Glennwilde


After a devastating hit during the recession, the Maricopa housing market is back after about 1,000 permits were issued in 2018 with the help of valley-homebuilder, Fulton Homes. The outlook is so positive, in fact, that the Wall Street Journal did a write up about the thriving community in March. During the depths of the housing downturn in 2010, only 110 permits were issued and 4 out of 5 homebuilders in Maricopa went bankrupt. Things have certainly changed. So much in fact that Jim Belfiore, Valley based housing economist, notes that Maricopa is actually driving gains in the housing market as a whole in his December release to builders.

Fulton Homes anticipated a housing turnaround in the exurban communities such as Maricopa in 2017, leading to the introduction of their Glennwilde community in Maricopa. "Maricopa has once again become a booming population center as homebuyers are willing to drive further for cheaper and more inclusive housing," said Dennis Webb, Fulton Homes V.P. of Operations. "With all of the commercial and residential growth we have seen in Maricopa in the last few years, I have no doubt in my mind that we will not only see an increase in new home permits issued this year, but Maricopa will become one of the most highly desired and affordable places to live in the Phoenix area," Webb continued.

Fulton Homes "Glennwilde" community playing a significant role in the growth of the Maricopa market with their pre-mature venture back into Maricopa housing. The success of the community has proven that homebuilders can once again build homes in Maricopa that will not accrue losses. The new community sold more than 25% of the 400 planned homes by the 4th Quarter of last year.

Homes in Glennwilde start in the low 200's, offering four series of homes and 49 different floor plans. Buyers can choose from single story, loft and two-story floorplans, some featuring garages with up to five garage bays. Fulton Homes exclusive Fulton Features program gives homebuyers in Glennwilde a generous offering of standard features.



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