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When Is the Market Going to Cool Down?

February 12, 2007, Mesa, Arizona--
 

Cornerstone Homes is unable to keep an inventory of homes in their new Sienna community. The market for the homes available in this community is hot. Cornerstone Homes wonders when the market will cool down. Keeping production levels high barely enables them to fulfill the demand for new homes; much less get ahead and offer spec homes or keep an inventory of move in ready homes. Sales are high; higher than company projections week to week.

 

In comparison to the real estate market in general, Sienna is an exception to the rule. Cornerstone Homes' marketing executives have been researching the potential variables that may have led to the hot pocket amid the overall cooling state of Valley real estate. They have come to the only reasonable conclusion that Sienna offers an overall package that is the perfect product for the current market. All of the following contribute to the overall package: value pricing, desirable community and home design and, last but not least, a rare central location.

 

The pricing at Sienna ranges from $164,900 to $193,900. In comparison to the average home price in the Valley this is a low range. Sienna homes offer more home for less money in comparison to other options with similar advantageous locations and design.

 

Desirable community and home design are both a necessity for a successful residential area. Cornerstone has spent 12 years honing their knowledge and skills in providing both for their residents. Cornerstone Homes' designs are based upon their desire to provide excellence through innovation, initiative and integrity.

 

Sienna’s location in the heart of East Mesa on 96th and Broadway is a rare find. While there are many new home communities with good locations, there are not very many new home communities still available with central locations. Most new home communities are located on the outskirts because that is where the land is available. When Valley residents are offered a new home in the midst of the area they are already comfortable living in they see this as an added amenity. There’s just something about living in the city; no matter how developed the outskirts become.

 

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