No Surprise Here

The AZ Republic is doing a series of articles on housing affordability in Gilbert. Both potential homeowners and current Gilbert residents are not at all surprised by this comment:

Gilbert has gone from a place where you can get a lot more house for the money to one where you can get a lot more money for your house.

It's nice to have our home values increase, of course, but it becomes difficult to "move up", as they say.

Prospective home buyers are seeing the house of their dreams increasing by thousands of dollars a month while they wait the chance to buy a premium lot on what was a alfalfa field a couple of years ago.And, those looking at existing Gilbert houses are seeing a 33 percent price increase during the last year.

Read the whole article, and respond to their survey, if you are so inclined.

In the meantime, our office has begun to talk to folks in the apartment industry. Apartments would provide the ability to live in Morrison Ranch for those folks that can't swing the purchase of a house just yet. The southeast corner of Highland Groves (where the big dirt pile is at the moment) is zoned for apartments. It's very preliminary, but I'll keep you posted if anything happens on that.