Good news for the Mesa real estate market as new housing activity more than doubled in the last three years
During the 2011 year, the city only issued 414 new home permits for new construction, while during the most recent fiscal year, which ended June 30, Mesa issued 982 permits; nearly double from two years prior. In June alone, 146 new home permits were issued, and that is a single month record, greater than any month in the last five years. Mesa beat out the national trend where new home construction dropped unexpectedly in June. I personally know of some small developers that are working on some 80 to 120 unit developments over in Mesa and they are confident they will sell through the inventory quite quickly.
If you want to read more, click here to see an article published by The East Valley Tribune.