Building Costs Per Square Foot in the City of Mesa (AZ), USA

Residential Construction Market Analysis in the City of Mesa (AZ), USA

Newly Built House in Mesa 3631 N Sky Point Cir AZ85207 – 5 Bedrooms and 6 Baths with 8 Attached Garages on Gross Floor Area 7,708 sqft – Built in 2009 – Price $3,495,000

Newly Renovated House in Mesa 3631 N Sky Point
Cir AZ85207 – 5 Bedrooms and 6 Baths with 8
Attached Garages on Gross Floor Area 7,708
sqft – Built in 2009 – Price $3,495,000

Building costs are 3% above the national average in the City of Mesa in Arizona. If you are looking to buy a property, then Arizona represents one of the best opportunities thanks to its affordable prices. Phoenix and Tucson may be their best-known cities, in fact, we also did some articles about them, but here we will focus on the city of Mesa.

This city is a true hidden gem, with more than 500 thousand inhabitants, it has a growth that does not seem to be close to stopping, at least not shortly. This growth is reflected in the real estate market, with better percentages in recent times.

Continue reading this article to learn more about the real estate market in Mesa, Arizona. Here you will find everything from the construction outlook, to current prices and those that are coming in the next few years, including the next residential construction projects.

Mesa (AZ) Construction Outlook

Mesa is a city in Arizona, but it is actually considered a town due to the type of buildings it has. Their construction outlook is mostly single-family houses, and there aren’t many buildings.

If you go to downtown Mesa then you will come across some very popular townhouses. There are only a couple of buildings that you can practically count on your hand. Although there are few buildings, they are quite large and old.

It does not have a modern construction outlook, on the contrary. In Mesa, the spirit of small-town Arizona is followed. Even in the center, you can find single-family homes that are modest in style, right from the 90s. You won’t find many modern constructions, as even the new ones retain the architectural style of the city.

Most of the properties are made with cement and bricks, but in the outskirts, there are some prefabricated houses. Prefabricated houses are made of wood, and do not usually have many problems with weather conditions, so they are a good option.

Mesa (AZ) Housing Market Analysis and Forecast

The real estate market in Mesa (AZ) is growing steadily and with quite optimistic numbers for experts. Overall there was a 10% increase in property values. To be more specific, condo/co-op properties had a 13% increase in their values, and townhouses increased by 14%.

Houses take up to 45 days to sell. This means that since they are officially listed, that period passes until the sale is finalized. If the property is reserved but not sold, then it does not change the average. During 2021 the average number of days was 30, so it can be said that it got worse during this year.

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