Maracy Homes’ Oro Valley Community offers snapshot of industry’s record breaking growth
ORO VALLEY, AZ – Since opening just seven months ago, Scottsdale-based Maracay Homes’ Center Pointe Vistoso community in Oro Valley has sold an average of one home every 48 hours (100 homes in 200 days), reflecting the submarket's pent up demand for an option with this level of product diversity and amenities. The success of the community, located in the Tucson, Arizona, suburb of Oro Valley, offers a vivid snapshot of the national housing industry’s record-breaking growth, which saw 2016 new-home sales climb 9.3 percent in the second quarter compared to the first quarter, according to the Commerce Department.
In fact, the success of the community is driving the market recovery on a local level, where the 343-homesite neighborhood accounts for 60 percent of Oro Valley’s residential building permit volume this year. Additionally, one in every 11 homes started in Tucson (excluding age-restricted housing) has been at this community.
“Center Pointe Vistoso is the only option in this submarket with this level of product diversity and amenities, which is a big reason one in every 11 homes started in Tucson this year (excluding age-restricted housing) has been at this community,” Maracay Homes Tucson Vice President James Attwood said. “As the national housing market improves, Center Pointe Vistoso is driving the market recovery on a local level.”
Located on one of the final and best parcels within Oro Valley’s Rancho Vistoso master-planned community, Center Pointe Vistoso is the largest new-home project to open in Tucson since 2008 and is reinvigorating an area that has long been adored for its captivating views of the Catalina and Tortolita mountain ranges. With interest in new-home purchase opportunities far out-pacing Rancho Vistoso supply, the region has been building pent-up demand for several years.
“Rancho Vistoso has been one of the most desired master-planned communities in Tucson for nearly 30 years,” said Maracay Homes President Andy Warren. “As new home lots became scarce in the master plan, Maracay recognized the value of this community and invested in the details to create a unique opportunity that buyers are responding to.”
The community comprises 343 premium homesites, located within six strategically planned gated neighborhoods. Home sizes range from approximately 1,400 to 4,000 square feet, offering a style for every type of buyer, including singles, families and empty nesters. Each neighborhood is connected by a dynamic, multi-purpose trail system that passes by a butterfly garden and other gathering spots before leading to the 6,000-square-foot luxury swim complex and a large, grassy park with shaded playground equipment and picnic stations.
Home styles feature a mix of executive, vacation (lock and leave) and family designs crafted to keep pace with current lifestyle trends and Arizona homebuyers’ preferences. Each Center Pointe Vistoso plan includes FlexDesign® selections for optimum customization. All homes are Energy Star® certified and include Maracay Homes’ LivingSmart® program for high performance and cost efficiency.