In the bustling heart of north Phoenix, new housing developments are breaking the monotonous sprawl, instead opting for multi-hued homes with community charm. The recently announced Encanto at Bell Park, nestled near 12th Street and Bell Road, offers potential buyers a choice of 35 single-family homes, touting floor plans that stretch from 1,323 to 1,912 square feet. Those interested in staking their claim in this boutique development, with homes starting in the $400,000s, can get in touch with the sales team either by dialing 602-330-3148 or by submitting a contact form on their website, according to a news release obtained by KTAR News.
Encanto Living in partnership with Tidestone Partners, is behind the creation of Encanto at Bell Park—adding to over 150 homes built across the Valley since 2015. Keith Mishkin of Cambridge Properties expressed enthusiasm about matching individuals with these new residences. "We are excited to partner once again with Encanto Living to provide new and existing [Arizona] residents the opportunity to buy attainable new single-family homes in the metro-Phoenix area," Mishkin told KTAR News. Homebuyers will especially find the option of a 4.99% interest rate on a 30-year fixed loan attractive, in light of the significant impact interest rates have on the ongoing affordable housing shortage in the Valley.
As urban density becomes an increasingly strategic focus for developers, boutique builders are scouring Phoenix for these small parcels, a trend highlighted by Phoenix Business Journal. Mishkin commented on the elasticity of the market, noting the potential for new products to command a premium, "These types of infill communities typically do well," and emphasized the attractiveness of such developments with their proximity to workplaces and essential city services.
Contributing further to this shift, big national production homebuilders often overlook infill opportunities due to their preference for larger plots, leaving a sizable opportunity for smaller-scale, niche developers. "It is the same amount of work to create a 100-lot development versus 10 to 40 lots," Mishkin explained in an interview with the Phoenix Business Journal. Against the backdrop of a nationwide 12% decline in homebuilder sales, these meticulously crafted communities are attracting buyers and bucking broader market trends, as Phoenix's housing market continues to flex its adaptability and resilience.
