This article by Philip Haldiman does a great job in describing the reality faced by homebuyers in on of the country’s largest counties. While Valley of the Sun real estate agents understand how limited the market is, people looking to move into Arizona’s largest metro will find the going is tough. Benjamin J. Katz, owner … Read more
The City of Avondale Planning Commission has recently approved a new multifamily development named Avari Apartments. The developer plans to build 354 urban style apartments near Avondale Boulevard and 117th Avenue. According to the city’s analysis, the project includes “open space and amenities greatly exceed minimum requirements and address multiple demographics.” Development Plan
Master-planned luxury housing has historically flourished in the West Valley. Verrado, and sister development Victory, alongside Estrella Mountain Ranch and Vistancia, have remained lucrative residential hot spots. Housing in these communities starts in the upper $300,000 range, with Vistancia closer to mid $400,000 — a reinforcement of the rising average household income of buyers and their … Read more
Another west valley single-family development has broken ground in Avondale. Named Acclaim at Alamar, Shea Homes is offering four home plans near I-10 and Loop 202, making Phoenix and the entire metro area within an easy drive. According to Shea Homes, the new builds will feature “one- and two-story floorplans ranging from ~1,746 to 2,648 … Read more
After a couple slow months, national homebuilder purchases of lots has begun picking up in the Phoenix area. Denver-based Richmond American Homes recently plopped down $4.54 million in cash for 112 lots at Vistancia Village in Peoria, according to Vizzda LLC real estate database. The partially finished lots are north of the northwest corner of … Read more
Stats from Arizona Multiple Listing Service indicate a 21.5% decrease in new listings in metro Phoenix. However it’s not all bad, as the median price for new listings has gone up 7.1%. Check out this report from ARMLS.
By Mike Sunnucks | Rose Law Group Reporter Phoenix-based Raintree Investment Corp. is developing a 435-lot new residential development in Avondale at Buckeye Road and 107th Avenue. The Avondale development is called Vista del Verde. Chris Janson, executive vice president for Raintree, said, said the first 140-lot phase has been completed with Richmond American Homes constructing … Read more