By Allen Henderson, AFN Guest Writer After a strong showing in the first half of 2020, the July Ahwatukee real estate market continued to expand with the number of units increasing and the average price of closed properties rising. If we look at the July real estate sales results, the average sale price in Ahwatukee … Read more
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
According to Zillow, the median home value in Arizona is $277,574. Arizona home values have gone up 7.5% over the past year and Zillow predicts they will fall -0.5% within the next year. The median list price per square foot in Arizona is $166. The median price of homes currently listed in Arizona is $299,900 … Read more
While COVID-19 continues to wreak havoc on the national economy, the Phoenix area continued to be a “hot-spot” (pun intended) for real estate and homeownership during the 4th quarter of 2019 before the global pandemic began to impact the Grand Canyon State. According to the National Association of REALTORS® 4th quarter local market report, the … Read more
It has taken several years, the extraordinary effort of Cave Creek employees, the Water Advisory Committee, and a determined Town Council. With the Passage of the 2021 Town Budget and the new Water Rates, a comprehensive plan is being executed to create the Cave Creek and Desert Hills water system of the future. While the … Read more
The League of American Bicyclists has awarded Phoenix its Bronze-level award for being a Bicycle Friendly Community. The League represents bicyclists in the movement to create safer roads, stronger communities. Through education, advocacy and promotion, we work to celebrate and preserve the freedom cycling brings to our members everywhere. To learn more about the Bicycle Friendly … Read more
JLL Capital Markets announced today that it has completed the sale and financing of Capital Place apartments located at 11 S. 12th St. in Phoenix, Arizona. Capital Place was built in 2016 and contains 292 multi-housing units within two five-story buildings. A high-demand apartment community, resident amenities include a resort-style swimming pool, state-of-the-art fitness center, clubhouse, spa, access … Read more
CBRE has negotiated the sale of Lyra Residences, an 18-unit luxury townhome rental community comprised of two-story smart homes. Long Beach Trading Company Inc. acquired the property from Lyra Residences 38th St, LP, for $8.11 million or $450,333 per unit and $253/sq. ft. The transaction represents the highest sale in terms of price per unit this … 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
Industrial real estate investor and developer CapRock Partners closed on two rounds of funding totaling $180 million for one of its industrial value-add funds, some of which will be used to buy and operate Phoenix-area real estate.