What Bubble?
Well, once again there are continuing signs that we do not have a housing "bubble" in the Phoenix market. The Pivotal Group has announced the purchase and plans to develop over 3200 acres just west of Coolidge. The land is currently farmland, and will eventually hold up to 10,000 homes including an active adult community, schools, and large parks. This is just one more sign that this market continues strong. Recent developments like Pulte's Anthem near Florence and Coolidge, Pulte and Toll Brothers record setting purchase at Desert Ridge and many more show that the major developers with all their research feel good about this market. In addition to Coolidge, areas like Queen Creek should see continued strong development, as the areas beyond (like Coolidge) start to grow. Add to the mix, things like the Six Flags park that is planned for the Coolidge area and you show all the signs for continued strong growth.
Have a great week.
Adam Tarr and Sharon Kotula
Your Phoenix area Real Estate Source