Arizona Republic
Metro Phoenix has long been known as an area that grows outward, with new affordable communities stretching its edges farther and farther.
But lately the most sought-after land by homebuilders is closer in. Infill sites from central Phoenix to south Scottsdale and Tempe are drawing both builders and homebuyers.
Scottsdale-based Meritage Homes recently paid $9 million for the old Paddock Pools corporate headquarters in south Scottsdale on Thomas Road near 64th Street. The homebuilder is planning a condo project similar to its Madison Place project in central Phoenix, which sold out last year in six months as prices in the project climbed by $50,000.
Statement by Jim Belfiore, real estate consultant: “Infill is ‘in’ largely because the areas where infill housing is being constructed have not had new housing for several years. Potential buyers already reside in the area; and they have waited for new construction. Many times homebuilders opening in these locations will have interest lists in the hundreds prior to opening.”
