Sterling Grove by Toll Brothers in Surprise, located west of the Loop 303 at Cactus Road. Credit: LinkedIn
By Jeanine Jerkovic | City of Surprise via AZBEX
When you’re a city called “Surprise,” it’s safe to say that constant change is a bit of a norm, however 2020 accelerated more change than ever for us – and somewhat for the better.
After 2020, we could all use some positivity, and the top three 2021 economic growth trends to watch in Surprise and the Northwest Greater Phoenix might actually signal positive growth ahead.
Homes, Homes and More Homes
By the end of 2020, Arizona hit a 14-year peak in single-family home growth, closing the year with an estimated 40,800 single-family permits and an additional 46,900 single family permits estimated for 2021.
With a more-than 300 square mile planning area, Surprise is absorbing a tremendous share of this home growth, along with its West Valley neighboring communities of Peoria and Buckeye. Surprise is on target to add between 2,000-3,000 new single-family residences to its market each year for the next decade. Surprise is estimated to grow from a population of almost 150,000 today to 215,000 by 2030, according to the Maricopa Association of Governments.