By Mike Sunnucks | Rose Law Group Reporter
Avondale, Tolleson, Goodyear and west Phoenix continue to show strength in the regional housing market.
And more new subdivisions are on the way geared towards first-time and entry price home buyers, according to real estate expert Jim Belfiore.
“It’s really hot in terms of demand,” said Belfiore, who is president of Belfiore Real Estate Consulting.
The West Valley submarkets are also seeing more residential and real estate growth sprouting near the new South Mountain Freeway, Loop 202 extension connecting to The East Valley and bypassing downtown Phoenix.
Belfiore said Avondale does not have any new active subdivisions. “The last one sold out in early August,” he said.
That is slated to change with 18 new subdivisions in Avondale or on its borders with Goodyear, Tolleson and west Phoenix.
Belfiore said new homes prices in the West Valley markets are in the $250,000 to $300,000 range making them popular with first-time buyers as well as those buying homes against after the last recession.
Belfiore said Garrett-Walker Homes, Lennar, Meritage Homes, Beazer Homes, Woodside Homes and Mattamy Homes all have new developments coming online in the West Valley.
He also points to Fulton Homes re-entry into the West Valley with its new Estrella Commons development in Goodyear as well as D.R. Horton Homes and Richmond American Homes building at the new Tuscano subdivision in west Phoenix.
“The Loop 202 is going to open up the area,” said Belfiore.
