Phoenix Metro Area News and Resources
Avondale, Buckeye, El Mirage, Glendale, Goodyear, Litchfield Park, Peoria, Sun City West, Surprise, Tolleson, and Youngtown

Specializing in the
Northwest, Central and West Valley

Search available West Valley Homes FREE through our MLS NOW!

Valley homeowners may have to settle into homes
It may sound quaint, but once upon a time, back in the early 2000s, people bought houses in the Valley because they liked the layout and the amenities. Or the neighborhood. Or the convenient drive to work, shopping or recreation.

Metropolitan Phoenix's housing boom radically changed all that.

DMB unveils northeast Valley project

A well-known Valley home developer is the latest player to firm up plans for luxury live-work-play hubs in the northeast Valley. DMB Associates Inc., the Scottsdale company behind Verrado and DC Ranch, plans to build up to 1,100 residences and 1.8 million square feet of shops, restaurants, hotels and offices with underground parking on the northeastern corner of Scottsdale Road and Loop 101.

New-home sales rise despite falling prices. Phoenix market expected to return to normal after a robust 2005

In metropolitan Phoenix, demand for new homes is expected to continue to slow from last year's record pace as builders sell through "spec" or speculative-home inventories caused by buyers backing out of deals. Analysts say the local housing market is returning to a more normal pace after last year's frenzy.

Valley tackles cooling market
Metropolitan Phoenix's housing market started 2005 with a bang but ended it amid concerns of a price bubble. Home values soared and houses sold within days in most neighborhoods during the first six months of the year. But then investors began to bail, listings climbed and asking prices stared surpassing home appraisals.

Luxury gets new home as West Valley rivals Scottsdale

From an architectural standpoint, the West Valley luxury homes resemble those in Paradise Valley and north Scottsdale.

The homes boast extensive stonework, outdoor water features, wet bars, wine cellars and turrets.

"The West Valley is poised for growth," Cromer said. "I hear it, read about it "The availability of land in north Peoria was a huge draw and prices were reasonable," said Chip Alexander, co-owner of Alexander Homes. "We could already see the activity that was starting to happen there so we knew we needed to jump in."

Information Deemed Reliable But Not Guaranteed.
The Fair Housing Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial status, or disability. Copyright © 2004 (ARMLS) Arizona Regional Multiple Listing Service, Inc.