Property values in Phoenix area point to recovery

Buying or selling a home in Phoenix AZ metro or just curious about property values in Phoenix metro? Then I’ve posted the most recent stats again for the housing market. You can find them under the “City Information” tab above as “Real Estate Market Action Report”. They’re in PDF and can be downloaded for free.  If you don’t see your city call me at 623 344-1000 and I’ll see if it’s available. Also, if you’d like a free Comparative Market Analysis (CMA) to find an approximate value I’ll be happy to prepare that for you. Just give me a call at the same number 623 344-1000 and ask for Andy Bennett


21928 W Lasso LN Buckeye, AZ 85326 $244,900

21928 W Lasso LN Buckeye, AZ 85326 $244,900 Contact Andy Bennett 623 344-1003 x3071 for more info on this listing.

I came across the story below via AZCentral.com and thought that I’d pass it along.

By Michelle Ye Hee LeeThe Republic | azcentral.comSun Mar 2, 2014 7:53 AM

Median assessed values of Valley homes and businesses increased this year by double-digit percentages for the first time in seven years, suggesting local real-estate markets are recovering, the Maricopa County assessor says.

About 1.6 million valuation notices for the 2015 tax year were mailed out at the end of February. All classifications of properties — vacant lands, single-family homes, condominiums, apartments, commercial properties and manufactured housing — saw improvements in value this year. Commercial-property values have increased for the first time since 2009.

“That shows you that even in one year, market conditions have improved dramatically,” Maricopa County Assessor Paul Petersen said. “That’s a good thing overall, because it shows the health of the real-estate market in Maricopa County is better, much improved.”

This is the second year in a row that single-family residential properties’ median full cash values increased by 10 percent or more.

Read the rest of the story here

 

 

Arizona Blast From The Past March 31, 1859

The news being reported back then was interesting if you like history. This time I cut out a column titled “Various Items”. It seems that the post office was running in the red back then as well, almost like it’s by design.

Also, there’s an item in there about talk of splitting California at Mount Diablo and call half of it the “Territory of Colorado”. Mt. Diablo is in Contra Costa County in northern California. So I guess that idea never gained steam.

They also had a committee back then that wanted to remove the desks from the House of Representatives in order to do away with long and boring sessions.

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Estrella Falls Mall

So they say that the Estrella Falls Mall in Goodyear, AZ is still going in sometime in 2016. I’ve been a little curious about it and what it’s going to do to property values so I started to look into it. Below is one aerial shot of the area and an artist rendition.

12AERIALS_Estrella-LR

estrellafalls

I’ve read that it’s going to be an outdoor mall which will be interesting during the summer when temps get into the 100′s.

The City of Goodyear’s take on it is below:

A Regional Destination

As the Southwest Valley’s first super regional shopping center, Estrella Falls is poised to make Goodyear a prime regional destination. The shopping mall has a planned 2016 opening.

Spanning more than 300 acres, the entire project will bring 2 million square feet of shopping, dining, and entertainment upon build out. Estrella Falls comprises a power center, super regional shopping center, expansive public spaces and parks, residential, office and hotel developments, and dynamic public art and entertainment. Bullard Wash Linear Park runs north-south between the mall and the power center providing an active outdoor amenity for all ages.

The retail project opened in phases starting with the power center. The super regional mall will follow along with additional commercial developments, all in response to market demand.

The Market at Estrella Falls Power Center

The 500,000-square-foot, full-service power center - The Market at Estrella Falls - opened in September 2008. It is located west of the main mall area with entrances off McDowell Road or PebbleCreek Parkway.

The Market at Estrella Falls will complement the super regional shopping center and already includes Bashas, Staples, Old Navy, Petco, TJ Maxx/HomeGoods, Shoe Carnival, and La-Z-Boy.

Estrella Falls Super Regional Mall

The regional mall will bring a new distinctive destination in a design that’s comfortable all year-round. The shopping mall itself covers 105 acres between McDowell Road and Virginia Avenue, east of 151st Ave.

The Stores

So far, commitments announced for the super regional shopping center include three main anchors: Dillards, Macy’s and Harkins Theatres. Other stores include Coach, White House/Black Market, Industrial Rideshop, and Chico’s.

The Design

Estella Falls Super Regional Mall has an outdoor lifestyle design in keeping with the latest shopping center designs across the country. By each retailer having their own building, it allows them to better maintain their unique identities, adds more architectural interest and better emulates the traditional shopping experiences of the past.

SHADE CONSIDERATIONS AND GREEN OPEN SPACE

Understanding the public’s concern about shopping in the heat, one key element of the design of Estrella Falls is shade structures throughout. Mature landscaping will also be used to provide more shade. All storefronts will have shaded overhangs for pedestrians and most of the pedestrian walkways will have unique shade canopies. Even the main roadway through the center which also has on-street parking will have shade structures.

I have more information that I’ll post at a later date and as I find it. 

Goodyear, AZ Library Grand Opening.

I received an e-mail from Maricopa County Library district as shown below. It’s all about the Goodyear, AZ Library Grand Opening coming up. I haven’t been to the new library but it has to be an improvement over the hole in the wall they had before.

May be worth the visit if you’re a library patron.

- Here’s their e-mail.

Dear Customer:

We hope you will join us for the Goodyear Branch Library’s Grand Opening celebration week-end, Friday, February 28 and Saturday, March 1. Here’s what we have planned for you.

FRIDAY, February 28, Ribbon Cutting
9 a.m. — Grand Opening Ceremony–Remarks from Goodyear, Maricopa County & ASU Officials, Ribbon Cutting, Tours & Refreshments
10 a.m.-5 p.m. — Library Open All Day for Regular Activities
11 a.m. — Story & Craft Program, Program Room

SATURDAY, March 1, Community Celebration
10 a.m.-5 p.m. — Library Open All Day
11 a.m. — Acoustic Music, 4 Bands Perform, 30-minutes each
10:30 a.m-12:30 p.m. — Drop-in Craft Activities, Program Room
10:30 a.m.-Noon — Drop-in Digital Device Help Session
1-3 p.m. — Face Painting
1:30 p.m. — Balloon Program, Program Room
3-4 p.m. — Soldering Program, Program Room (for teens 14+)

On Saturday, representatives from the City of Goodyear will be on hand to answer any questions about other community activities, programs and initiatives. ASU representatives will welcome any inquiries or discussion about the InnovationHub @ GoodyearAZ, an Alexandria Co-working Network space for innovation and creative thinking, also new at the library.

For more information about your new Goodyear Branch Library, visit us online at www.mcldaz.org or call us at (602) 652-3000. We hope to see you February 28 and March 1. Goodyear Branch Library is located at 14455 W. Van Buren, Suite 101.

Nelson Mitchell
Maricopa County Library District

A Blog about the Phoenix West Valley

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