From the suburbs to the exurbs: public records show cyclical nature of growth

From the suburbs to the exurbs: public records show cyclical nature of growth

By Philip Haldiman, Independent Newsmedia
APRIL 9, 2019 | Daily News-Sun | read full article

...Over the next 25 years, about 50 percent of the growth in Maricopa County will occur in the West Valley, according to Maricopa Association of Governments.

Liz Recchia, government affairs director for West & SouthEast Realtors of the Valley, said the West Valley is transforming from a very large bedroom community for Phoenix to an employment center with residential, retail and amenities to serve the population, and the surrounding cities have been collaborating in terms of regional economic development to foster growth in employers, infrastructure, jobs, infill and housing.

She said all this is beginning to accommodate the pent up demand.

The West Valley business community and cities are working together to make the region a place someone can grow up, become educated, employed or start their own business to live, play and retire while having their children and grandchildren nearby, Ms. Recchia said.

“Builders are purchasing subdivisions that were platted pre-recession, and re-platting for current market product, building models quickly and forming interest lists several months before they break ground,” she said.

“I speak to brokerages frequently, and the most requested topic is projects in the West Valley. As soon as agents and brokers hear about a residential project going through approval, they inform their clients. Multiple offers on re-sale product is common.”...

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