That is the “64 dollar” question and to help arrive at the answer here are some facts: Gee’s corporation (Bixby Village Golf Course, Inc.) paid $4 million in June of 2006 for The Lakes at Ahwatukee. The course contains approximately 100 acres. So the cost per acre was $40,000.
The W.P. Carey School of Business’ February housing report reveals that new home sales are showing the largest percentage price increase in all three measures over the last year for the greater Phoenix area.
So here we are, December, again. As I get older it certainly seems to get here faster every year. I feel like I was just chatting with folks about what may happen in real estate in 2013. It turned out we had some interesting things happen here in our market. The year started off strong with lots of appreciation and a great demand from buyers. The buying frenzy continued through June until it sort of fell off a cliff in the summer. When we usually see the October pick up, the government shut down for three weeks and that changed the typical cycle for that time of year. We had a nice increase in buyer interest towards the end of the year and from what we can see now the spring season will be typical for our area.
In the wake of the downturn that launched in 2008, it’s old news by now that the construction industry took a massive hit. Nearly half of those in the construction business were forced to find work elsewhere. Today, even as the housing market — and by default the contracting industry — rejuvenates, reports over the summer showed a weaker pool of skilled labor available to meet the spike in demand for new homes. But you wouldn’t know it by all the new homes that will be available in Ahwatukee!
The Phoenix City Council has approved the rezoning of land near Desert Foothills Parkway and East Marketplace in Ahwatukee Foothills, preparing the way for Rosewood Homes to build a 61-unit development on the land.
Attorney General candidates Republican Mark Brnovich and Democrat Felecia Rotellini debate at the East Valley Tribune office in Tempe on Thursday, Sept. 26, 2014.Question 2: What are your thoughts on the restriction on RU486 and should the state continue to pursue the case to the Supreme Court?