Phoenix Mart is coming to Arizona. What effect will it have on property values in Arizona City, Eloy, and Casa Grande?
Phoenix Mart is a new 585 acre development that is located on Florence Blvd, about 4 miles East of I10 in Casa Grande, Arizona Phoenix Mart News
Casa Grande is located about 50 miles South of Phoenix on the I10 corridor to Tucson.
For decades, some of this area South of the Phoenix Mart site has been vacant land that was sold in small lots many years ago. The purchasers of these lots bought back in the 1960's,70's, and 80's with the yet unfulfilled expectation that this area would be developed and that their land investment would pay off.
But, nothing ever happend! Very little has really changed in this area. Although some homes were built during the Arizona real estate boom cycles, many of the lots are still vacant.
Right now, a home buyer can buy many homes in this area for less than it would cost to build. Lots are relatively cheap. Search Homes for sale in the area
Some of these homes and lots have nice mountain views. If you like to jump out of airplanes, then check out Skydive Arizona at Eloy airport Skydive Arizona
Is NOW the time to buy land and homes in this area?
Will investing in land and homes in this area finally pay off?
Could the coming Phoenix Mart development be the game changer? As a Realtor, I hope so.
Phoenix Mart is a fantastic idea for this area. It offers so much in terms of putting Arizona on the global map and local employment. As local employment increases, demand for homes should follow and home prices and new home development should increase.