Hsieh

With all of the doom and gloom real estate news that is popular with the media, I find it very interesting that billions of dollars are being invested in Arizona. A few of the projects and areas that I find interesting are the commercial and residential developments in the East Valley's Gateway area to the successful projects near Desert Ridge and the City North development that recently announced (4/17/07) $379 million dollars for phase one financing.

Down town Tempe has plans for several new hotels and more "urban" housing projects that appear to be helped by the excitement of Light Rail. Other large projects are being developed in Phoenix and the West Valley as well. Commercial real estate in Arizona is booming, our population is expanding, jobs are available and new business is relocating to the valley. While the housing market still has a ton of inventory, it is allowing people to find more options than they have had the past couple of years.

One page of the paper tells us the market is dead while the next says it is back to life. Fact is, some neighborhoods are doing great while others are struggling. Queen Creek, Maricopa and some outlying areas are getting hammered while parts of Tempe, Phoenix, Scottsdale etc are holding up very well. If you are thinking of making a move, it is best to look at the values in your neighborhood and the neighborhood where you plan to live. That way, you get a better idea of what you are up against. If you need any help.. "Just Call Nick!"

Nick Bastian
http://www.nickbastian.com