Belfiore: Queen Creek, Hunt Highway show housing market’s resilience against COVID impacts
by Mike Sunnucks | Rose Law Group Reporter
The regional housing market continues to show that it has not been hit as hard as expected by the COVID-19 shutdowns and job losses.
“It’s a lot stronger than I expected,” said real estate expert Jim Belfiore.
Belfiore, who is president of Belfiore Real Estate Consulting in Phoenix, points to a bellwether growth submarket – the Queen Creek, San Tan and Hunt Highway areas in the Southeast Valley.
Belfiore said those areas have only seen a 20 percent decline in home sales so far in the second quarter compared to the first quarter of 2020. He said the Queen Creek / Hunt Highway submarket is only off 15 percent from a year ago.
