Belfiore: Expect Homebuilding, Development Jump in Pinal County, Buckeye
By Mike Sunnucks | Rose Law Group Reporter
New home building and residential development are coming back in earnest to the outer reaches of the Phoenix — in particular, Pinal County submarkets such as Coolidge, Casa Grande and Maricopa as well as Buckeye in the West Valley.
“There is a lot more purchasing going in the tertiary markets,” said Jim Belfiore, president of Belfiore Real Estate Consulting of increased demand from buyers and activity from builders. “We are starting to see the rebirth of those markets.”
Belfiore expects to see that growth continue.
“For 2020 and 2021, we should see significant purchases in those tertiary markets,” Belfiore said.
The last real estate crash stopped some growth plans in the West Valley and Pinal County. But that downturn is well in the rearview mirror and now builders and buyers are headed to the region’s current outer limits.
