Arizona Real Estate & Housing News

At the beginning of the year, the city of Tempe was given approval to acquire two historic buildings on Mill Ave., including the space where a popular live music venue once operated. (Phoenix Business Journal)

HELENA WEGNER/PHOENIX BUSINESS JOURNAL

Two historic downtown Tempe buildings could have new tenants soon

An off-grid 35-acre estate being sold by Arizona State Senator Bob Worlsey has been listed by Russ Lyon Sotheby's International Realty for $9.475 million in Heber, Arizona. (HUB Media Company)

DOUGLAS SANTO

Off-grid 35-acre estate in Arizona’s White Mountains listed for $9.475 million

Washington-based luxury homebuilder Azori is entering the Scottsdale market — its first geographic expansion beyond the Pacific Northwest.

ANGELA GONZALES/PHOENIX BUSINESS JOURNAL

Luxury homebuilder expands to Arizona, projects over 100 homes a year in Scottsdale market

David Weekley Homes is set to break ground on model homes within Saddleback, a new $1 billion master-planned community in northwest Peoria.

ANGELA GONZALES/PHOENIX BUSINESS JOURNAL

David Weekley Homes to break ground at $1B Saddleback master-planned community in Peoria

Scottsdale-based MDF Development has sold a Paradise Valley home it is developing for $19 million — even before the drywall has been installed.

ANGELA GONZALES/PHOENIX BUSINESS JOURNAL

Luxury developer sells Paradise Valley estate for $19M and the drywall isn’t even in yet

Scottsdale-based real estate development firm Lyfe Companies has been selected to develop the first phase of Five North at Vistancia's main street district in Peoria.

KYLIE WERNER

Developer selected to create main street district in Peoria master-planned community

The eight homes in Camelot Homes' Viridian luxury community in north central Phoenix will range between 2,713 and 3,003 square feet.

ANGELA GONZALES/PHOENIX BUSINESS JOURNAL

Camelot Homes unveils boutique luxury community in Phoenix

The Latest

DAMON ALLRED | Jul 26, 2026
Demolition of Food City in Tempe makes way for affordable housing, grocery development

The Dorsey Station development includes 400 housing units; 360 units are designated as affordable and the other 40 will be sold at market rate.
KYLIE WERNER | Jul 19, 2026
Saddleback community in Peoria unveils debut model home collection

The homes are located in Saddleback's inaugural village, Saltbrush, and were constructed by homebuilders Taylor Morrison and Lennar.
ANGELA GONZALES/PHOENIX BUSINESS JOURNAL | Jul 18, 2026
Scottsdale developer DMB sells off 308 home lots in Buckeye

DMB's sale of 308 lots at its Verrado master-planned community in Buckeye represents the largest lot sale so far in 2026, according to Jim Daniel, president of RL Brown Housing Reports.
KYLIE WERNER | Jul 14, 2026
Valley takes 4 of top 10 spots in ranking of best US cities for 1st-time homebuyers

The city of Surprise earned second place in a WalletHub study that ranked the best and worst cities in the United States for first-time homebuyers.
DAVID VEENSTRA | Jul 12, 2026
Paradise Valley estate with shooting range, go-kart track sells for state record $40M

A Paradise Valley estate has shattered the record for the most expensive home sale in Arizona history.
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DAMON ALLRED | Jul 9, 2026
Construction begins on Modera City North luxury apartments in Phoenix’s Desert Ridge area

A national rental housing developer began construction on a 330-home apartment community in the Desert Ridge area of north Phoenix, according to a Tuesday press release.
DAVID IVERSEN | Jul 8, 2026
Arizona cities sweep top spots in national rental market rankings

Scottsdale ranked No. 1 in WalletHub's 2026 study of the best rental markets in America. Gilbert and Chandler rounded out the top three nationwide.
SERENA O'SULLIVAN | Jul 8, 2026
Arizona AG: ‘Tens of thousands’ could face eviction if courts don’t block HUD caps on housing funds

Arizona joined a multistate lawsuit challenging HUD limits on housing funds that AG Kris Mayes says could put thousands at risk of eviction.
KTAR.COM | Jun 29, 2026
Firm linked to data centers signs 1.1 million square-foot West Valley lease

An artificial intelligence firm that is backing a slew of data centers being built across the country signed on to lease over a million square feet at an industrial park next to Luke Air Force Base in Glendale.
DAVID IVERSEN | Jun 25, 2026
Sen. Mark Kelly accuses Trump of holding housing bill ‘hostage’ over voting legislation

Sen. Mark Kelly says Trump is holding a bipartisan housing bill hostage by tying it to the SAVE America Act, a voting bill he says would disenfranchise Arizonans.
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KEVIN STONE | Jun 24, 2026
3 Arizona Republicans, including 2 running for governor, vote against bipartisan housing bill

Three Arizona Republicans, including two who want to be the state’s next governor, voted against a bipartisan congressional bill that aims to reduce housing costs.
ANGELA GONZALES/PHOENIX BUSINESS JOURNAL | Jun 22, 2026
Denver builder withdraws from Metrocenter redevelopment project

Oakwood Homes has withdrawn from the $850 million Metrocenter redevelopment project, with a replacement builder expected to be named next week.
ANGELA GONZALES/PHOENIX BUSINESS JOURNAL | Jun 20, 2026
Two giant homebuilders close on $63M state land buy in Peoria

Tri Pointe Homes and PulteGroup have closed on the final parcel of land at the 1,200-acre Aloravita master-planned community in Peoria.
DAVID VEENSTRA | Jun 17, 2026
Arizona’s 1st JdV and Unscripted Hyatt hotels open in East Valley

A Phoenix-based hospitality firm is expanding its Valley footprint with the opening of two new-to-market hotel concepts in Scottsdale and Mesa.
DAMON ALLRED | Jun 11, 2026
Chandler opens 1st public housing units converted through HUD program

Chandler on Tuesday opened its first development converted into public housing through HUD's RAD program.
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SERENA O'SULLIVAN | Jun 11, 2026
New build-to-rent community opens in Surprise

A new build-to-rent community in Surprise called Estia at Zanjero Trails is officially welcoming residents, especially those who love dogs.
HELENA WEGNER/PHOENIX BUSINESS JOURNAL | Jun 8, 2026
One Camelback opens for pre-leasing as luxury apartment conversion nears completion

One Camelback has hit another milestone as the 11-story glass tower is now more than 90% completed and available for pre-leasing.
DAVID VEENSTRA | May 31, 2026
Luxury senior living community Mojave Sage coming to Queen Creek area

Mojave Sage, a new luxury senior living community, is slated to break ground in the southeast Valley to help meet the growing demand for elderly care.
KYLIE WERNER | May 29, 2026
Sedona’s stunning ‘Luna Rossa’ estate sells for $5.7 million

A Sedona home known as "Luna Rossa" or "Red Moon" recently sold for $5.7 million after being put on the market last month for almost $6 million.
SERENA O'SULLIVAN | May 27, 2026
Maricopa County launches program to help renters avoid eviction

Maricopa County officials are launching a new pilot program to help renters who have fallen behind on payments and are at risk of being evicted.
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HEIDI HOMMEL | May 27, 2026
Arizona judge sides with homebuilders in dispute over state groundwater supply requirements

Arizona homebuilders recently scored a legal win in their lawsuit over state groundwater requirements, paving the way for new development.
DAVID VEENSTRA | May 24, 2026
New Avondale housing development slated to open by summer 2027

One of North America’s largest homebuilders is expanding its footprint in Avondale with a multi-million-dollar land acquisition.
DAMON ALLRED | May 22, 2026
Luxury residential tower with 24 stories, retail space breaks ground near downtown Phoenix

A 24-story tower in central Phoenix offering luxury residences and retail broke ground on Thursday, project officials announced.
KYLIE WERNER | May 19, 2026
Hackberry Silver Mine property in Arizona sells for $10M

Hackberry Silver Mine, a property that played a role in Arizona's mining history, recently sold for $10 million after going under contract only seven days after it being put on the market.
HAILEY MENSIK/PHOENIX BUSINESS JOURNAL | May 8, 2026
Mack Real Estate targets massive swath of state land next to Halo Vista

Mack Real Estate wants a 1,473-acre parcel that's directly west of the company's $7 billion Halo Vista master-planned mixed-use project.