Phoenix suburb to have 300 new homes by end of year

May 19, 2015, 6:48 AM | Updated: 6:48 am
...

Prospective homeowners will soon have more options in Phoenix’s West Valley.

Four subdivisions are in development in Glendale, and plans call for at least 300 new homes to be built by the end of the year, according to The Glendale Star.

A number of new single-family houses will be available in Glendale’s Carmel Estates, Maryland Heights, Tesoro and Copper Cove subdivisions, according to Jon Froke, the city’s planning director.

He added that more subdivisions are also scheduled for completion in 2016 and 2017.

“New home building is important to Glendale as it provides new opportunities for jobs and housing options for new residents,” Froke told the newspaper.

The development news comes amid reports of a tight housing market in Glendale and other West Valley neighborhoods where available homes are in short supply. Many homes in those areas were snapped up by investment groups during the recession and are still occupied by tenants.

Housing shortages have led to a run-up in home prices in many markets around the country. The National Association of Realtors just released a new report on median home prices for the first quarter of 2015 that showed Phoenix home prices averaging just over $206,000 for the quarter.

That’s considered middle-ground for pricing on the national level. The NAR ranked California’s San Jose metro area the most expensive for single-family homes with a median home price of $900,000. Youngstown, Ohio was the least expensive, according to the NAR report, with single-family home prices averaging just over $64,000.

Join Realtor Diane Brennan for That Real Estate Show Sundays at 8 a.m. on KTAR News 92.3 FM.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

The late Sen. John McCain and former U.S. Rep. Gabby Giffords were selected to receive the Presiden...
KTAR.com

Weekend wrap-up: Here are the biggest Arizona stories from July 1-3

Here are some of the biggest stories that headlined the Arizona news cycle over the weekend.
1 day ago
(Ruth Charlene Davidson - Phoenix Police photo)...
KTAR.com

Silver Alert canceled for 86-year-old woman last seen in Phoenix

A Silver Alert was canceled Sunday night for an 86-year-old woman named Ruth Charlene Davidson who last seen in driving in north Phoenix.
1 day ago
(Pixabay Photo)...
KTAR.com

2 men dead, 1 arrested following shooting at Phoenix bar

Two men are dead and one was arrested early Sunday after a shooting took place at a Phoenix bar and grill, authorities said. 
1 day ago
The DoorDash app is shown on a smartphone on Feb. 27, 2020, in New York. (AP Photo/File)...
KTAR.com

Phoenix establishments named on DoorDash’s 100 most loved restaurants

DoorDash released The 100 Most Loved All-Stars Restaurant on its app and two different Phoenix establishments made the list.
1 day ago
(Phoenix Police Department Photo)...
KTAR.com

Phoenix police investigating shooting that leaves 1 dead, 2 injured

Police are investigating a shooting early Sunday morning that left one man dead and injured two others, authorities said. 
1 day ago
(Arizona Department of Transportation)...
KTAR.com

Silver Alert canceled for 90-year-old man last seen in Sun City West

A Silver Alert issued Saturday night for a missing 90-year-old man last seen in Sun City West was canceled, authorities said. 
1 day ago

Sponsored Articles

(Courtesy Condor)...
Condor Airlines

Condor Airlines shows passion for destinations from Sky Harbor with new-look aircraft

Condor Airlines brings passion to each flight and connects people to their dream destinations throughout the world.
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Vaccines are safe if you are pregnant or breastfeeding

Are you pregnant? Do you have a friend or loved one who’s expecting?
...
Day & Night Air

Tips to lower your energy bill in the Arizona heat

Does your summer electric bill make you groan? Are you looking for effective ways to reduce your bill?
Phoenix suburb to have 300 new homes by end of year