W. Valley Housing Boom Won't Stop...

W. Valley housing boom won't stop , from the Arizona Republic, reports that the West Valley housing boom should continue well into 2006, according to local housing analysts and real estate brokers. Increasing demand, more upscale master-planned communities and shrinking vacant land in the East Valley will raise west-side home prices and send residents looking for affordable housing farther from the Valley's core. "People used to come to the West Valley to find the cheapest houses, but those days have past," housing analyst RL Brown said. The median resale price in Glendale is $247,200, with new home prices averaging $327,550. A typical home in Peoria now sits at $280,000, according to the Arizona Real Estate Center at ASU. New master-planned communities such as Vistancia and Verrado have contributed to the increased home prices, with prices from $300,000 to the mid $700,000 range. "There's no such thing as cheap dirt anymore," says broker Tom Traw. Brown and other housing analysts predict the West Valley and Pinal County will dominate the greater Phoenix market into the next decade.

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