West Valley's Resale Housing...

W. Valley feels cooldown; reports that the West Valley's housing market followed a Valley-wide slowing trend in 2006, with homeowners worrying about slipping values and a large number of listings on the market. The sluggish market was good news for buyers, as sellers reduced prices and agreed to pay closing costs in a bid to lure customers. "Buyers had a lot of choices in 2006 and remain in the driver's seat," said Meredith Andrews, a Realtor with Windermere West Valley. Despite last year's softening market, the Northwest Valley's growth did fuel success at master-planned communities in Peoria and Surprise, and multi-family projects in Glendale's sports and entertainment district. Sales remained strong at Vistancia, Peoria's largest master-planned community. The 7,100-acre community has sold 2,483 homes since it opened in 2004. In Surprise, Marley Park celebrated its one-year anniversary in September and welcomed residents and builders throughout the year. Developed by DMB Associates Inc, Marley Park offers a wide variety of architectural styles and features nine themed parks. As for the West Valley's resale housing market, Andrews expects a correction in the market by midyear.



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