Understanding the Sub-Markets of Verrado, AZ

[Gabriel Graumann]

Greetings BP Members,

Specific question to any investors or brokers local to Glendale or Buckeye, AZ. There is a large master planned community named Verrado that seems to have a WIDE range of prices within a small area relative to other master planned communities. As an example, there are 3,500 sf homes on 3 opposing streets that range from $500K-$900K. I'm a broker in WA so I get the basics of home amenities, pool vs. no pool, but I'm really struggling to see how there can be a $400,000 difference in price on closed properties (not just active) within such a small area. All the homes share the same community amenities, so what's the difference from your perspective if you're in this market? Thanks in advance for sharing.