SFH investing- Buckeye AZ or San Tan Valley AZ

[Connor Amato]

Hi all, just wondering what everyone's thoughts are on SFH investing in buckeye vs San tan valley, both cities are pretty booming right now, just wondering if one thinks more over the other over the next 5-10 years?

[Walter Moneypenny]

I can speak about Buckeye and the west Phoenix metro area. Buckeye has a ton of potential. It is a huge geographic city, almost 400 square miles. In the past 20 years it has gone from less than 6,000 people to more than 90,000. Granted, a lot of the city's geography is undeveloped desert, but the potential is there. With the completion of Loop 303 in Goodyear that connects I-10 to I-17, it opens up quicker access to the industry and jobs that TSMC and many other projects in the west valley have created. There is still talk of SR-30 (former proposed SR-801) that would connect L-303 to L-202. That would make the existing development north and south of I-10 more appealing. 

The proposed 100,00 home Teravalis development north Buckeye has broken ground. This project is south of Sun City Festival. There was an issue there of having enough water, but I have not heard anything about that in a couple years. If Teravalis is successful then I suppose that other developments, businesses, schools and everything else would sprout up on land that could be developed. Water and infrastructure will be the big issues. Similar to Mariciopa, where SR-347 is the only way in and out, there could be similar issues in north Buckeye if the only road in and out is Sun Valley Parkway.