Goodyear/Buckeye, Arizona Insight

[Joshua Clark]

I have read that these areas, especially Goodyear, are experiencing some pretty substantial growth. I've been watching the market (MLS) in these cities for a couple of months now and see that homes move pretty quick. My Realtor tells me prices are on the rise after hitting bottom around 2011 (she said they are up about 40% from then). Goodyear has a lot of new amenities popping up, including a planned 1.1 million square foot mall.

That being said, I do not see any chatter about these areas on BiggerPockets.  Is anyone operating in these cities that could share some insight?  I have not yet done the population/job growth studies to understand why the area is growing so much; is it just the further expansion of Phoenix metro?  I may be moving to the area this summer and would be looking mainly to get involved in buy-and-hold, vacant land, and eventually a flip or two if the time and market is right.

Any information from someone on the ground in that area would be much appreciated!

[Lucas P.]

Your realtor must be a genius. It's no secret that the greater metro Phoenix area had led most of the country side it bottomed out in about 2011, and the west of Phoenix is experiencing a growth a little higher than the rest because it was hit harder than the rest.

People still want to be in areas such as Scottsdsale and Tempe, that's why those areas are now experiencing a shortage in inventory.

We do deals in Goodyear, and have had success, but it's hard not to with a continually rising market. It's getting inventory that's getting tough. So anyone reading this that has a deal they want to sell, hit me up.