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Buckeye starts to see momentum in Real Estate Market

The housing market is on the rise with a Buckeye development, Tartesso, creating new and exciting opportunities for residents and the Arizona real estate industry.

momentum in real estate market

$80 million for the land, making it the largest land purchase in the area since the housing market crash of 2008.

The Homes will be built north of Interstate 10 and on both sides of the San Valley Parkway, according to plans for the development.

Others in Arizona are watching Tartesso because it is one of the first big developments to end a long hiatus that began with the housing market crash, says Flores.

Though the Tartesso development dates back to before the Great Recession of 2008, it is now regaining its momentum.

No other commercial developers have expressed interest in the development, but that could quickly change as the Buckeye population grows, Flores adds.

Len Becker, Buckeye economic development director, says it is just a matter of time until retail, convenience businesses and professional services take notice of the Tartesso development and growth in the Buckeye area.

Luke Air Force Base and the Palo Verde Nuclear Generating Station surround the Tartesso community, giving residents an abundant resource of jobs as well as providing other economic opportunities for the area, according to Becker.

In addition, Buckeye is working on adding other large-scale employment ventures along the Rail Corridor, State Route 85, Verrado Way and Watson Road, with the addition of 1,000 jobs and hundreds more expected in the next 12 to 18 months, says Becker.

“People are — and continue to be — attracted to Buckeye because of our natural attributes, excellent schools, low crime rates, natural beauty and wide array of housing choices and price points,” he says.

While Tartesso is important to Buckeye, Flores points out that…

The community welcomes the growth.
In 2014, the City of Buckeye voters changed the name of Buckeye from the “Town of Buckeye” to the “City of Buckeye.

“The city has reached the plateau in that monthly permit activity that the city was experiencing in mid-2008 before the housing construction downturn,” he says.

Real estate is on the rise in Buckeye, and the mayor and others in that community believe that as Tartesso builds, people will come.

Source: After $80M land deal, Buckeye starts to see momentum | AZ Big Media

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