The Recap

East Valley

Luxury townhomes are coming to Cavasson in Scottsdale, while Kroger’s high-tech Phoenix distribution center faces delays until 2026. In Tempe, a 144,000-square-foot logistics center has broken ground, and Mesa’s Park North luxury apartments are moving forward despite resident pushback. Meanwhile, Inisio at Kierland is wrapping up major office renovations.

West Valley

Avila University is expanding to Goodyear, bringing graduate programs in business and technology management. A new master-planned community in Verrado could add nearly 1,000 multifamily units and a walkable commercial district. In Peoria, a potential Loop 303 interchange is under review, and Trader Joe’s is officially coming to Goodyear—though an opening date is still TBD. Meanwhile, Glendale is leasing land to VAI Resort to support its massive new entertainment hub.

Real Estate Market Trends

Inventory has surged 44% across Greater Phoenix, giving buyers more options—especially under $600K. The Cromford® Market Index continues shifting in favor of buyers, but the trend is slowing as mortgage rates drop to 6.78%, the lowest in two months. While home prices remain stable, Phoenix's price growth still lags behind the national average.
Check current mortgage rates
_{Mortgage rates vary based on individual qualifications, including credit score, loan type, and lender policies. For a personalized rate estimate, it’s best to consult with a lender.}

East Valley News & Developments

🏡 Luxury Living on the Rise in Scottsdale
Toll Brothers is making a major move in Scottsdale, purchasing an 11.27-acre parcel in the Cavasson mixed-use development for $28 million. The builder plans to develop 135 luxury townhomes with rooftop decks, priced between $1 million and $1.2 million. The project is set to break ground this fall, with sales expected to start in late 2026. _{Read more}

🛒 Kroger’s Long-Awaited High-Tech Warehouse Faces More Delays
Kroger’s $89 million automated distribution center in Phoenix—first announced nearly five years ago—will remain unfinished until late 2025 or early 2026. The delay is due to the installation of Ocado’s new Auto-Freezer technology, designed to improve online grocery fulfillment. This center will use AI-powered robots to pack orders in just 10 minutes, a task that would take human workers over an hour. _{Read more}

🏗️ Massive Industrial Project Breaks Ground in Tempe
Tempe is set to get a next-generation logistics hub as Source Logistics Center breaks ground near Warner and Hardy. The 144,000-square-foot facility will cater to high-demand industries like advanced manufacturing and e-commerce. The project, developed by Creation and CrossHarbor Capital Partners, is expected to be completed by mid-2026. _{Read more}

🏢 Luxury Apartments Stir Controversy in Mesa
The Park North development, a proposed 120-unit luxury apartment complex at Power and Guadalupe roads, is facing pushback from nearby Superstition Springs residents over traffic and safety concerns. Despite opposition, the city’s Planning and Zoning Board approved the project, with the final decision set for April. _{Read more}

🏢 Scottsdale’s Inisio at Kierland Nears Completion
Phase one of the $29 million renovation of Inisio at Kierland, a two-building office campus, is complete. The project includes modern spec suites, fitness facilities, an outdoor café, and wellness amenities like cold plunge tubs and saunas. The transformation aims to redefine office life in the Scottsdale Airpark submarket, where demand remains high. _{Read more}

West Valley News & Developments

🏫 Avila University Expands to Goodyear
Avila University is making a big move into the West Valley, setting up a new campus in downtown Goodyear. The private Catholic university will offer graduate degrees in business and tech management focused on AI, data science, and project management. Classes begin in August, with plans to expand offerings over time. Meanwhile, Peoria is planning a new West-MEC campus to meet growing demand for skilled trade education. _{Read more}

🏗️ New Master-Planned Community Proposed for Verrado
A 46-acre mixed-use development could be coming to Buckeye’s Verrado area. Plans include 954 multifamily units and 5.7 acres of commercial space, designed as a pedestrian-friendly, walkable community. The proposal is set to go before Buckeye’s Planning and Zoning Commission soon. _{Read more}

🚗 Loop 303 Interchange Study Seeks Public Input
The Arizona Department of Transportation (ADOT) is evaluating a new Loop 303 interchange between US 60 and El Mirage Road to help alleviate traffic congestion in the growing West Valley. Public feedback is being collected through March 24, with a virtual meeting scheduled for March 3. _{Read more}

🛒 Trader Joe’s Coming to Goodyear
After years of demand from residents, Trader Joe’s has confirmed plans to open its first Goodyear location. While an exact spot and timeline haven’t been announced, speculation is high that it will land in Goodyear’s GSQ development, a growing 150-acre mixed-use hub. _{Read more}

🏨 Glendale Finalizes Lease Agreement for VAI Resort
The city of Glendale has approved a ground lease with VAI Resort, Arizona’s largest resort project, set to open later this year. The deal allows the resort to use city-owned land for traffic flow, parking, and a pedestrian bridge, while also providing public safety space for Glendale’s police and emergency response teams. _{Read more}

🏡 Real Estate Trends

 📈 Inventory & Buyer’s Market Trends
The Greater Phoenix market has 44% more single-family listings than this time last year, with the biggest inventory jumps seen in homes under $600,000. Meanwhile, the Cromford® Market Index continues shifting in favor of buyers, with 15 out of 17 major cities seeing conditions soften for sellers. The trend has slowed slightly, likely due to recent declines in mortgage rates.

🏡 Phoenix Home Prices: A Mixed Bag
The latest S&P/Case-Shiller Index shows Phoenix home prices declined slightly last month (-0.06%) but remain 2.1% higher than a year ago. While Phoenix’s year-over-year growth lags behind the 4.5% national average, it’s still in positive territory, unlike Tampa, where prices dipped 1.1%.

🏠 Mortgage Rates & Buyer Demand
Mortgage rates have dropped to their lowest level in over two months, with 30-year fixed rates now hovering around 6.78%. This decline has slightly boosted buyer purchasing power, but pending home sales remain 6.2% lower than last year. While demand is picking up in certain markets, buyers still have leverage with more inventory and price negotiations on the table. 

Check current mortgage rates
_{Mortgage rates vary based on individual qualifications, including credit score, loan type, and lender policies. For a personalized rate estimate, it’s best to consult with a lender.}

Events Across The Valley

Coming soon….

We are currently working on finding/sourcing the best way to get the most accurtate and up to date information on the events across the valley. Hopefully this will be locked in within the next few weeks! If you have any recommendations feel free to email us or just shoot us a DM on IG!

🌵See You Next Week in the Desert

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