👀Around The Valley

💧Gala and Water Tower Plaza Opening in Gilbert

The highly anticipated Gala at Water Tower Plaza opens this Monday in Gilbert, promising a unique space for dining, entertainment, and events. This plaza is set to become a central hub for the community. _{Read More}

✅Gila River I-10 Bridges Hit Construction Milestone

A major milestone was reached on the Gila River I-10 bridges, which are part of a larger project to enhance transportation infrastructure in Arizona. These updates aim to improve traffic flow and boost economic activity in the area. _{Read More}

👨‍👩‍👧‍👦i.d.e.a. Museum Reopens in Downtown Mesa

After significant renovations, the i.d.e.a. Museum in Mesa has reopened, offering exciting exhibits and activities for families and art enthusiasts. A must-visit destination for creativity and inspiration! _{Read More}

📖Arizona Secures $34.8M to Expand Charter Schools

Arizona has received $34.8 million in federal funding to expand charter schools statewide. The funds will support the development of new schools and improve access to high-quality education for students. _{Read More}

🤔What to Do This Week!

✅Gala and Water Tower Plaza Opening
Head to Gilbert on Monday for the grand opening of the Gala at Water Tower Plaza. _{Learn More}

🎤AMFEST 2024
AMFEST kicks off at the Phoenix Convention Center from December 17–19. This major gathering celebrates America’s culture, faith, and freedom, featuring inspiring speakers, music performances, and engaging panel discussions. _{Learn More}

⛳️Unlimited Topgolf Play
Enjoy unlimited play at Topgolf locations across Arizona! For just $15 per person, you can tee off to your heart's content on weekdays from 10 a.m. to noon. Perfect for a morning outing with friends or family. _{Learn More}

🎻The OpenScore Ensemble Plays Philip Glass
Experience the mesmerizing music of Philip Glass at the Crescent Ballroom in Phoenix on December 16. The OpenScore Ensemble delivers a stunning performance honoring one of modern music’s most celebrated composers. _{Get Tickets}

🚧Newest Developments

Arizona continues to grow with exciting projects that are reshaping communities. Here’s what’s on the horizon:

🏡Mattamy Homes Announces Rosewood Heights in San Tan Valley
Mattamy Homes has unveiled plans for Rosewood Heights, a new planned community in San Tan Valley. This development will feature a mix of single-family homes, parks, and community spaces, catering to the growing demand for suburban living. _{Learn More}

🌴Pemberton 2.0 Brings Fresh Energy to Downtown Phoenix
The beloved Pemberton in Downtown Phoenix is undergoing a reinvention. Known for its community-driven space, the new Pemberton 2.0 will offer updated amenities while retaining its charm as a gathering spot for locals. _Details

🚜7 Billion Development Project Clears First Hurdle
A massive $7 billion development project, aimed at transforming a large tract of land into a mixed-use hub, has cleared its first major approval. The project will include residential, commercial, and industrial spaces, setting the stage for long-term economic growth. _{Read More}

🍲Shiv Supper Club Coming to Scottsdale in 2025
Fine dining takes a new turn with the announcement of Shiv Supper Club, a luxury restaurant set to open in Scottsdale in 2025. Offering an elevated culinary experience, this addition promises to enhance Scottsdale’s reputation as a foodie destination. _{Explore More}

🏡 Real Estate Trends

📅 Days on Market
Homes are selling faster this month, with the average days on market for sold homes dropping to 73 days, compared to 90 days for active listings. This reflects a steady pace for sellers in a competitive market​.

✅ Active Listings
The number of active listings (excluding UCB & CCBS) stands at 20,955, marking a 4.3% decrease month-over-month but a significant 31.4% increase year-over-year, providing more options for buyers​.

💰Sales Prices
The average list price per square foot is holding at $360, with the average sold price at 96.5% of the list price—a slight cooling from earlier months but still favorable for sellers​.

🏘️ Inventory Levels
Arizona’s inventory levels are currently at 107 days (excluding UCB & CCBS), reflecting a stable market with sufficient supply to meet demand

📉Mortgage News
With mortgage rates continuing to decline, applications are on the rise. According to the MBA, mortgage applications increased last week as rates reached new lows, offering buyers an opportunity to lock in favorable terms​​. Freddie Mac also reports consistent drops in rates, fueling optimism among potential buyers​

🌵See You Next Week in the Desert

Thank you for joining us this week on The Desert Real! We’re thrilled to have you as part of our growing community!

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-Brad