Real estate remains one of the most substantial long-term investments today. While the real estate market faces several challenges like availability, affordability and increasing home insurance costs, the Phoenix West Valley has risen to these challenges and continued to grow. With infrastructure improvement projects and new manufacturing enterprises calling the West Valley home, it’s safe to say the future looks bright. But how can you ensure your investment will hold its value in the long term?
As the Phoenix West Valley grows, homebuyers are paying closer attention to the types of development shaping the region and noting which developments have the future in mind.
West Valley Growth and Housing Demand
The Phoenix West Valley is booming, thanks mainly to new major employers moving into the area. With new jobs also comes a rise in population, with new residents coming from other parts of the Phoenix Metro area along with interstate and international migration. This population increase is fueling real estate demand, and housing prices have already seen steady appreciation, making early investment in the area a strategic financial decision.
However, in high-growth areas, not all real estate performs the same. Some properties will naturally appreciate faster than others, while developments without a plan could lead to instability in property values. When demand is high, savvy investors are more focused on sustained appreciation. Markets like the West Valley present excellent opportunities as the growth is being managed properly through collaborations like WESTMARC. This is also where master planned communities stand out since these communities are built with the future in mind and are focused on creating environments with lasting desirability.
This is one aspect that Teravlis has incorporated fully into its plan. Our leadership, designers, architects, and engineers will remain engaged with residents and city leaders throughout the community’s building, ensuring that as Teravalis grows, we stay connected with West Valley residents and meet their needs in every chapter.
The Role of Master Planned Communities in Stability
Planning ahead is the key to lasting investments in the real estate market. Master planned communities consider the whole picture throughout development. What will be in the area in the future? What other opportunities will be available? What opportunities can the community itself create?
One of the ways these communities plan ahead is through desirability. By planning amenities where neighbors can gather, and walkability in the form of trails that connect community. With infrastructure and commercial involvement also top-of-mind from the inception of a project, master planned communities can plan for future desirability.
Investing Where Growth Meets Stability
Boasting 55 million square feet of planned commercial space, Teravalis is slated to become a significant economic hub in the Phoenix West Valley. With plans to create a sustainable, integrated community with amenities, schools, nature trails, and more, it’s clear that Teravalis is investing in not only its future but the future of the West Valley as a whole. While most planned communities start with a five-to-ten-year plan, Teravalis has a bold vision of the future that will span decades.
The West Valley’s expansion makes it one of the state’s most promising real estate markets, and investors who understand the value of smart growth and long-term planning are looking at master planned communities like Teravalis. As the area continues to grow, investing in a community designed for the future offers both stability and appreciation potential.
About Teravalis™
Teravalis is primed to be a 37,000-acre premier master planned community located in the West Valley of the Phoenix metropolitan area, in Buckeye, Arizona. Translating to “land of the valley,” Teravalis is positioned between the White Tank and Belmont Mountain ranges and is committed to embracing the natural High Sonoran Desert beauty. Utilizing innovative technology and sustainable planning, the community will feature unparalleled amenities and wide-open spaces to explore and discover.
Teravalis is a community of Howard Hughes®, known for its mission to curate vibrant communities that elevate the everyday, creating meaningful moments in great places where people can live their best lives – and thrive for generations to come.