Looking out from the press box window at Surprise Stadium, it’s hard to believe the world we know is crumbling from beneath us. From here you don’t see the bank-owned homes, the short sales, the homeowner associations who often as not are unable or unwilling to enforce their own rules.
For anyone who has lived in the Valley for any length of time, the only thing you can see when you look out the windows here is what wasn’t here not so long ago.
Surprise is a new phenomenon. The city itself has been here for several decades but not in anything close to its current state. Where there once was the original square mile, the city now stretches across much of the Northwest Valley and boasts homes, retail centers and – of course – a spring training complex.
Surprise was hit hard by speculators looking for inexpensive property. They came in to buy in bulk and since have left en masse, deflating home values to pre-2005 prices.
This isn’t necessarily a bad thing.
Having spent last weekend at Richmond American’s development in Surprise Farms – about as far west as you can go here in the Northwest Valley – and watching the foot traffic through the models, it’s clear this is an area to which people still flock. Sun City Grand isn’t going anywhere. And neither is the city.
Every now and then one the bubble blogs try baiting for comments with an asinine statement intimating Surprise and other Phoenix area communities will be ghost towns.
Looking out the windows of Surprise Stadium on a sunny Saturday morning, it’s clear they haven’t the slightest idea what they’re talking about. Yes, the real estate market here has softened. But as baseball renews itself every spring, so to will the real estate market one day return.
[tags]Phoenix real estate, Surprise stadium[/tags]