Hidden in the west valley are two water ski communities; Spring Mountain Ski Ranch and Lakeside Ski Village. Spring Mountain Ski Ranch was established in 2005 with initial sales of the one acre lots between $250K – $385K. After surviving the real estate down turn along with recent improvements, SMSR is a water ski community that has become a community that is attracting a lot of attention.
Adjacent to the Ahwatukee foothills you’ll find the city of Phoenix’s largest residential lake that features over 170 waterfront properties. These lakefront lots that welcome boaters are situated on 38 acres of water on two residential lakes. With the recent extension of the loop 202 South Mountain freeway, access to the east valley, Sky Harbor airport and central Phoenix is that much easier.
Who could have predicted such a crazy six months as we’ve seen in the first half of 2020. COVID-19 has made everyone sit back and wonder if there is any normalcy left in the world. The pandemic and the associated events have left many wondering how the real estate market has fared. That’s what we’re going to look at in this Phoenix real estate market update for the 1st half of the year. If you are curious, click to find out.