Pecos/202 Realignment and the Market
With construction in full swing along Pecos at Ahwatukee’s southern edge, some sellers are seeing their success impacted. Generally, the closer to the 202/Pecos, and the further west from I10, the more extreme the dampening on the market. There are 3 zip codes in Ahwatukee, and two of them border Pecos. From I-10 west to 1st Avenue is 85048. From 1st Ave west to the edge of Calabrea is zip 85045.
With slower moving inventory and softer appreciation, this zip code seems to be suffering from the negative hype and real traffic disruption- and again, the closer to Pecos, the more challenging. Perhaps because Club West and Reserve are such lovely communities, the sales have not ground to a halt. But inventory is up, days on market are up, and appreciation is lagging many other areas in town. So, those wanting or needing to sell in 85045, most specifically south of Chandler Blvd, will need to price wisely, and be patient while finding the right buyer willing to put up with the 202 construction.
Below is the Cromford Report market snap shot as of April 1st. Call with questions or to discuss!