Two recent land sales will result in more housing in Estrella. The sales, which total more than 30 acres, will allow the West Valley’s premier master-planned community space for additional homes, thus meeting the growing need for housing. The parcels were purchased by Richmond American Homes and Brightland Homes and are located at the northeast corner of Estrella Parkway and Cotton Lane.
“We’re excited to bring these two builders back to Estrella. They’ve been successful here in the past, and we’re thrilled they recognize Estrella as the terrific community it is,” said Jeff Zimmerman, Director of Entitlements and Development for Estrella Development Company. “Whether you’re looking for lakeside living, hiking and biking on our 65 miles of trails, or a small town feel just over the hill, Estrella has a tremendous amount to offer.”
With slightly lower interest rates and more rate reductions expected, homebuilders could see more competition for homes coming on the market. Phoenix Realtors reported that sellers were reluctant to put homes on the market, and through November 2023, West Valley communities saw new listings drop by up to 25% from 2022.
That could change in 2024 as the West Valley has announced major new employers bringing thousands of new jobs. According to The Arizona Republic, the Valley is still one of the top metro areas nationally for homebuilding and is “poised to see more new houses go up in 2024.”
Find your new home at Estrella.com and discover why 8,000 families already call this diverse, welcoming West Valley master-planned community home. Located in Goodyear, Arizona amongst pristine mountains and a dramatic desert landscape, Estrella amenities include multiple Residents’ Clubs, resort-style pools and a waterpark, 72 acres of lakes, 65-plus miles of paths and trails, the Yacht Club of Estrella, the award-winning Nicklaus Design course at the Golf Club of Estrella, community welcome center, and more than 50 neighborhood parks.
