Why are some new houses in Queen Creek AZ. super cheap?

Asked by John Love, Norway, MI Mon Jan 28, 2008

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Eve Bragg, , Queen Creek, AZ
Thu Aug 6, 2009
Well the housing market out here in Queen Creek is priced low in general due to Foreclsures and Short Sales... The builders built new homes for people then they ended backng out because of all kinds of crazy in the US today.. So these are called spec homes and you can buy these even cheaper then building from scratch.. Some builders have paused there building till these spec homes have sold.. If you need more detail feel free to email me or cal...Hope this helped a little...
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Phxhousebuyer, Both Buyer And Seller, Phoenix, AZ
Thu May 21, 2009
You should look into how much flood insurance will cost you in Queen Creek. It's been known to flood during the monsoons. Also queen creek is in a flood control zone, just as most of phoenix is.
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Cecil Duarte, , Phoenix, AZ
Mon Jan 28, 2008
John,

Queen Creek is in Pinal County and about 35 miles from Downtown Phoenix. There is no real infrastruture in Queen Creek and it is mostly a Bedroom Community. It grew out of a desperate need for cheaper housing when the East Valley of Phoenix was going through a price boom. In 2004- 2005 the East Valley which includes cities of Mesa, Chandler, Gilbert and Tempe experienced an average of 42% appreciation and those prices forced a lot of builders and buyers to go where land was a lot cheaper. Cheaper costs of builders means cheaper prices for buyers. The problem is that the there are no real jobs and with the cost of gas and the distance to freeways has caused a lot of folks to just walk away from their homes- Queen Creek is one of the highest cities in Phoenix experiencing foreclosures. We have a lot of investors and home owners who call our company to find them a tenant and with the high demand for renters- the rental market is a real bargain. For example - we currently has several homes with 4 bedrooms- 2 baths -built in 2004 and are available for rent at $750-$800 a month
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