Is it a good time to buy in zip code 85027?

Asked by Eva, Phoenix, AZ Sun May 20, 2007

Need to know more about the area. There's a landfill close by but I was told it's going to be closing soon. How can I verify that?

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Paul Slaybau…, Agent, Scottsdale, AZ
Thu Jul 19, 2007
Interesting comments, Kevan. One fundamental problem with your assessment of the market, however. Can you tell me where interest rates will be in 6 months? Prices may very well trend downward through the remainder of the year and beyond, but that is not the only variable at play here. This is not the stock market. If interest rates continue to climb, your purchasing power has greatly diminished. While you may ultimately be proven right, to make the blanket statement that it will be a better time to buy in 6 months is simply foolhardy. All we can be sure of is that it is indeed a good time to buy right now if you are in the market for a home. On to the original question, the landfill you refer to is indeed the closed Skunk Creek Landfill. With the landfill no longer operating, there is a transfer station that was opened this year in the Dynamite Mountain area. Do some research on the North Gateway Transfer Station. It's basically open to the public (non-hazardous materials), and is entirely operated indoors. The waste is transfered via truck to a landfill outside of Phoenix city limits. There is a lot of construction going in along the I-17 corridor, if you are looking in that area, the are several factors of which to be aware (which should be noted in the Public Report that builders are madated to provide). In addition to the transfer station, there is a water treatment facility, an operating mine (you might hear an occasional BOOM), the Deer Valley Airport in relatively close proximity, and expansive soil conditions in some communities (I wouldn't contract with a builder in the area that doesn't utilize post-tension slab reinforcement. You would think that a buyer should run away from the area like their hair was on fire with a list like this, but after much investigation, none of my clients have been scared away by any of it.
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1 vote
Jonathan Dal…, Agent, Glendale, AZ
Sun May 20, 2007
Here's the link to the City of Phoenix's website about the Skunk Creek landfill, which closed at the end of 2006. As Jay mentioned (as I was looking up the same numbers, incidentally) there's a wide variety of housing available in 85027 as well as different school districts in play. If you can provide some more specifics of what is most important to you in an area, it might make it easier to answer your questions about the area.
2 votes
Kevan, , Phoenix, AZ
Mon May 21, 2007
Eva, the last person you should listen to right now about the housing market is a real estate agent. Remember, they get paid based on how much you buy your house for. The longer you wait in this TRUE buyers market, the more money you will save, which means less money in the agents pocket. Every single real estate agent will tell you now is a good time to buy, people buying houses is the difference between them eating steak and lobster or ramen and eggs.

Give the market another 6 months to a year if you can. You'll save money in your purchase price and have more time to sock away savings for a down payment!
1 vote
People Inves…, , Los Angeles County, CA
Sun Dec 9, 2012
I recommend looking elsewhere. Most former dumpsites contain carcinogenic chemicals and generate highly explosive, highly flammable landfill gases. These toxic gases can migrate at least a 1,000 feet from the perimeter of a landfill, putting the health and safety of nearby residents at risk.
0 votes
Tempedude, , Tempe, AZ
Fri Dec 19, 2008
kevan was right, agents were all wrong!

since may of this year: averge listed price per square foot has gone from 215 to 180! 20% price drop in half a year!
average listed days on the market has gone from 102 to 122!

so they are selling cheaper, and sellers are still having more difficulty selling.

Pau: home prices are dropping because they are unaffordable. if rates go up, they are more unaffordable, and thus will drop even more.

jay thompson, "it may be the best time to buy in your life" yeah if losing 20% of the home value immediately was your goal!!!

you guys are hilarious! ever been right about anything?
0 votes
Tony Marriott, , 85338
Tue May 29, 2007
What are your motivations for thinking about buying? If you need a home, you can find one that fits your needs, including price. If you want to invest, you can find property that will also meet your needs.

Sure, you can wait. This decision should be made on your position and what you need. Real estate professionals in this area are not in business to muscle you into doing something you don't want to do.
0 votes
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