New High End Mall for Goodyear, AZ

Good news for Goodyear residents!

Macerich company announced that they are going to start construction this year on a high end regional mall in Goodyear, AZ.  The mall is scheduled for completion by 2014. 

Interestingly, they didn’t mention in this article the exact location but I’d be willing to bet we’re going to see this go up on the north side of the I-10 between Bullard and Estrella Parkway.  How could I possibly know that you might ask?  Very simple – I checked out the city of Goodyear website.  Looks suspiciously like the same project that was delayed in 2008 and 2009.

This is great news and further illustration that the market is turning a corner.  This should mean more people traveling to Goodyear, more money spent in Goodyear, more jobs and an increased demand for housing.  Just another in a series of indications to me that we are rapidly turning the corner and will soon start working down the excess inventory in this market – when that happens we may actually start to see price increases.