Big jobs are becoming big news in Arizona and are helping some parts of the valley see tremendous sales activity. We are seeing bidding wars with multiple offers on properties, homes selling in very short amounts of time and people being priced out of neighborhoods where they could have purchased just a year or so ago.
Sure, the Spring buying season and the coming school year have a lot to do with it, but so do low interest rates, low inventory levels and JOBS. Lots of jobs. These jobs are coming to several parts of the valley, and one would be foolish to think that job growth and job creation isn’t good for those of us in the business of helping people buy and sell homes.
Some of these jobs are coming from long time Arizona companies, some are new to the valley.
Kind of a BIG Deal:
As prime examples, we recently learned that Apple and State Farm are making BIG investments in Arizona. As part of their big investment, Apple plans to add up to 500 additional jobs to their $2 BILLION data command center in East Mesa. State Farm is building over 2 million square feet of Class A office space at their $600 million Marina Heights project in Tempe. Rumor has it that this project could eventually be close to a $Billion investment in the area. This massive project is bringing thousands of jobs and a ton of additional economic development from people other than State Farm, as well.
These sound like real jobs. Jobs that are bringing new people to these parts of town to live, work and play.
GoDaddy is also expanding, we know that Northern Trust is bringing 1000 jobs to Tempe, and a recent newspaper article talks about multiple companies looking to hire more than 100 people this month. Jobs in healthcare, food services, medical, school districts, technology, the golf industry and more are in demand.
As people begin to get comfortable with their finances, as they look to settle into new areas, and as they look to their future, they often look for a great place to call home.
We’re glad to see these jobs being created. If you are new to the valley or if you will be making a move because of a new job, we are happy to help with any of your housing needs. You can use this quick home search tool below or you can contact us and we’ll be glad to create a customized search for you.