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You are here: Home / Homes Near Light Rail / Real Estate Market Says Go For A Walk

Real Estate Market Says Go For A Walk

January 19, 2012 by Nick Bastian 4 Comments

Most of us know the importance of walk ability when it comes to choosing a place to live. As we’ve said before, it seems like more people in the Phoenix Metropolitan area are becoming aware of a more urban lifestyle, but most still prefer to drive.

We’ve heard a lot about the trend to build infill developments in urban cores for several years now. Who knows, the time may be right. In our area and across the country, people seem to desire the convenience and time-saving aspects of living in walk able neighborhoods.

“Six in 10 adults said they would rather live in a neighborhood that featured a mix of houses, stores, and businesses within an easy walk” – 2011 Community Preference Survey

Living, working and playing close to home can be convenient and cost effective. Around here, many people are surprised to discover how few choices we really have, though.  Affordable housing near the light rail line is scarce, off-campus housing for ASU students can be difficult to find, and seniors have limited options, as well. Yes, thousands of homes and apartments are scattered along the 20 miles of our light rail system, yet true urban and walk able experiences are much more limited than those found in other cities.

As we see new infill projects come to life, I believe it will help many aspects of the market. While people love the ( hard to find ) single family housing neighborhoods close to convenient transit options, there is also a clear need for mid level, multi purpose developments where restaurants, shops and offices share space with residential components.

One Lexington Phoenix AZ - cloudy day

Lord knows we have plenty of infill spaces in the Valley. As one of the major sprawl centers of the universe, Phoenix grew for decades, leaving many smaller yet great spaces unattended to. Along the 20 mile stretch of our light rail line you won’t ride for long without being able to see many desirable locations where quality development is just waiting to happen. And happen it will:

Think about it. Demand for homes and business along the line has been high, yet choices remain lower than many realize. When you think about walking somewhere in our towns, the areas in downtown Phoenix, the Mill Avenue District and a few others are considered pretty convenient and easy to get around. For instance, I can easily walk from the light rail station on Mill Avenue and head down to a place like La Bocca with no problem. It takes just a few minutes to walk there, and the many places I see while on my way make for a much more pleasant journey. On the other hand, if someone walks from Lux in Phoenix to the George and Dragon, the amount of “dead space” on the way makes the walk seem so much farther.

Willo Historic District

As we continue to grow and as we continue to see even more urban spaces become available, I believe we will continue to see some great things happening along the line. Homes, entertainment, shopping and more can and should all be right outside of your front door.

Filed Under: Homes Near Light Rail

About Nick Bastian

Nick Bastian is a 29 year veteran of the real estate industry and can be reached at 602-803-6425. You'll also find him sharing real estate info on his web site and hanging out onTwitter.
Family man, lover of life, maker of friends. A bit of a geek, long time Tempe real estate guy just havin' some fun. What's your story?

Comments

  1. Taz Loomans says

    January 21, 2012 at 9:42 am

    Nick, great article. I agree, infill development along the Light Rail is incredibly important and I think is finally becoming a focus. The Sustainable Communities Working Group is facilitating just this kind of transit-oriented development with a focus on affordable housing. Also the new HUD grant that Phoenix received is focused on planning around the Light Rail with an eye towards infill and increasing density, which therefore will allow for greater walkability.

    Reply
    • Rail Life says

      January 21, 2012 at 12:06 pm

      Thanks so much, Taz. I love what you are doing and I have enjoyed watching some of the focus and planning happening along the line. It will be cool to see some of the new infill developments where people can utilize our transportation options and enjoy a more urban lifestyle.

      Reply
  2. Ira Serkes says

    January 21, 2012 at 10:16 am

    I was returning from a night neon shoot in Mesa and immediately noticed all the new development along the street car route.

    Very impressive!

    And I LOVE your rail life concept

    Ira

    Reply
    • Rail Life says

      January 21, 2012 at 12:10 pm

      Hey, Ira it’s great to hear from you. Thanks so much for stopping by!
      I am really looking forward to some of the new things we will be seeing in Mesa. That extension is going to be a huge benefit to the entire system.
      Next time you are in town we should meet for coffee or something. 🙂

      Reply

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