Phoenix Coyotes Stay in Glendale What it Means for Real Estate

Its been over 3 years since the Coyotes woes started but they finally saw all the pieces fall into place when a new Ownership group lead by a team of Canadians bought the team and secured a lease for jobing.com arena with City of Glendale. This is all great but what does it mean for Real Estate in the area?

BIG THINGS... that's what it means, since the Coyotes have sold Westgate Entertainment district has seen an explosion in number of restaurants and shops. Part of this could be contributed to the announcement that Glendale will be the host of the 2015 Superbowl but undoubtedly a large contributing factor is that the Coyotes are here to stay. Also since the announcement of the sale we have seen an increase in prices of residential real estate around the Westgate Entertainment District. Prices at The Quarter, an upscale condo complex on the edge of Westgate, have seen price rise from the $175-$190 Thousand dollar range before Coyotes announcement to $225-$250 Thousand weeks after the announcement.

All in All I think it is safe to say that with the Coyotes staying in the desert for at least another 5 years, and hopefully a lot longer than that, real estate around the Westgate Entertainment District and jobing.com Arena will be a hot commodity.

Phoenix Property Management

Phoenix Real Estate

iDeal Realty & Management

9051 W Kelton Lane, Suite 10

Peoria, Arizona 85382