Does anyone know the market for Vail, AZ?

Question

I heard they are building a Mall of America there, and a Six Flags. Is the market a good place to purchase considering the advancements of the population due to these future buildings? What about the current market.....do you think Vail will increase and a good place to purchase?

There is a Vail ALSO in Colorado- just like there are multiple SIX FLAGS. I'm talking about the one in ARIZONA.

Answer 1

I thought Vail was in Colorado.

"When 2004 was the hottest market on record, nobody expected 2005 to be even hotter," said a accredited land consultant. "We normally average about 2.5 people per house. If you look at the 28,000 people who moved to Tucson in 2005, a total of 11,200 homes were sold to meet their needs. That means 1,000 homes were sold to meet speculator demand, but even with these homes back on the market, I would still predict 10,000 new homes sold in 2006."

"That total also subtracts the potential purchasers of condominium conversions. With between 2,500 and 5,000 of them planned, mostly for the Catalina Foothills, they will make their mark," the consultant said.

Beyond Tucson, he said even more sales are likely outside of metropolitan boundaries as the city's growth continues on the periphery in Catalina, south on I-19 and beyond Vail into the Benson area. "As office and home builders compete for land, we could continue to see that outward pressure with 500 homes sold, in 2006 alone, in Cochise County."

Answer 2

sounds like speculation dessert property to me