www.SanTanSun.com
Community
February 3 - 16, 2007 13
Slow housing market postpones build out
Local bat
Sluggish home sales means Chandler will face build housing market gets back to normal.”
men compete
out two years later than previously thought, according De la Torre cites as “good news” the Valley’s “strong
to Senior City Planner David de la Torre. While City commercial, office and industrial markets,” and
Snedigar Sportsplex
officials predicted Chandler would be 95 percent built lists Intel, Countrywide, Air Products & Chemicals,
recently hosted the first
out in 2010, they now expect to reach that milestone MediServe, Armor Works, Hensley and Covance as
DeMarini Home Run Classic,
in 2012. a partial list of companies that are currently in the
a hitting contest for Men’s Billy Beacher
“The Valley experienced a housing boom during process of expanding or building in Chandler.
Slow-Pitch Softball League
winter-session participants.
2004-2005 that eventually led to an overabundance “All of these companies and others that are currently
Billy Beacher of the 555s
of houses on the market,” explains de la Torre. in the expansion or new development phases will yield
was the B-League winner,
“Consequently, the excess supply of homes for sale at least 10,000 new jobs when the companies are fully
Ralph Estrada Jr. of team
has dramatically slowed new single-family home staffed,” he says. “The strong job growth will continue
Brycon was the C-League
construction, cutting single-family permits issued to bring in population and create demand for homes,
winner, and Rudy Gomez
in Chandler to less than half of what was issued the and thus help to absorb the excess supply of homes.”
of team Longust was the D-
Ralph Estrada Jr.
previous year.” According to Chandler’s most recent Official
League winner. The winning
The City issued 2,085 single-family home Population and Housing Unit Projections, the City
batters each took home a new
construction permits in 2005, and 895 permits in 2006. will have approximately 247,800 residents by July 1,
DeMarini EVO softball bat.
De la Torre, quoting local economist Elliot Pollack, 264,800 by July 1, 2010, and 286,300 by July 1, 2025.
For information on
says the housing market is currently experiencing an Chandler’s General Plan will be updated later this
Chandler’s Adult Sports
“inventory correction.” year, says de la Torre, and will focus on build-out Program, call 480-782-2704
“The timing for it to recover depends on how many issues and strategies. or go to www.chandleraz.
new permits are issued in 2007. The less the amount of gov/adult-sports.
Rudy Gomez
new homes built, the sooner the inventory correction
will be over. It may take a couple of years before the
Participate in City
Services Academy
Fulton Ranch from Page 12 Residents with a desire to learn more about Chandler’s
infrastructure are encouraged to attend the upcoming
“He’s personalized the area,” he adds. “It’s a have been $1 million-plus houses. Knowing that those 10-week City Services Academy. The course, initiated in
magnificent tribute to the City of Chandler.” buyers are looking here, the real estate community
2000 by the Office of Neighborhood Programs, is held
will wait and see if developments like Fulton Ranch
Tuesday evenings from 6 to 9 p.m. beginning Feb. 20.
Courting affluent buyers suit their particular tastes.
Attendees meet with staff members from City
Recent events including the completion of the “If the product is nice, the buyers will be there,” she
departments and gain an understanding of Chandler
and its government in an educational, interactive way.
Chandler section of the Santan Freeway and growth concludes.
Participants must be at least 18 years old, and should
around the Chandler Fashion Center have given the
live, work or attend school in Chandler.
city an upscale appeal that is starting to attract high-
Jennifer Hesse is a freelance reporter and may be contacted at
To register or receive more information, call 480-782-
end buyers, Royse says, adding that her last four sales
JenniferH@SanTanSun.com.
2246 or visit www.chandleraz.gov.
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