Vistancia had defied the current housing market trends by succeeding amid challenges posed by rising interest rates and lack of housing supply.

Vistancia has been voted the No. 1 Master-Planned Community in Arizona by Ranking Arizona for four years in a row. It is located in Northern Peoria, Arizona, with an area code of 85383.

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Vistancia is celebrated for its picturesque landscapes, including the renowned Blackstone, Ridgecrest, The Village, and Northpointe sub-communities.

 Twin Peaks, the exclusive North Point area, boasts a top-rated country club and a golf course designed by the legendary Jack Nichols, an activist for growth inside the United States.

Despite the overarching narrative of a housing crisis, local real estate professionals maintain a bullish outlook on Vistancia’s market.

Anna Ratiu, a real estate agent and the director of economic development in Peoria, offers a perspective into the thriving market dynamics and the unparalleled living experience Vistancia affords.

“We are still in a demand state,” said Ratiu, highlighting a persistent shortage of homes while acknowledging the challenges posed by rising interest rates and the pace of construction.

It challenges the pervasive narrative of a housing crisis with its unique blend of lifestyle, luxury, and economic opportunity.

Mike Orr is the director of the Center for Real Estate Theory and Practice at the WP Carey School of Business at ASU and the founder of the Cromford Report, and his data backs up the statement, “UCB and CCBS showed months of supply over four years of decline in homes inside the community of Vistancia” said Orr.

Cromford data also show that over a 20-year timeline, updated in February 2024, an influx of showing demand increased around 75,000 potential residents, and supply decreased around 50,000 homes and steadily went down.

Ratiu was in real estate through a few cycles and does not believe we are in a housing crisis. Ratiu explained, highlighting the sustained demand driving the local market. “We are currently in a healthy market with a shortage of homes,” said Ratiu.

Addressing the efficiency of the construction sector in response to this demand, Ratiu notes, “Builders are trying to build homes for 2-3 months, which is faster than the six months,” said Ratiu.

 Illustrating a robust effort to meet the community’s needs despite the challenges of interest rates.

 “Naturally, with inflation, we are going to see an increase in homes as well,” said Ratiu. She remains optimistic about the community, especially compared to neighboring states.

“Arizona real estate in quarter one of 1995 was at a 100-price index” according to Federal Reserve Data. Twenty-nine years later, the price index of quarter four in 2023 was increased to 49.96 percent in Arizona.

Nevertheless, the Vistancia Price proposition is still worth the price adjustment. The average in California for quarter four of 2023 was an 928.95 price index.

Compared to California, Vistancia offers lifestyle and schooling in higher education, she asserts, drawing a contrast to the often prohibitive cost of living across the state line. The amenities within Vistancia itself serve as a testament to its allure, boasting “pools, fitness centers, a 3-and-a-half mile trail for the community,” said Ratiu.

 TSMC computer factory allows thousands of jobs from the Taiwanese computer chip factory within a 15-mile radius.

 “We are developing” a five north inside a testing facility and 2,000 jobs ALA charter schools,” said Ratiu.

They are highlighting the economic and educational advancements being made. “Many people are coming from California because it is a community string everything, and it is 10 minutes off TSMC,” Ratiu said, referencing the strategic location that adds to Vistancia’s appeal.

Developing a new testing facility and adding 2,000 jobs underscores the area’s economic viability, attracting residents from across California seeking a holistic living experience. Adrian Savu, a prospective home buyer, is seeking a home that accommodates his personal preferences and the needs of his roommates.

 “It is cheaper to buy a house in the market now than it was last year,” said Savu. TSMC is offering insight into the financial considerations driving his decision to invest in homeownership, as many other home buyers have.

“Buying a house over rent is under your name, and you can rent it out later to other people as an investment,” said Savu.

He revealed a strategic approach and investment to building wealth through property ownership. In addition to the financial incentives, Savu is drawn to Vistancia’s abundant amenities.

“The community has nice parks, places to play pickleball, and a lovely area to walk around,” said Savu.

                  Jack Neyts, a former resident of Vistancia, moved out in the summer of 2023. “It was a really cool and chill area, but it was too far away from anything fun,” said Neyts.

                  As Vistancia continues to evolve and grow in population, it represents not just a refuge for those escaping the expensive costs and pace of California and other outdated areas of Arizona but the appeal of well-conceived, inclusive communities that cater to a broad spectrum of homeowners.