Real Estate

Buckhorn Baths, vacant lots: What's next for these metro Phoenix eyesores

A roadside motel with a sign that says Buckhorn Baths Hotel.
Buckhorn Baths is an expansive property that's fallen into disrepair. Photo: Jessica Boehm/Axios

We feel pretty blessed to live in a city that is relatively new and well-maintained.

Yes, but: That doesn't mean there aren't a few places we'd like to see get some TLC.

  • Apparently, you agree! Here are some of the eyesores you've sent to us, and what we know about them and their future.

Phoenix wants more development in these four places

Illustration of a construction crane lifting another crane, which is lifting another crane, which is lifting another crane.
Illustration: Brendan Lynch/Axios

Phoenix has its eyes on a few pieces of land that are ripe for development.

What's happening: The city's economic development leaders briefed a council subcommittee Wednesday on four city-owned properties they plan to pitch to developers in the next year.

Where does Arcadia begin? Play this game to draw Phoenix neighborhoods

A gif of neighborhoods drawn on a map.

Have you ever gotten into a heated argument about where Arcadia actually begins? Or whether Melrose goes west of Seventh Avenue?

  • We have! And if you're like us, you're going to love this new neighborhood drawing game from Axios.

Phoenix needs more houses and apartments to keep up with demand

Data: Redfin; Table: Thomas Oide/Axios
Data: Redfin; Table: Thomas Oide/Axios

For almost all of Phoenix's history, our housing prices were below the national average, winning us a reputation of affordability.

  • That's not the case anymore, and it hasn't been since 2019.

Driving the news: Our affordability problem is simply a matter of supply and demand.

Phoenix median home price drops $20k but a crash is unlikely

Data: Redfin; Chart: Kavya Beheraj/Axios

Phoenix's hot housing market is cooling — not crashing.

Why it matters: When home prices started to fall this summer, many in the Valley were reminded of the 2008 housing crash that left more than two-thirds of metro Phoenix homeowners underwater on their mortgages.

How Arizona's water situation could affect its housing growth

Illustration of a leaky faucet with a drop of water in the shape of a house
Illustration: Sarah Grillo/Axios

Tom Buschatzke, director of Arizona Department of Water Resources (ADWR), tells Axios that the state has enough water to meet its housing growth, though "it's probably not obvious."

  • Yes, but: That doesn't mean homebuilding in the Valley won't face new restrictions in the near future.

Phoenix's average apartment costs $1,600 per month

Data: RentCafe; Chart: Thomas Oide/Axios

During the housing boom of the early 2000s, rent prices stayed relatively stable as home prices climbed quickly.

  • But the past few years, rents have risen almost as quickly as home prices, leaving few housing options for middle- and low-income residents.
Jessica Boehm
Sep 7, 2022 - News

Phoenix expected to spend $500,000 on gated alleyways

A gate in front of an alley.
One of the gated alleyways from Phoenix's pilot program. Photo: City of Phoenix

The Phoenix City Council is expected to vote Wednesday to spend $500,000 to expand its gated alleyways program, which some neighborhoods believe will deter crime and trespassing.

  • The council will vote to make the program a permanent city function and provide funding to gate approximately 45 additional alley segments.

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