Cave Creek AZ · Member since 2026 · 11 posts · 3 votes
Genuinely curious what people active in the North Phoenix and Cave Creek market are experiencing on the ground. The macro story around TSMC and the 39+ semiconductor companies relocating to the Valley is hard to ignore, but is that demand actually showing up in real transactions yet?
Also interested in how people are handling furnished property valuations when comps are mostly unfurnished — does the turnkey premium show up in your underwriting or do you treat it separately?
Real Estate Agent · Scottsdale, AZ · Member since 2021 · 156 posts · 90 votes
5mo
Ive been an agent / investor out here for 6 years and in the past 2 years I have seen the shift. In my STR portfolio we are hosting more and more travelers and executives from Taiwan. In terms of real estate sales, Ive worked with several employees who bought in the deer valley, surprise and north glendale markets specifically for the factory.
Genuinely curious what people active in the North Phoenix and Cave Creek market are experiencing on the ground. The macro story around TSMC and the 39+ semiconductor companies relocating to the Valley is hard to ignore, but is that demand actually showing up in real transactions yet?
Also interested in how people are handling furnished property valuations when comps are mostly unfurnished — does the turnkey premium show up in your underwriting or do you treat it separately?
Hey Steve! This is a great question and the TMSC factory has raised a ton of questions. I am a commercial agent that is super active in the Phoenix Metro area and i am seeing that no matter what, the market is not slowing down in North Phoenix, the supply is low on all fronts.
In regard to the furnished question - when i do residential we tend to exclude the furniture for the underwriting and comps and transfer on a seperate bill of sale! Happy to chat more!