Investing along the Phoenix light rail.

I think this will be a turning point for Greater Phoenix.  I don’t really know what it will mean for the entire city but its bound to have affect for those in the vicinity and even people who won’t use it or care about it; because of residual effects of how others, visitors and businesses view the valley as a whole.  Most commercial builders and investors have very high expectations and plans, some of which have been in the works for quite a while. 

The view is improving and the city is maturing.

Real estate investors, even individuals, should have their eye on the opportunities that the light rail presents.  As the density increases some lots will skyrocket in value while others will be ripe for refurbishing, all to cater to the increasing population along the rail.  With it, there will be additional appreciation and cause for redeveloping a lot of the land, including large and small lots within walking distance to the rail.

It’s not too late.  In fact, the slow down should spur investors to take advantage of the depressed prices.  There is data out there showing the benefits a light rails system has to real estate owners. 

In Dallas, Portland, San Diego and other cities where light rail projects have been completed there have been increased in values greater then properties not served by the rail.  The possibilities are there, even for single family homes or small apartments.