U.S. Markets close in 41 mins

Metro Phoenix market has hundreds of condos on the way, report shows

Angela Gonzales
Metro Phoenix market has hundreds of condos on the way, report shows

With 691 new condominiums under construction in metro Phoenix, another 711 are in the pipeline, according to a September data report from Polaris Pacific. "What's interesting about the new stuff coming online, a lot of it is really high end," said Crel Vogel, regional sales manager for San Francisco-based Polaris Pacific's Arizona market. Optima Kierland, a high-end condominium project next to Kierland Commons in Scottsdale, is poised to double in size with another tower.