The Phoenix real estate market is back, and is moving in a positive direction.?According to the existing home sales numbers issued by the National Association of Realtors, Phoenix was the best performing market in the United States.?More importantly, it isn?t just inventory that?s reducing, but prices are coming back as well.
The Phoenix market had a 35% increase in the average home price over the same month in 2011. ?This is due in large part to the number of foreclosures that flooded the market in 2011. ?In fact, in September 2011, 50% of all of the homes sold in Phoenix were foreclosures. ?The downward pressure on pricing that foreclosures is the absolute biggest factor in those reduced prices over the last few years. ?Banks in many cases just want to get the home off of their books , and any reasonable offer was accepted. ?When those sales figures started to be factored in, prices plummeted.
Now that those foreclosures have worked their way through the system, just 13% of the homes sold this September were foreclosures. ?The best news of all? ?Analysts predict that the trend will continue into 2013.
New home construction, which previously had been almost non-existent and which often pushes prices in an area up, is back with a vengeance. ?That coupled with low unemployment in Phoenix l, strong demand from retirees, and excellent affordability of quality housing ? the market is primed to be strong especially in the most desirable areas.
If you are currently considering purchasing a home in Phoenix or a surrounding area, please contact us! It would be our pleasure to share with you all of the wonderful opportunities that currently exist in the Phoenix real estate market.
Showing properties
1 - 20 of 500+.
See more Phoenix Homes For Sale.
(all data current as of
12/6/2012)
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2 beds, 1.00 baths
Home size: 977 sq ft
Lot size: 5,988 sqft
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3 beds, 2.50 baths
Home size: 2,555 sq ft
Lot size: 6,882 sqft
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2 beds, 1.00 baths
Home size: 1,195 sq ft
Lot size: 7,619 sqft
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2 beds, 2.00 baths
Home size: 946 sq ft
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2 beds, 2.00 baths
Home size: 1,086 sq ft
Lot size: 4,408 sqft
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3 beds, 1.00 baths
Home size: 1,100 sq ft
Lot size: 5,984 sqft
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3 beds, 1.00 baths
Home size: 750 sq ft
Lot size: 8,316 sqft
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2 beds, 2.00 baths
Home size: 929 sq ft
Lot size: 896 sqft
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3 beds, 1.75 baths
Home size: 1,321 sq ft
Lot size: 6,342 sqft
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4 beds, 1.75 baths
Home size: 1,318 sq ft
Lot size: 32,739 sqft
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5 beds, 3.50 baths
Home size: 2,572 sq ft
Lot size: 5,500 sqft
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2 beds, 1.00 baths
Home size: 875 sq ft
Lot size: 73.00 ac
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4 beds, 2.50 baths
Home size: 1,954 sq ft
Lot size: 6,000 sqft
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4 beds, 2.00 baths
Home size: 1,378 sq ft
Lot size: 6,957 sqft
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4 beds, 2.50 baths
Home size: 2,461 sq ft
Lot size: 3,363 sqft
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3 beds, 1.75 baths
Home size: 1,208 sq ft
Lot size: 9,797 sqft
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4 beds, 3.00 baths
Home size: 2,439 sq ft
Lot size: 6,760 sqft
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2 beds, 1.50 baths
Home size: 1,251 sq ft
Lot size: 632 sqft
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3 beds, 2.00 baths
Home size: 1,520 sq ft
Lot size: 6,216 sqft
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3 beds, 2.50 baths
Home size: 1,444 sq ft
Lot size: 2,100 sqft
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Source: http://forsalephoenixhomes.com/buyers/phoenix-real-estate-market-best-performing-in-nation/
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