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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3 beds, 2.50 baths
Home size: 1,558 sq ft
Lot size: 5,164 sqft
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3 beds, 2.00 baths
Home size: 1,129 sq ft
Lot size: 7,261 sqft
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2 beds, 2.00 baths
Home size: 1,439 sq ft
Lot size: 4,087 sqft
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2 beds, 2.00 baths
Home size: 902 sq ft
Lot size: 2,487 sqft
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2 beds, 2.00 baths
Home size: 1,003 sq ft
Lot size: 5,197 sqft
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4 beds, 2.00 baths
Home size: 1,599 sq ft
Lot size: 6,024 sqft
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2 beds, 1.00 baths
Home size: 1,020 sq ft
Lot size: 7,327 sqft
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3 beds, 2.00 baths
Home size: 1,766 sq ft
Lot size: 7,349 sqft
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3 beds, 2.50 baths
Home size: 1,184 sq ft
Lot size: 739 sqft
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2 beds, 2.00 baths
Home size: 1,026 sq ft
Lot size: 423 sqft
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4 beds, 1.75 baths
Home size: 1,716 sq ft
Lot size: 8,965 sqft
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3 beds, 2.50 baths
Home size: 1,628 sq ft
Lot size: 6,777 sqft
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4 beds, 1.00 baths
Home size: 1,608 sq ft
Lot size: 8,322 sqft
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2 beds, 2.00 baths
Home size: 1,289 sq ft
Lot size: 5,181 sqft
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3 beds, 2.50 baths
Home size: 1,883 sq ft
Lot size: 1,299 sqft
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5 beds, 3.00 baths
Home size: 1,851 sq ft
Lot size: 5,580 sqft
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3 beds, 1.00 baths
Home size: 1,880 sq ft
Lot size: 7,675 sqft
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3 beds, 1.75 baths
Home size: 1,435 sq ft
Lot size: 8,288 sqft
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3 beds, 2.00 baths
Home size: 1,522 sq ft
Lot size: 8,703 sqft
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3 beds, 2.00 baths
Home size: 1,615 sq ft
Lot size: 5,850 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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