At the moment, I’m working with several clients looking for detached homes in the same rough price band – all want at least three bedrooms, two baths, around 1,600 square feet or more all for $80,000 or less.
One, while taking a trip up north, drove through the East Valley and started considering purchasing a home over there instead of here in the West Valley where they already live. There’s just one issue …
Each of these green squares on the map represent a home for sale. There are a few in Buckeye, some in the Avondale/Tolleson area south of I-10 and many, many homes in west and northwest Phoenix, Peoria and Glendale.
Out east, however, the options thin quickly … a handful in Maricopa, a couple in San Tan Valley and Queen Creek, a few scattered along the Superstition Freeway corridor, and then nothing until Florence.
Simply put, a buyer can purchase more for his or her money in the West Valley than the east. One of the reasons is the West Valley has not as populated for as long, and while newer homes do sell for more than older homes, as established baseline for prices that has risen over the years will provide a higher starting point than that of a newer area.
And since much of the construction in the West Valley took place in the couple of years of the real estate run-up and collapse, we’ve been hit a bit harder out here than our friends in the East Valley.
This isn’t to say you ought to move west if your heart is set on the east. But price often dictates where you purchase your next home. In the lower price points, the prices are pointing this direction.