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Phoenix Real Estate and Homes for Sale | Jonathan Dalton, Realty ONE Group – (602) 502-9693

Jonathan Dalton
REALTOR
ePro, SFR
602-502-9693

Pricing in the Phoenix Real Estate Market

Pricing in the Phoenix Real Estate Market

Jonathan Dalton, Phoenix Real Estate AgentThere currently are places in the Phoenix real estate market where homes are available in the very low $100s. For an investor looking for a property here (and there are investors beginning to look again), the low price might be a deciding factor.

But a low price itself doesn’t necessarily a good investment make.

There are many factors that drive a home’s value – age, condition, upgrades and location are the most common. Some parts of the Valley saw an influx of buyers under the guise of “drive until you qualify.” Queen Creek’s one such area. Maricopa’s another. Buckeye a third. None of this should be a mystery. Check the weekly absorption rate map that I run and you can get a feel for where these are in relation to the rest of the Phoenix.

For someone looking for appreciation in the future, it likely is going to be slower coming to some of these outlying areas because the demand isn’t going to be as great as in the main portions of the Valley. It’s one factor an investor ought to consider.

[tags]Phoenix real estate, real estate investment[/tags]

No Comments

  • Jeff Brown says:

    Jonathan — If there are homes in that price range in areas you’d recommend, with rents I’d bless, I’m interested.

  • I haven’t seen homes that price in years. But as you say location and condition play a part. I think this would be a great long term investment as the city grows out to this area.

    I see this area offering homes to many who just don’t qualify for homes over 200,000.

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