All Phoenix Real Estate.Com

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

Jonathan Dalton
REALTOR
ePro, SFR
602-502-9693

What $100,000 Buys You in the Phoenix Real Estate Market

What $100,000 Buys You in the Phoenix Real Estate Market

Want to know what $100,000 can buy you in the Phoenix real estate market?

Figure with taxes and insurance and a sub-5 percent interest rate, payments would be under $700 a month – less than the cost of rent, for those keeping score.

[idx-listings county=”Maricopa” minprice=”10000″ maxprice=”100000″ minbeds=”3″ minbaths=”2″ statuses=”1″ propertytypes=”317″ orderby=”DateAdded” orderdir=”DESC” count=”25″]

Comments

  • Another Investor says:

    Like you said earlier, there is very little inventory.  Banks are pushing agents for higher BPO’s and pricing their REO’s high.  They aren’t negotiating much on price from what I hear.

    However, last time I looked, those Hancocks in El Mirage with the common bath on each floor (no master bath) were going in the $70’s to the low $80’s.  The market up there sure has changed if these are up to $100k now.

    Why not go to Goodyear, with better rental and appreciation prospects, with the same $100k?  You ought to get at least 1,900 or 2,000 square feet and 4 bedrooms in Sarival Village or Cottonflower if you are patient.  Surprise might be a better choice if you want the Northwest Valley.  You should be able to get a 1,900 to 2,000 square foot house for less than $100k.  Better schools and amenities, too.

  • Depends on perspective. From an investment standpoint, I agree. From
    owner-occupied, especially this time of year, options are a bit more limited
    for properties with a pool at that price point. The pool also is the main
    reason why the price is higher; also, I don’t remember seeing only a common
    bath with no master, not in the Hancocks I’ve seen there.

  • Another Investor says:

    It’s a 4/1.75 bath house.  If I recall, the master is on the ground floor and the other bedrooms are upstairs, along with a loft.  The downstairs bath opens to both the master and the rest of the house.  It sold well because of the El Mirage demographics.  The same model was built out in Buckeye in Sundance and in several other locations. 

    I’m pretty sure this floorplan is in the New Homes system that’s part of ARMLS.  I can’t recall if it is under Hancock or Meritage, but it’s there.

    For owner-occupied, I would rather be in Surprise, with the better schools and amenities.  Having the 303 nearby might make for a better investment over time as well.  I haven’t checked the current listings, but not long ago the same square footage was doable for the price, although you are likely right about the pool. 

  • I don’t necessarily disagree with you. What caught my eye’s the pool; drop
    the pool out or raise the price a little bit and there are other options for
    certain. Of course, that would destroy the point of a $100,000 post. 🙂

Real Time Web Analytics