Market Conditions for Phoenix, Arizona Reported by Tiffany Huff & Your Home Team!, EcoBroker® Updated December 2, 2008.

Current Market Rating: 1 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 1 1 2 3 4 5 Falling Rising

Don't hesitate to call us direct at 1-480-703-2364!!! ASK FOR FREE ACCESS TO THE LOCAL MLS!!! One of the most sought after cities in the nation; Phoenix is beautiful, diverse & affordable! Even with the turn of the market, Phoenix invites hundreds of people that move here daily! With some homes under $100,000!!! the average new home price (2007-2008) in Phoenix is $330,000! There are many affluent areas in Phoenix where homes are well over $1Million!

Phoenix Metropolitan's available home inventory is historically 25,000-28,000...currently it exceeds 56,000! At any given moment we have 8,000-9,000 buyers in the Phoenix area at all times. Basic economic principals show us that when supply is up, demand is down and as a result we are in a buyers market!

Everyday we run into real estate professionals, investors, developers, buyers, sellers & other companies that provide service support to real estate transactions such as title, lending, inspectors, appraisers, etc. The reaction from these professionals + hard numbers provided by NAR (National Association of Realtors) and other sources provide us a clear indication of a growing market. We believe that Phoenix and other surrounding cities will thrive under most national real estate conditions.


ZIP Codes: 85001, 85002, 85003, 85004, 85005, 85006, 85007, 85008, 85009, 85010, 85011, 85012, 85013, 85014, 85015, 85016, 85017, 85018, 85019, 85020, 85021, 85022, 85023, 85024, 85025, 85026, 85027, 85028, 85029, 85030, 85031, 85032, 85033, 85034, 85035, 85036, 85037, 85038, 85039, 85040, 85041, 85042, 85043, 85044, 85045, 85046, 85048, 85050, 85051, 85053, 85054, 85055, 85060, 85061, 85062, 85063, 85064, 85065, 85066, 85067, 85068, 85069, 85070, 85071, 85072, 85073, 85074

Location Characteristics: People from all over the country and world are relocating to Arizona. Those who move to Phoenix, Arizona fall in love with its various cultural influences, new growth & city amenities. The atmosphere is alive with a robust economy and assortment of homes, condos & urban high rise lofts overlooking Arizona's beauty. Phoenix is one of the fastest growing metropolitan areas in the nation with new homes and developments sprouting up everywhere. Weather plays its part as well, where warm sunny days are enjoyed year-round making the outdoors a major reason for moving and living in Phoenix. Homes & land are still affordable and there are many appealing areas! Entertainment is abundant here; museums, sports arenas, art shows, concerts, parks, etc., you'll find it all in Phoenix!!



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