Market Conditions for Tempe, Arizona Reported by Christian Broadwell, GRI (480) 206-1258, Designated Broker, REALTOR Updated January 9, 2009.

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

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

Tempe just East of the 5th largest city in the United States, Phoenix metro area. We are seeing what looks like a bottom to the market. Home sales are flat in most areas and rising in others. Commercial Real Estate is seeing a much needed boost due to the influx of investors viewing Tempe Town Lake improvements. Condos and townhomes in Tempe are still a hot commodity but for the rest of the valley sales are down.

With our fast paced real estate market a new proposition was approved to improve the current freeway system and add new light rail to the valley. The federal government has also granted new funds to Phoenix's light rail system and goes right through Tempe. To see more information on the freeway system go to http://www.azdot.gov/Highways/

Where to buy is a very important factor when coming to the Phoenix metro area. Job location, schools and style of living are all a big factor.

If you are considering selling or buying in the Tempe area, please visit my website to learn more about Phoenix and the surrounding areas.

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ZIP Codes: 33114, 33124, 33133, 33134, 33143, 33144, 33145, 33146, 33156, 33158, 33234

Location Characteristics: Historical city; very residential where many estates abound. Much character and natural beauty is found everywhere here. Great place to live near Coconut Grove and Brickell. Famous Biltmore Hotel is here along with other notable places to visit.

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