July 2021 Phoenix Metro Market Update

July 2021 Phoenix Metro Market Update By LINDSAY FRICKS July is hot for more than one reason… This is the first month in a loooooong time where active listing numbers are actually up month over month! Hallelujah! BUT, we aren't out of the woods yet. More listings is a good...

June 2021 Phoenix Metro Market Update

June 2021 Phoenix Metro Market Update By LINDSAY FRICKS I made myself giggle out loud thinking back to the good old days in real estate… way back in June 2020. It honestly feels lightyears away from where we are at today. The average home now costs over $500,000. Homes have...

May Phoenix Market Update

May Phoenix Market Update By LINDSAY FRICKS Last month I said I was sensing a subtle shift in the market and this month the data is validating this hunch. It’s very slight, but the peak of the market frenzy appears to be just behind us. I am a power user...

April Phoenix Market Update

April Phoenix Market Update By LINDSAY FRICKS I’m sensing a subtle shift in the Greater Phoenix real estate market. It may be undetectable to most, but I can feel that the change is coming. I am always listening to my clients and fellow agents for sentiment on the market. The...

Renovation Home Loan 101

Renovation Home Loan 101 By LINDSAY FRICKS As I’m growing my business, I’m always looking for new ways to expand my knowledge base so I can more effectively guide you! This week I caught up with Brandon Bialkowski with Caliber Home Loans. Brandon and his team specialize in a specific...

Building a Custom Home In Arizona

Building a Custom Home In Arizona By LINDSAY FRICKS With the number of homes for sale at a record low in the Phoenix Valley, many people are considering alternatives to residential resale. This week I met up with my friend Nathan, owner of Rebuild the Block, to discuss the custom...

Median Home Price

$325,000

Annual Appreciation Rate

+7%

Estimated Population

450k

Median Age

34

East
Valley

why you want to live here

The two largest and most popular cities in the East Valley are Gilbert and Chandler. Once known for agriculture, the area has now been transformed into some of the most well known suburbs. Both cities have experienced tremendous growth in population and along with it now has all the amenities of larger cities. The suburbs are highly focused around families and have lots of parks, recreation and many family events year-round.

Median Home Price

$261,096

Annual Appreciation Rate

+8%

Estimated Population

1.6M

Median Age

33

Central
Phoenix

why you want to live here

Phoenix is the heart of The Valley of the Sun and capital of Arizona. Known for warm temperatures year-round and sprawling urban space surrounded by desert mountains. Phoenix is the 6th largest city in the US and home to nearly 1.6 million people. Phoenix has just about something to offer everyone: numerous golf course, professional sports teams, hiking trails, concerts, festivals and much more. With an affordable cost of living there’s a place for everyone with the Phoenix metro.

Median Home Price

$308,750

Annual Appreciation Rate

+8%

Estimated Population

174k

Median Age

28.5

Tempe

why you want to live here

Tempe is a city just east of Phoenix, in Arizona. Its striking Tempe Center for the Arts hosts concerts, dance and comedy shows. Nearby, Tempe Town Lake is dotted with kayaks, pedal boats and paddleboards. Tempe Beach Park hosts outdoor festivals. Rising above the city, Hayden Butte is a mountain dotted with centuries-old rock art. Sporting events and concerts are held at Wells Fargo Arena.

Median Home Price

$725,000

Annual Appreciation Rate

8%

Estimated Population

36,241

Median Age

39

Scottsdale

why you want to live here

Scottsdale has long had a reputation as one of the most affluent cities in the West most well known for high end golf, spas, resorts, restaurants and shopping. There are over 27 golf courses located within the Scottsdale boundaries. The Southern part of Scottsdale is home to the historic Old Town area. The southwestern charm, numerous restaurants, bars and shopping as well as exciting nightlight make Old Town a hot spot for both young and old. Central Scottsdale is home to many popular golf communities such as McCormick Ranch, Gainey Ranch and Kierland Commons.  North Scottsdale is home to to two of the valleys largest annual events: the Barrett Jackson Auto Auction and the Waste Management Open PGA tournament. These events along with the 5 professional baseball spring training facilities bring millions of visitors into the area throughout the Spring months.

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