What Does $250,000 Buy you in the Arizona Real Estate Market?

The Phoenix real estate market has been leveling out the last 4-5 months and we haven't seen much shift in pricing in a while which made me wonder, what does $250,000 buy in Maricopa and Pinal county now.  Much to my surprise there is quite a wide range of properties for this price point in the Arizona Multiple Listing Service, 81 properties to be exact.  These properties range from 2 bedroom/2 bath, 954 square foot condo in Scottsdale's Gainey Ranch to a 5 bedroom/4 bath, 4,071 square foot single family home in Buckeye's Tortesso.  You can find a home for this price point in Chandler, Gilbert, Mesa, Tempe, Awhatukee, Glendale, Phoenix, Queen Creek, San Tan Valley and Scottsdale.  The further from the city center you go the more home you are able to buy for your $250,000.  In Gilbert and Chandler you would get between 1809 sq ft to 2536 sq ft, in Tempe it would buy you 1209 sq ft to 1609 sq ft and in San Tan Valley you would get 2638 sq ft to 3146 sq ft.  So when you are ready to buy your next home whether you are spending $100,000 or $1,000,000 keep in mind the further you are willing to drive to get into downtown Phoenix the more home and land you will be able to afford with your money!

Help U Sell Central Phoenix can assist you with your buying and selling needs in all areas of the valley and can save you money when listing your property with us!  Our real estate listing fees start at just $2950.

Home Value Increases

At Help U Sell Central Properties we often get phone calls from homeowners looking to save money on the sale of their home because they want to put more money in their pocket.  In the past couple of months we have noticed an increase in these types of calls from sellers that had purchased their homes in 2009 and 2010 as short sales and foreclosures.  As we have worked on these listing presentations we realized that the market has increased quite a bit over the past 3 - 4 years and many of these sellers have quite a bit of equity.  Well as is typical I decided to start running the numbers to see what the increases have been around the valley from 2010 to 2013 and was surprised to find the following increases.

Chandler, Arizona - Up 26%
Gilbert, Arizona - Up 30%
Fountain Hills, Arizona - Up 4.5%
Ahwatukee, Arizona - Up 16%

This is great news for many homeowner's that chose to get into the real estate market during the time of distressed properties but are now ready to move up to a new home, larger home or some just are ready to downsize.  If you or someone you know are in this position and would like to find out how we can save you on your closing costs.  Call us at 480-812-1112 and we would be happy to send you a free market analysis of your home!