Tuesday, April 22, 2014

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.