Incredible though it may seem, Phoenix foreclosure homes offer superb value in housing to suit various life style options. Take a leisurely drive through any of the 15 Urban Villages into which this populous capital city is divided, and you′ll encounter an array of neighborhoods where single family homes sit side by side with condo communities. Many Phoenix developers are finding innovative ways of delivering low cost starter or entry level homes. There is much evidence that this vibrant, beautiful city caters to all in its inner core; to young professionals, families and early retirees.
| ZIP CODE | LOCATION | BD/BH | PRICE | DETAILS |
|---|---|---|---|---|
| 85006 | Phoenix, AZ | 3/2 | $40,095.00 |  |
| 85037 | Phoenix, AZ | 3/2 | $44,178.00 | |
| 85085 | Phoenix, AZ | 7/6.5 | $949,151.00 | |
| 85009 | Phoenix, AZ | 2/1 | $29,900.00 | |
| 85022 | Phoenix, AZ | 3/2 | $182,500.00 | |
| 85050 | Phoenix, AZ | 4/2.5 | $327,000.00 | |
| 85051 | Phoenix, AZ | 2/1 | $20,000.00 | |
| 85035 | Phoenix, AZ | 3/2 | $51,250.00 | |
| 85013 | Phoenix, AZ | 2/1 | $224,900.00 | |
| 85023 | Phoenix, AZ | 4/2.5 | $365,000.00 | |
The greater Phoenix area offers single family homes in master planned communities complete with many amenities as yet another lifestyle option. Sun City has a reputation for offering best value for retirees who want to stay near the cultural heart of a large city, have access to conveniences long enjoyed and irreplaceable in smaller towns, yet enjoy the quieter more peaceful neighborhood for every day life. This is the setting that offers so much in recreational activities, in a city favored by those with a taste for the performing arts.
Arizona had a reputation for dramatic speculation driven home price increases in 2004-05. By 2006, investors moving on from Las Vegas helped drive up prices significantly in metro Phoenix, which accounts for 75% of the state′s housing market. This year the buyer can be sure that sellers are adjusting to a new reality; actual sales prices generally are far below listed prices and there is another important factor; Arizona foreclosures increase rates are among those of four states leading the nation.
Home prices are predicted to slip a little further in metro Phoenix, but strong job growth and local economy are expected to lead the way to a slow recovery. Phoenix foreclosures are currently selling well below the median sales price and at discounts of the highest order, recording average savings of over 30%. Why wouldn′t a buyer determined to get extra home for his/her investment consider foreclosed properties along with any other well priced home for sale on the open market? Foreclosure listings include a wide array of homes, modern new condo conversions alongside older detached dwellings.
The financial distress that results in these homes being offered for sale knows no class or income boundaries. Imprudent financing and mortgage delinquencies have overtaken the traditional factors of old that result in the loss of the family home so that foreclosed homes bargains can now be found in most neighborhoods and among many styles and sizes. Some like it hot in the Valley. Others long for the mildest of winters. If the pollution and humidity get a little much in July to September, the mountains offer an escape within obvious easy reach.
