Favorite Places to Live in Phoenix

The housing market has reflected the volatility the Covid19 Pandemic has placed on the economy. In this aggressive sellers market, what can buyers expect to spend in some of the top Phoenix neighborhoods? Are homes selling for asking price? Are home sales on the rise in Phoenix? If you’re trying to decide if living in Phoenix is right for you, check out the home sale statistics in five of the most popular parts of Phoenix.

Home Sale Stats in Phoenix AZ’s Popular Neighborhoods

Peoria:

Located in the northwest valley, just west of Glendale, Peoria is one of the fastest-growing suburbs in the Phoenix Metro Area. Here you will find a plethora of new development and new construction housing. This is the perfect place for those looking for everything new and shiny, but at a relatively attractive price for a prospective home buyer. Homes for sale in Peoria have an average listing price of $240/sqft. The average sales price continues to climb and is a little over $510k.

aerial view of Peoria and the PHX valley, Favorite Places to Live in PHX

Chandler:

Chandler has been an extremely desirable, family-friendly area for years. Perhaps this is due to the top-rated schools in Chandler. But it isn’t just great schools and family-friendly parks, Chandler is known for offering its residents a high quality of life and a beautiful place to live and work. Chandler currently has active listings with an average list price of around $258/sqft. The average sales price is $568k, making it just a bit more expensive than aforementioned Peoria.

Tempe:

Right in the center of the valley, Tempe is one of the most well-located Phoenix suburbs. As the home of Arizona State University, many consider Tempe to be for the young and hip…but don’t rule it out if you are over the age of 25! Yes, Tempe does have plenty of college residents. It’s a pretty large area, however, and as you travel south you can find very unique and family-friendly neighborhoods. There are currently active listings in Tempe with a $283/sqft average list price. Sales prices are trending downward in Tempe, with an average of $499K. This area may have hit its peak earlier in the year, but you can still expect to pay just around or even over $500K for a home in Tempe.

Tempe AZ at night from the water, Favorite Places to Live in PHX

Scottsdale:

Scottsdale is located just to the north of Tempe, meaning it shares the accessibility and convenience of being right in the middle of Phoenix. Scottsdale is one of the most desirable parts of town because it offers pretty much everything to both visitors and residents. Shopping, nightlife, dining, outdoor activities, you can find it all in Scottsdale. With so many perks, living in Scottsdale comes at a price. There are currently active homes for sale in Scottsdale, with an average list price of $511/sqft. The average sales price is now just above $1.14M, making buying a home in Scottsdale anything but cheap.

Scottsdale Arizona looking towards downtown PHX, Favorite Places to Live in PHX

Paradise Valley:

Scottsdale may have quite a deal of luxury housing, but nothing like what you will find in Paradise Valley. Paradise Valley is known for its large estates on acre+ sized lots. Much of the amenities and activities of Scottsdale can be enjoyed by Paradise Valley residents as well given the close proximity of these two neighborhoods. There are active homes for sale in Paradise Valley, with a $767/sqft average listing price. If you want to call Paradise Valley home, you better have deep pockets or a really good loan, because the average sales price in Paradise Valley is $3M+

 

Gilbert:

Gilbert has long been one of the best places to raise a family in Arizona. Top ranked schools, nice neighborhoods, and great outdoor activities make Gilbert extremely desirable. But perhaps its best feature is the affordability of Gilbert. While it has historically been one of the best places in Phoenix to get the most bang for your buck, the competition of the housing market is changing that. Gilbert currently has an average listing price of $258/sqft. The average sales price for a home in Gilbert is $590K, so even though this area is more affordable than some of the affluent neighborhoods on our list, it still might be cost prohibitive to many.

aerial view of downtown Phoenix, Favorite Places to Live in PHX

Looking to move to the Phoenix area & need some help?

Schedule a zoom call with us today so we can help you get started & clarify what you need to do before moving here.

Buying in Phoenix in the current market:

If you’re thinking of moving to Phoenix and you want to buy, right now is just a hard time to do that. There really isn’t any way around it. We are experiencing a seller’s market across the entire country, and areas like Phoenix that are known to attract those fleeing more expensive cities are only going to see a higher and higher demand for housing. Some parts of town have plateaued in average sales price, and some are even on the downward trend. But for the most part, buying is going to be hard for a while. Homes are selling for hundreds of thousands over the asking price (which is apparent from the statistics above.) Even if you’re prepared to offer over the asking price, you could be easily outbid without even knowing it or ever getting a chance to offer more.

The best thing you can do if you want to buy in Phoenix right now is to remain positive and know that eventually, you will be successful. Know what you want in a home, and what you really need in a home. Be aware of your budget and your absolute ceiling. Most of all be open-minded to homes and parts of town you might not have considered. You will probably lose a few offers first, and you might not be able to find exactly what you want in the part of town you’re interested in. Stay positive! Somewhere out there is your perfect home in Phoenix.

Moving to Phoenix, Arizona

These are just some of the fantastic neighborhoods within the Phoenix Metro Area. If you’re looking for the right area of Phoenix to call home, reach out to me at AZLiveStyles, I would love to help you find the perfect fit for you and your family. 

Subscribe to stay up to date about Living in Phoenix

Living in Phoenix Arizona
5.0
Based on 10 reviews
powered by Google
Scott Koren
Scott Koren
02:10 29 Apr 22
I recently moved to Phoenix from out of state and found Greg through his series of online videos for AZ Live Style Group. Buying a house when coming from another state is challenging, but I can say I found the ideal partner and agent in Greg. In a very challenging market, Greg's deep knowledge of the Phoenix area market, his patience, and especially his dedication to helping me find the right home was exactly what I needed. Greg took the time to help me learn the market, explore neighborhoods, and find the right home! I'm excited to start my next chapter here in Phoenix and I cannot recommend Greg highly enough for anyone who needs a great partner in finding their perfect home.
James Foster
James Foster
00:54 26 Mar 22
Greg really listened to what we wanted and made the whole process super easy. He didn’t try to sell us on a property that we weren’t interesting in but was also able to show us a few places that we might not have found on our own. Will definitely continue to use Greg in the future.
terry parde
terry parde
22:14 25 Mar 22
Greg is awesome! Found him on his Youtube channel about 1.5 years ago when I was planning to move to AZ. I worked with Greg over the phone and finally in person a year ago. He found me the perfect home in Chandler. He guided me through the whole offer process with an anticipated bidding war. His strategy worked. I won the offer in 24 hrs and closed in 30 days. Everything went perfectly and love the home after 1 year. Greg's in-depth knowledge of the area, the market conditions and the strategy to close the deal was perfect spot on. I felt almost no stress and he managed all the details thru the closing. Professionalism on display!
Kathy Laurinaitis
Kathy Laurinaitis
19:51 25 Mar 22
We have worked with Greg on selling 2 homes and buying 2 homes. Greg is a professional through and through. He was always available to jump on a call to discuss whatever was going on. His experience and guidance helped us make great decisions during the process of buying and selling our homes.
Elizabeth Lewis
Elizabeth Lewis
19:46 25 Mar 22
We were completely new to the area and Greg was incredibly patient and knowledgeable. He listened to our needs and helped us navigate through the whole process. He kind and funny as well. He is an absolute pleasure to do business with.
See All Reviews
js_loader