Phoenix Real Estate News

Phoenix is #2 Among the Best Cities to Buy a Home

An article from Forbes.com, reports that Phoenix was ranked the #2 metro showing long-term promise for homebuyers. 

The ranking was based on the following:

  1. How evenly distributed is sales activity;
  2. Price per square foot;
  3. Transaction rates (i.e., how active is the market). 

Home sales in Phoenix are fairly evenly distributed showing proportionate activity.  The price per square foot decreased 0.7% from Feb. 2009 to March 2009.    Transactions increased 28.7% from March 2008 to March 2009.

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West Valley Market Conditions, May 2009

West Valley single family homes, condos and townhouses sales reports for February 2009 including: Avondale, El Mirage, Glendale, Goodyear, Laveen, Litchfield Park, Peoria, Sun City, Sun City West, Surprise, Tolleson.


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East Valley Market Conditions, May 2009

East Valley single family homes, condos and townhouses sales reports for February 2009 including: Apache Junction, Chandler, Gilbert, Mesa, Queen Creek and Tempe.


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Central Corridor Market Conditions, May 2009

Carefree Market Conditions, May 2009

Cave Creek Market Conditions, May 2009

Paradise Valley Market Conditions, May 2009

Scottsdale Market Conditions, May 2009

Phoenix Market Conditions, May 2009

Solar Plant Construction Will Create Jobs

With a newly announced solar plant set to come online in about four years, Arizona soon should get solar-related jobs, albeit in the construction industry.

Last week’s announcement that Lockheed Martin Corp. and Starwood Energy Group Global LLC were collaborating on a 290-megawatt facility about 75 miles west of Phoenix means Arizona contractors will get some of the work, said Chris Myers, Lockheed Martin’s vice president for energy programs.

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