Welcome to Phoenix, AZ
The Valley of the Sun centers around PhoenixPHOENIX LISTINGS
Looking for a home in Phoenix?
PHOENIX, AZ MARKET
November 2022
So with few new sellers and even fewer buyers, we have an unusually inactive market with very low transaction counts. The downward pressure on prices is currently small and the monthly average price per square foot barely moved between October 1 and November 1. However, there is no reason for prices to rise in the near term. The 5.6% annual home price per sq. ft. appreciation rate is likely to get down to zero sometime around year-end, on its current trajectory. Read the full article.
Active Listings
Median List Price
Monthly Sales
AVG Price of SQFT
Data as of 11-10-22 courtesy of First American Title® & The Cromford Report®
WHAT YOU NEED TO KNOW
Phoenix is a sprawling and busy metropolitan area with Sky Harbor Airport voted “America’s Friendliest Airport” that is one of the busiest airports in the nation serving 46 million passengers in 2019. Phoenix began as an agricultural, farming community and is still impacted economically by local growers and the 5 Cs: cotton, cattle, citrus, climate and copper. The Phoenix metropolitan area is serviced by 56+ hospitals and medical centers. The Mayo Clinic, is north of downtown, Banner Health is a non-profit health system in the United States, based in Phoenix and on of the city’s largest employers. Barrow Neurological Institute (BNI) is the world’s largest dedicated neurosurgical center and a leader in neurosurgical training, research since 1962. While Cancer Treatment Centers of America cares for patients from all over the nation.
Things to do in Phoenix, AZ
WHY CHOOSE PHOENIX?
According to Payscale, Phoenix’s cost of living is 5% lower than the national average. Compared to other cities around the nation property taxes are lower. Tourism has always been a large economic source for the Phoenix area, but the influx of GoDaddy and InfusionSoft along with other IT companies is creating a technology hub. AZ Big Media says more than 60 percent of the private sector works in advanced industry sectors: business and financial services, bioscience and healthcare, manufacturing or technology. This diversified job market is great for the local economy and shows resilience. Exemplifying how Phoenix was named for a bird that rises out of the ashes.
