The Phoenix Metro Housing Market in a Nutshell
When winter weather bites your bones, there’s a toasty remedy: The Valley of the Sun and the Phoenix housing market. Winter is also when the calls start rolling in for real estate agent Cristen Corupe. Combine the warmth with lower property taxes and more economical housing prices, and the buyers flock. “These are big driving forces for people to move here,” Corupe says.
More for the Money in the Phoenix Housing Market
What surprises home buyers in the Phoenix metro area? “What they can get for the money,” Corupe says. Case in point: When we spoke, her listings included a three bedroom, two-and-a-half bath, 3,100 square-foot home with a pool and garage for under $400,000 in Chandler’s 85249 area code. When we looked at San Diego’s 92128, a similarly styled home cost around $750,000…with half the square footage.
Weighing in on Weather
While the temperatures skyrocket to more than 100 degrees in the Valley of the Sun during the summer months, you’re looking at temperatures ranging from 45 to 89 in the fall, winter and springtime. Figure in the large percentage of backyard pools, community pools, water parks and splash pads, and those sizzling summers seem easier to handle.
For countless decades, there’s been a trend in the Phoenix metro area for those who rather not swelter through the summer: snowbirds. These folks are well known in the balmy areas of Florida and California, and they’re just as prevalent in the Phoenix housing market.
The Center for Business Research at Arizona State University found that an estimated 300,000 or more winter residents lived in Arizona at the height of the 2002-03 winter season. But when temperatures escalate, snowbirds leave the state. Or, do they? In 2014, an East Valley Tribune survey showed that more winter visitors are becoming yearlong residents.
Arizona is brimming with 55+ communities, so it’s no wonder these sun worshipers keep congregating to the area. Chockful of amenities like community centers, pools, gyms, restaurants, shopping, walking and biking trails, golf courses and more, retired adults aren’t lacking in the activity department.
Schools Key for Families
The questions Corupe gets most often from new and growing families looking to buy a home commonly revolve around the schools. Chandler, Gilbert and Ahwatukee boast some of the highest marks by Zillow and happen to be Corupe’s area of expertise. “In South Chandler, there’s not a bad neighborhood,” she says.
Academics are essential for parents, but for kids fun is likely the key factor. Regardless of age or where you live in Phoenix metro, entertainment isn’t a problem. Corupe’s turf alone comes with aquatic parks, ice skating facilities, scenic areas, golf courses, theaters, shopping, food and more. Signature events like Gilbert Days, Chandler Jazz Festival and Cactus League spring training sweeten the pot.
Setting the Stage to Sell
It’s a seller’s market in the Valley of the Sun, Corupe says. That said, if you correctly price and stage your home, it’s more likely to sell fast. “A lot of the work goes into the house prior to the listing,” Corupe says. She offers sellers advice on how to clean and stage properly because “you can never get a first impression back.”
Corupe suggests sellers declutter and pack away unnecessary items. Sometimes there’s enough room to store those items in the garage, basement (if they have one) or somewhere else in the home, otherwise she recommends a storage unit.
There are ample choices for self-storage in and around Phoenix, but the bulk requires you to drive to and from the facility and haul your items in and out. Eliminate all those nuances with our Phoenix storage solutions. Just box up your belongings (leave the furniture and other bulky items to us) and call us to schedule a pickup date. We’ll come to you to drive and deliver your items to our secure, climate-controlled facility.