Scottsdale/Phoenix Arizona "Best Places To Buy In 2012"

By
Real Estate Agent with AZ Powerhouse Realty Scottsdale, Fountain Hills, Cave Creek
http://actvra.in/DTD

Beautiful Arizona Sunset

Sunsets In Scottsdale Arizona



Scottsdale Golf Course Near Downtown Scottsdale

Arizona real estate is in the top 8 "best bargain" markets to be in 2012.  The buying and selling season for 2012 is well under way and the housing market in Phoenix Arizona metro area is showing positive signs of life. 

Realtors, sellers and buyers alike are sharing their stories of bidding wars in many markets.  Buyers are indeed getting off the fence and ready to take advantage of still record low levels of affordability.  Is now the right time to buy?  In the Phoenix Arizona metro area, I would say yes!

Some people might still be a bit leary of investing in the real estate market, however, the Phoenix metro area would be an area that makes a lot of sense to buy whether you already live here or are relocating.

The criteria used to dtermine the Best Places To Buy In 2012 were given equal weight to several factors including:


- Housing prices compared to local incomes

- Home value trends (where home values have been stabilizing or rising over the past year and the past quarter)

- Unemployment rates over the past year whether buying makes more sense than renting


LOCATION:  PHOENIX ARIZONA

Phoenix makes the list at number 2.

Median list price:  $184,900


Phoenix Arizona is a poster child for the housing recession.  Home values fell 54 percent since the peak of the market.  Currently, the metro area is still working through high levels of foreclosure inventory.  Foreclosure resales made up 28 percent of all sales in April.  This is actually good news, because it signals that investors are coming in droves to buy up homes.

All of the investor activity is starting to boost home values.  Phoenix AZ home values are up and there are forecasts for them to rise 6.5 percent this year.  Phoenix AZ is a very good example of a hard hit market that is showing signs of recovery.  In May 2012 there were 8,000 home sales and the inventory is down to maybe 3 months of available homes.

Don't wait and let this opportunity pass you by!  Why are you paying rent when you could be buying a home?  In some cases, your mortgage can be lower than the rent you maybe paying.

Contact Ruth Bassignan today and let's get you on your way to owning your very own home.  I have a great team in place with Mark Taylor at Amerifirst Financial and First American Title to handle your escrow.







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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Ruth, 

That is great news.  I love Phoenix.  I commuted one week a month between New York and Phoenix.  My office was in the Camelback area.

Jul 01, 2012 06:00 PM #1
Rainer
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Ruth Bassignan
AZ Powerhouse Realty Scottsdale, Fountain Hills, Cave Creek - Scottsdale, AZ
Scottsdale Broker

Grant,


I love the Phoenix metro area as well!  I have lived in Scottsdale for almost 19 years.  The diversity of this wonderful city is hard to compare.  Scottsdale is not just a wonderful place to call home, it is a "Destination"!

Jul 01, 2012 06:33 PM #2
Anonymous
Anonymous
Charlie Shoemaker

Hello,

I am from nebraska and a couple of other investors and I are looking at purchasing something in the Scottsdale area as a winter get a way.  We would be looking for great value and would like to know the best areas to be looking and what the best value properties would be as well.  we are all in our upper 30s and would like to find a place that we could get away and golf and do everything the area has to offer.  we would also like to be long term holders of the property so the ability to rent out our property would be something we would be looking at doing as well.  Any help would be appreciated. thanks

 

cs

Dec 28, 2012 07:41 AM #3
Rainer
32,610
Ruth Bassignan
AZ Powerhouse Realty Scottsdale, Fountain Hills, Cave Creek - Scottsdale, AZ
Scottsdale Broker

Hi Charlie,


Thank you for sending your questions regarding investing in Scottsdale AZ.  I will need a bit more information from you in order to help answer the questions.

1.  Have you and the other investors been pre-approved for a loan?

2.  What do you have as a down payment?

3.  If you have all been pre-approved, for what amount?  What is the maximum purchase price that all of you can afford or have budgeted for?

4.  Besides an interest in golf, what other amenities would you want near the property?

5.  Single family house, condo, townhouse?  How many bedrooms/bathrooms etc.

Sending your answers to these questions will help me in your search for investment property. 

I look forward to hearing from you and assisting you.

Ruth Bassignan

Associate Broker

Powerhouse Realty, Scottsdale AZ





Dec 28, 2012 04:53 PM #4
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