Phoenix Real Estate

The city of Phoenix is the capital city of the state of Arizona, as well as the largest in the state. It is also the fifth most populous city in the country, with an estimated 1.6 million people. Phoenix is also considered to be the metropolitan hub of the state, being the home to several large companies, such as Honeywell's Aerospace Division, U-HAUL, and an Intel branch.

Due to the natural climate of Phoenix, the city will also have a decent amount of tourism in the area, particularly during the winter months. Therefore, Phoenix property may prove to be most wanted during the winter, particularly in terms of rentals and timeshares.

The Phoenix, Arizona real estate market experienced quite a boom in the past forty years, with the most significant increase coming between the 1950's and 1960's, when over 300,000 new residents would enter the city. However, construction in recent years has proven to slowed down dramatically, and Phoenix property prices have dropped quite a good amount.

Currently, the average listing price is at $200,000, but the median sales price is just over $100,000. However, due to an increasing amount of tourism and recreation, particularly golfing, there has been a visible increase in Phoenix property values. Some of the more popular areas and neighborhoods for Phoenix, Arizona real estate are Camelback East, Deer Valley, and North Mountain.

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