Paradise Valley Dreams and a Coolidge Budget

home affordability in phoenixWe have to get the word out there.  Buyers all over the world are coming to the Phoenix area to buy our BARGAIN PRICED homes.  They’ve heard the stories.  You can buy a mansion for the price of a 4-door sedan.

Hold on to your wallets…because that’s not exactly true.  Listen up! Our market has changed BUYERS!!!

Mr. Buyer..why don’t you believe me?  I’ve shown you the data, but you still want me to find that fantastic home of your dreams with all the pretty granite and stainless. Lots of bedrooms and a really big yard with a pool.  Your budget is set at $200,000 and you KNOW you can purchase this home for $200,000 or less.  Oh.. and while I’m out there…maybe I could even find you something with flying unicorns and magic hamsters that play harps while you sleep.

Once I find a list of these homes for you, you will fly out to see them.  Not going to happen.

Here are the facts.  Our inventory has fallen to the lowest level in years.  The best homes are selling for above list price in multiple offer situations within the first few days of listing.  No time for out of state buyers to make travel plans.  Our median sales prices are rising.  Unfortunately, the media is not reporting this so I have to be the one to break it to you, Mr. Buyer.

My suggestion?  Set realistic expections and when I tell you your dream home has just come on the market…don’t dawdle and don’t lowball or your dream home will evaporate.

Next, if you want to buy the home of your dreams..first make sure you can afford it.  Don’t expect a Paradise Valley Home for the price of a Coolidge home.

Last, please don’t shoot the messenger.  Your REALTOR is there to help you find your home, but can’t produce it out of thin air.

Here is a list of the average sales price per square foot for the cities
around the Phoenix area in order of price range. 

September 2011        Avg. Price/sf 
1  Paradise Valley………$266.41
2  Carefree ……………..$184.51
3  Scottsdale ……………$169.95
4  Fountain Hills  ……….$149.88
5  Rio Verde …………….$149.03
6  Cave Creek…………..$128.18
7  Sun Lakes ……………$112.69
8  Gold Canyon …………$109.89
9  Desert Hills  ………….$109.39
10 Wickenberg  …………$108.48
11  Sun City West ………  $97.36
12  Anthem ………………  $94.90
13  Chandler …………….  $93.92
14  Tempe ……………….  $93.80
15  Gilbert  ……………….  $86.43
16  New River …………….  $80.57
17  Peoria ………………..   $78.71
18  Mesa ………………….  $76.25
19  Litchfield Park ………   $75.24
20  Phoenix ……………..   $72.94
21  Goodyear…………….   $71.08
22  Whitman……………..   $68.69
23  Surprise ……………..   $67.31
24  Sun City………………   $66.51
25  Waddell ……………..   $65.03
26  Glendale …………….   $64.09
27  Apache Junction……..  $64.09
28  Queen Creek ………..  $54.61
29  Eloy……………………   $52.77
30  Avondale …………….   $51.89
31  Laveen  ……………..    $51.59
32  Buckeye  …………….    $50.78
33  Casa Grande ……….     $47.69
34  Florence ……………..    $44.43
35  Tolleson………………    $44.28
36  Maricopa………………    $42.73
37  El Mirage ……………..    $42.62
38  Youngstown ………….    $40.02
39  Arizona City……………   $38.06
40  Tonopah………………     $36.71
41  Coolidge………………     $31.23

About The Amy Jones Group

Mindy Jones Nevarez is the owner of Amy Jones Group Keller Williams Integrity First. The Amy Jones Real Estate Group has been recognized as the #1 Real Estate Team in Chandler by the Phoenix Business Journal and voted Best of Our Valley for 4 years.

The Amy Jones Group specializes in real estate in Chandler, Sun Lakes, Gilbert, Mesa, Tempe, Ahwatukee, and Phoenix.

Comments

  1. Great info, clarification appreciated!