Phoenix Real Estate By the Numbers

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Now that average American families are starting to recover from the economic recession, there are two industries that have really been gaining strength: the auto industry, and the real estate industry. It makes sense that both of these markets would do remarkably better as consumers gained more confidence; whether you’re looking to buy a car or buy a house, you’re going to be making a very big investment.

When it comes to the real estate market, that’s the key: investment. When you’re looking around at homes for sales, you’ll be paying a lot of attention to the price tags (as you should), but it’s important to keep in mind that an investment in a new home should go beyond the price you pay for it. You’ve investing in a community and everything that foes along with it, and you deserve to find the perfect one.

Not to pressure anyone here, but this might be a good time to mention that tons of new homeowners have found their perfect investment in Phoenix, Arizona. Don’t believe us? Take a look at these statistics, and you’ll understand why:

$315,631: The average price of new houses for sale in Phoenix. This number might seem a little high, but keep in mind that it’s just the average — in other words, it takes into account both the most affordable houses for sale and all of the luxury homes for sales, so it’s possible to find houses much more expensive than this, as well as much cheaper.

36%: The percentage of homeowners in Phoenix that are under the age of 35. That a pretty significant percentage! Phoenix is one of those cities where tons of young adults come to search for homes for sale, because the entire region holds such a promising future.

2 years: The minimum amount of time that new homeowners plan on staying in their new houses when they move to Phoenix. It’s certainly a vibrant city that’s always changing, but its residents are also very invested in their homes and communities.

So, if you’re looking around for a new home and you can’t decide where to start looking, Phoenix might just be the perfect place for you. It’s a state with rich history, diverse ethnic backgrounds, and young adults who want to make it into the best city it can be. More than anything else it’s important to remember what we said before: a home investment is so much more than its value in dollars. Read more here.

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