Mini Sales Boom in Phoenix – Can you feel it?

I know this will be hard for some to believe but there is evidence that Phoenix is experiencing a mini sales boom. In January 2008 there were 2,912 homes sold and last month, December 2008, there were 5,514 homes sold, that means a 90% increase in homes sold in 2008.  FYI, last month wasn’t the highest month either, just check out his chart.

monthly_homes_sold_20082

Even in this economy and all the gloom and doom coming from the media the Phoenix area is not the only city experiencing this boom.  In fact, according to this article from REALTOR®.org there are at least 9 others, here, read the article for yourself, its short. You can find it here.

Max Pigman, Vice President of REALTOR®.com said, “There is more opportunity in this market than there has been in the last 30 years, for buyers and sellers.”

I agree and I think a 90% increase in one year proves that quite a few other people believe it too.

Scottsdale Homes under $250k, there are more than you think.

Seriously, there are more than you think. I was surprised myself when I ran a search for homes under $250,000 in Scottsdale and came up with 434. That number does include single family, patio and town homes in Scottsdale and does not include condominiums/apartment style homes.

sfr-patio-townhome-under-250k

The news gets even better. According to my amortization schedule a $245,000 mortgage at 6% interest on a 30 year fixed with 12 payments a year and without including taxes and insurance is $1469 per month! How many people do you know that are paying that in rent alone?

Scottsdale has a lot to offer in amenities, quality of their schools and their dedication to public art, something I hold very near and dear to my heart. So, please, spread the word. There are affordable homes in Scottsdale.