Phoenix leads Housing Appreciation & Low Cost of Living

July 16th, 2019

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The Valley’s housing market is still HOT according to new stats released July 16, 2019:  Buyers hoping for metro Phoenix home prices to fall this year as they are in some other U.S. cities have been disappointed. The Valley’s housing market is still hot with prices setting new records and sales soaring.              . . . . More stats HERE.   

Phoenix  continues to lead the nation in housing appreciation, while providing a low cost of living and a thriving metropolitan continually ranked 5-6th largest in the nation. There are plenty of reasons you should revisit one of the fastest growing areas in the nation.

Phoenix posted a 6% gain year-over-year in April 2019, second only to Las Vegas.  According to Costar, national growth last month was 3.5%, with Vegas taking first place at 7%, citing the S&P Case-Schiller index.                 . . . More stats Here

Greater Phoenix is also called the “Valley of the Sun,” because it has more sunshine than any other metro area in the country. You can pretty much count on it. And during the couple months of high temperatures, because it is typically 0-9% humidity, the shade is tolerable and the evenings pleasant. And during the few short months of high heat, the views are bright, sunny and amazingly awesome from your air conditioned home or office! We will take that over the months of dreary overcast winter months many of us came here from.

Phoenix’s low cost of living attracts Arizona home buyers. In fact, Metro Phoenix provides one of the most attractive cost of living standards of any metropolitan its size in the nation.  Consider the salary that you would require in other cities to match $40,000 in Phoenix-Scottsdale? $68,818 in Los Angeles!  In fact as an overall comparison, Los Angeles, California is 72% more expensive than Phoenix.           . . . . . . Check out your city of comparison here

Arizona’s Capitol also features a desirable combination of a thriving job market, a relatively low cost of living and plenty of ways to enjoy the nice weather.         . . . . . . full article Here

Luxury Homes Paradise Valley

About the Author: Denise van den Bossche has been a licensed Agent and homeowner for over 35 years in the Metro Phoenix Valley. To request a printed market report, home evaluation or info on your specific market, contact Denise at 602.980.0737 or email  Denise@AZMultipleListingService.com. Her husband Patrick is President of Realty Executives International, so if you need help buying or selling homes

anywhere in the U.S. or Canada, please call, email or text!

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