We just took a detailed look at Home Owner Association fees at all Phoenix high rise condo buildings for the last five years.   For the most part you will see a gradual increase in the older established buildings while increases were somewhat extreme in the newer buildings.  A cynic might believe that the reason the newer building HOA fees jumped so much was because the developers underestimated operating costs in order to promote sales of its condos.  Of course an optimist might explain that HOA fees and operating expenses are very difficult to predict for a building that does not already exist.  I'll leave it to you to decide what makes the most sense to you.

Please know that I pulled the numbers from the MLS.  HOA numbers on the MLS are compiled by real estate agents prior to their listing individual condominiums for sale.  So the data, although pretty accurate may not be exact.  Minor discrepancies may be statistical errors or anomalies.  However, the numbers should be reasonably accurate to determine trends and general costs.

Here's the data stated in dollars per square foot per month:

Buildings with a "-" did not exist during the time period.

Buildings with a "-" did not exist during the time period.

 

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Phoenix High Rise and Loft Condo Expert, Will Daly at www.WeKnowUrban.com

Phoenix, AZ

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WeKnowUrban.com

Address: 1040 E. Osborn Road, Phoenix, AZ, 85014

Cell Phone: (480) 510-8755

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