Phoenix Luxury Homes – Acquire More for Your Money
Expect to have one heck of a housewarming party! With home prices down 10 to 20 percent in most major cities, a million dollars can acquire much more than just a few years ago. Some of the hardest hit areas of the country have home prices that are 40 to 50 percent less from where they were back in 2007. The medium home price currently across the United States is approximately $170,000. Think bigger and see what you can afford as now with Luxury Homes you can Acquire More for Your Money. In the metro Phoenix area, homes currently priced at $500,000 were once the lavish seven figure homes, before the market fallout. Now the metro Phoenix area is considered a hotspot for investors and savvy homeowners looking at moving up to a Luxury Home.
According to Zillow, the Phoenix market hit bottom during the third quarter of 2011, and it is now expected to have some of the strongest price growth and quickest recovery from the rest of the country. However, Luxury Homes in the metro Phoenix area that are priced over $1 million are struggling to sell, due to buyer difficulty in obtaining financing. But in much of metro Phoenix, you can find homes under $1 million that are selling much faster this year than in 2011, due to such an incredibly low inventory. There are some remarkable Phoenix Luxury Homes at the price point starting around $500,000.
Now is an incredible time to purchase a home. Citing low inventories, low interest rates and increased activity, Phoenix is back to a seller’s market for the first time in four years. Activity has been buoyed by investors, while many buyers are still trying to play catch-up since they had been waiting around for the market to hit bottom. They seemed to have already missed that boat. But if you are looking at Phoenix Luxury Homes, now is the time to Acquire More for Your Money.
Doreen Inzalaco, Inzalaco Team, 480-420-9151, www.inzalacoteamaz.com
Phoenix Luxury Homes – Acquire More for Your Money
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