Metro PHX Is Top Area To Buy For LA, Seattle and Denver Homebuyers!

Real Estate Agent with Keller Williams Realty EV (AZ) & Keller Williams SLC (UT) 629265000 & 7238507

Metro Phoenix Is Top Area To Buy For LA, Seattle and Denver Homebuyers!

Earlier this year, we've noted that certain changes to tax laws might affect more of those homebuyers in expensive housing markets, especially along the coasts. This might prompt the said homebuyers to look into moving to lower tax states like Arizona.

Just three months into the year and a study by national real estate firm Redfin reported Phoenix- for the first time- topping its list of areas predicted to attract the most number of prospective home shoppers to relocate from other cities. Almost 34 percent of potential Valley homebuyers are from outside the area, notably Los Angeles, Seattle and Denver. This is an almost 50 percent increase when compared to the previous year.

Despite rising home prices, Metropolitan Phoenix continues to be more attractive for out-of-state homebuyers living in pricier markets. Home prices and sales have gone down for Los Angeles but a typical LA house was at $550,000 during the first three months of the year. On the other hand, Seattle and Denver were at $485,000 and $442,000 respectively to compare against metro Phoenix's median price of $261,000 during the first quarter.

Arizona's population topped the 7 million population mark in the past year for the first time. With an expected influx of new resident coming from out of state, it looks like Arizona's population will continue to grow.





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Metro Phoenix Is Top Area To Buy For LA, Seattle and Denver Homebuyers!

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Joyce Marsh, Daytona Beach Florida Real Estate
Joyce Marsh Real Estate - Daytona Beach, FL
Daytona Beach Area Coastal Homes and Lifestyles
Your market reports are helpful for those looking to buy or sell and always filled with lots of valuable info. Thanks for the update. 
Jul 21, 2018 05:25 AM #1
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to prepare and share this.  Very professional!  This is most informative and exactly the type of information buyers and sellers need to make informed decisions.

Jul 22, 2018 08:30 AM #2
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