Should I Buy a House Now or Wait in Phoenix Arizona
Posted by Victor Huerta on Friday, October 14, 2022 at 1:30 PM
By Victor Huerta / October 14, 2022
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Should I Buy a House Now or Wait in Phoenix Arizona?
So I'm getting asked this question a lot, whether it's new construction or buying a resale home.
Victor, should I buy a house now, or should I wait here in Phoenix, Arizona?
So with that being said, I'm going to bring you some great info if you're on the fence as a homebuyer in Arizona and it's going to be a hard decision. I am not going to kid you.
It's a hard decision for you to purchase a house in Phoenix in this real estate market with these rates, with these home prices, but if you're on the fence and you're close to that line, I think these charts will clear some thoughts.
So, even though Arizona has a strong job market and low housing inventory vs. the population, these mortgage interest rates are making it very difficult for homebuyers to purchase a home in Phoenix, AZ, with the income earned yearly on their salary. Nevertheless, we are still onboarding new clients daily, from home sellers to home buyers.
Need The Truth?
$199,900
Neighborhood:
Palominas Ranches Unit 1
4
Beds
2
Baths
2,055
Sq.Ft.
2006
Year Built
1
Day on Site
6534349
MLS
Amazing opportunity to own the home of your dreams. Large spacious home, on 4 acres of land. Huge 3 car garage and other storage spaces too! High ceilings and large, picturesque windows make the...
Keller Williams Southern Az
$275,000
Neighborhood:
Shadow Bend Condominium Amd
2
Beds
1F11/2
Baths
919
Sq.Ft.
1979
Year Built
1
Day on Site
6534351
MLS
Welcome to Shadow Bend, where you'll find this charming 2-bedroom condo that embodies the true essence of convenience and location. Boasting a prime location just minutes away from Old Town...
Exp Realty
$629,995
Neighborhood:
Madison Village
4
Beds
3
Baths
1,937
Sq.Ft.
1953
Year Built
1
Day on Site
6534350
MLS
Location, Location, Location in zip code 85016 with close proximity to the Biltmore & the central corridor. This spacious 4 bedroom and 3 bathroom home with a split floor plan is excellent for a...
Tru RealtyOpen 3/25
$379,000
Neighborhood:
None
3
Beds
2
Baths
2,415
Sq.Ft.
1998
Year Built
1
Day on Site
6534355
MLS
Beautifully updated 3 bed 2 bath home located on 1.9 acres of serene views. This open concept home has many updates including new flooring and double pane windows. The remodeled kitchen features...
R&r Real Estate Properties
$875,000
Neighborhood:
Arizona Country
3
Beds
2F11/2
Baths
3,187
Sq.Ft.
2003
Year Built
1
Day on Site
6534354
MLS
Gorgeous single level home w/SPLIT floor plan in GATED Arizona Country w/tree lined streets, private PARK, BB Courts, play area, built in BBQ area and more! Home features 3 bdrms,2 1/2 baths & a...
West Usa Realty
$840,000
Neighborhood:
Whispering Heights
4
Beds
3
Baths
3,032
Sq.Ft.
2011
Year Built
1
Day on Site
6534360
MLS
One of Maracay's most popular floorplans! Beautifully updated and well maintained home in Whispering Heights - it feels like a model home! Open, light, and bright great room concept. Huge kitchen...
Apartment Source
$560,000
Neighborhood:
Kristin Manor
4
Beds
2F11/2
Baths
2,109
Sq.Ft.
2001
Year Built
1
Day on Site
6534361
MLS
LOVELY SPACIOUS HOME IN GILBERT. EASY STEP KITCHEN WITH UPDATED CABINETS, LIGHTING, BACKSPLASH, GRANITE COUNTER TOPS, BREAKFAST BAR, DOUBLE OVEN STOVE, AND WALKIN PANTRY. DINETTE OFF KITCHEN AND...
Homesmart
$364,000
Neighborhood:
Villago Parcel 11
3
Beds
2
Baths
1,351
Sq.Ft.
2018
Year Built
1
Day on Site
6534362
MLS
Beautifully landscaped with pavers and artificial grass, this pristine home in the exclusive community of Villago has many upgrades including garage cabinets, reverse osmosis and water softener,...
Lra Real Estate Group, LlcOpen 3/23
$225,000
Neighborhood:
Preserve Condominium Homes
1
Beds
1
Baths
704
Sq.Ft.
1990
Year Built
1
Day on Site
6534365
MLS
Fantastic opportunity to own this lovely 1-bedroom condo nestled in the Preserve Community! Great location close to restaurants, hiking trails, markets, and shopping spots. Come inside to discover a...
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Neighborhood:
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1
Beds
1F11/2
Baths
952
Sq.Ft.
2007
Year Built
1
Day on Site
6534364
MLS
Highest floor, one bedroom plus den on the market! Rare, private, 6th floor, interior long view overlooking the multi-million dollar bridge units and lush vegetation. North facing with no direct sun,...
50 States Realty
$499,000
Neighborhood:
Alamar Phase 2
4
Beds
3
Baths
1,970
Sq.Ft.
2023
Year Built
1
Day on Site
6534367
MLS
Up to 4% of total purchase price towards closing costs incentive offer. Additional eligibility and limited time restrictions apply.MLS#6534367 December Completion! The single-story Sapphire plan at...
Taylor Morrison (Mls Only)
$320,000
Neighborhood:
Sun City West 26 Lot 1-124
2
Beds
1F11/2
Baths
1,523
Sq.Ft.
1987
Year Built
1
Day on Site
6534370
MLS
Open and spacious, 2 bedroom, 2 bath home featuring vaulted ceilings, with enclosed patio room that overlooks grassy backyard. French sliding doors out to rear patio room. Home is tiled T/O & new...
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