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Phoenix

Why you'd want to live in Phoenix

Nicknamed the "Valley of the Sun," the Greater Phoenix area sees more sunshine than any other metro area in the country. That in and of itself is enough to entice people to lay down roots, but Arizona's capital 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. Phoenix is the best place to get a sampling of all the state has to offer. Its downtown area may be characterized by sleek, ultramodern office buildings, but the city center is not all about work. Phoenix also contains ample opportunities to play. Sports stadiums, arts and shopping districts fringe downtown, as do some of the area's finest eateries. Within the Valley of the Sun, you can trace Arizona's history from its earliest Hohokam residents at the Pueblo Grande Museum and Archaeological Park to the latest technological developments showcased at the Arizona Science Center. Plus, Greater Phoenix's 2,000-plus square miles sprawl to the bottom of striking desert mountains crisscrossed by hiking and biking trails. via realestate.usnews.com

Phoenix Market Report

$623,537

AVERAGE PRICE OF 2,966 HOMES

$319,354

AVERAGE PRICE OF 11 DISTRESSED HOMES

$1,897,727

AVERAGE PRICE OF 294 MULTI-MILLION DOLLAR HOMES

$1,100,308

AVERAGE PRICE OF 191 NEWLY BUILT HOMES

$948,100

AVERAGE PRICE OF 804 HOMES WITH A POOL

$701,719

AVERAGE PRICE OF 107 REDUCED PRICE HOMES

Average Home

Average Price $623,537
Avg Bedrooms 3.21 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $263,739
2 bedrooms $385,611
3 bedrooms $527,439
4 bedrooms $758,366
5 bedrooms $1,212,845
Phoenix Home Price Trends
  4/2022 3/2022 2/2022 1/2022 12/2021
Total Listings n/a 2,942 2,989 2,871 3,358
Average Price n/a $599,078 $583,216 $569,046 $558,490
Avg Price Change n/a +2.72% +2.49% +1.89% +0.27%
Median Price n/a $451,508 $441,423 $434,268 $426,663
Med Price Change n/a +2.28% +1.65% +1.78% +0.43%
Avg Bedrooms n/a 3.23 beds 3.2 beds 3.2 beds 3.21 beds
Avg Bathrooms n/a 2.39 baths 2.34 baths 2.28 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 132 $550,098 27 days
Camelback High School 228 $883,690 50 days
Central High School 227 $613,061 39 days
North High School 173 $645,627 63 days
Paradise Valley High School 127 $567,459 24 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,966 $623,537 40 days
Distressed Homes 11 $319,354 65 days
Multi-Million Dollar Homes 294 $1,897,727 71 days
Newly Built Homes 191 $1,100,308 152 days
Homes with a Pool 804 $948,100 38 days
Reduced Price Homes 107 $701,719 33 days
Global Real Estate Investments
7025 N 56th Ave
Glendale, AZ 85301
855-707-7071

© 2022 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Sarah Raouf & Erik Gocken - Global Real Estate Investments are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. May 19, 2022
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