Without the hassles of expansion and construction, this location offers existing suburban neighborhoods a wealth of amenities. and the founder of the Halpern Residential real estate group.Īrrowhead: Due to its established communities, tree-lined streets, a plethora of shopping outlets, and mountain vistas, Arrowhead is a highly sought-after place for many homeowners. 1 independent agent at Phoenix-based North&Co. Here is a list of the best neighborhoods in Phoenix if you’re looking to invest in real estate for: Best neighborhoods in Phoenix for long-term appreciation: Some areas remain heavily weighted in the buyer’s favor, but overall, the market looks ready to settle into a more stable situation if current trends persist. Only a few weeks ago, new listings were arriving very fast, but this seems to have subsided for now, which has created balance in our market. In addition to waning demand, an influx of home listings has balanced the market as rapidly as we’ve seen in our marketplace. READ ALSO: What do you need to know about higher interest rates as a buyer? READ ALSO: Here are the top Google searches related to Phoenix real estate Despite the decline in value this summer, Phoenix home values have still increased by a staggering 69.5% since July 2019. Zillow reports that Phoenix home values dropped by 2.8% between June and July of this year.
The Cromford Market Index shows the Phoenix housing market is starting to balance after a two-year seller’s market run. But what are the best neighborhoods in Phoenix for real estate investments?
Investors have a wide variety of properties to choose from, and the region also boasts a burgeoning population, a booming tourism industry, first-rate amenities, construction of major industrial and commercial centers, and reasonably priced housing. Since making Arizona their preferred location in recent years, investors of all skill and monetary levels are finding the state’s real estate market to be a fantastic investment decision.
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