If we compare the average price per sq. ft. for single family homes over the 3 months November through January with the same period 12 months earlier, we can find certain parts of the City of Phoenix with extraordinarily high appreciation rates compared with the rest of the city. Most of these are in the center, west or south of the city. The top examples are:
Many of these ZIP codes contain large numbers of rental homes that are currently off the market. This level of appreciation may tempt some owners to cash in on their investments and sell them. However the vast majority are occupied and on lease, so they are most likely to be sold in bulk to new landlords rather than come onto the normal MLS market.
If you're curious about your zip code send me a message and I can look it up for you.
Author:Dave Zajdzinski Phone: 480-332-6468 Dated: February 23rd 2016 Views: 122 About Dave: ...
Dave Zajdzinski and the Z TEAM bring over 15 years of real estate experience to home buyers and sellers throughout Arizona. We have helped hundreds of families meet their real estate goals and Dave is consistently ranked one of the top realtors in the Valley. As a Certified Distressed Property Expert, Dave specializes in short sale transactions as well as traditional home sales. The Z TEAM is small enough to be personal throughout your sale yet large enough to handle any need with great detail.
Another S&P/Case-Shiller® Home Price Index® report has been released
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