Phoenix Housing Market Current Condition
Phoenix is a great city with a lot to offer and a decent housing market worth your attention, but you need to take a close look at the facts to decide what option is right for you.
Reviewing information about the city is the best way to understand if it fits your needs and long-term goals. You will soon arm yourself with the knowledge you need to determine if buying a home in Phoenix is a smart move, and you can then make your final decision with confidence.
Weather
When you want to move to a new area, knowing about the local weather patterns is a wise step in the right direction. You want a location with weather that appeals to your tastes so that you can get the most from your home. Even if you are buying an investment property, knowing what to expect from the weather should impact your decision.
Phoenix has hot summers and mild winters, so it’s the perfect place for anyone who likes spending their time outside. Phoenix residents can expect about 8 inches of rain each year, which is 22 inches less than the national average. If you enjoy hot, dry climates, you will feel right at home when you move here.
Schools
Whether you want to attend college or have children still in school, the quality of the schools in the area should play a role in the city to which you move. Quality schools have proper funding and teachers who enjoy what they do, and students won’t have trouble spotting the difference. Good schools are also safe and have staff members who care about the progress and well-being of each student.
Gilbert Unified School District and Scottsdale Unified School District have some of the top schools in the city, and they strive to give students the best possible shot at success. If you would like to live near San Tan Valley, you will be happy to learn that Chandler Unified District is one of the top-rated schools in the area.
Crime
No matter who you are or what goals you have, moving to a city without looking at the crime rate is not wise. You want to know how safe your city is compared to others so that you can make the best possible choice. For investors, the crime rate can indicate how the housing market will look in the coming years because people are less likely to buy homes in dangerous areas.
Since 2012 the aggravated assault rates went up by 27%, the murder rate increased by 15.4%, and rapes only decreased by 2%. In Phoenix your odds of being the victim of a violent crime are more than double the national average, so keep this fact in mind as you choose a path.
Market Outlook for 2019
Despite its downsides, the housing market in Phoenix is expected to improve in 2019. Market experts point out that the price of homes is down. The number of homes on the market has dropped, so the demand is going to soon rise. As the demand goes up, you can expect the average home price to follow in its path. With these factors in mind, buying a Phoenix home is an investment worth making.
Final Thoughts
If you are interested in getting into the Phoenix housing market you must take a realistic look at the pros and cons, and you should have no issues making the right call for your situation and needs.
Whether or not you have a family or plan to start one should also be a factor in the path you select. You want your children to go to the best schools in the area. Phoenix is still an excellent option if you are an investor looking to get a decent return. If you take your time and conduct research, you will find a property that is perfect for you.
Brittany Waddell is a contributing writer and media specialist for Land and Farm. She often produces content for a variety of real estate blogs.