Phoenix Real Estate
Despite a housing collapse between 2007 and 2010, the housing market in Phoenix is seeing an increase. The improvement is mainly being seen in rental housing as yet. In fact commercial property owners are being said to look at the housing sector in order to ensure a return.
The average price per square foot in Phoenix is around $75. This is a decrease of more than 10 percent as compared to last year. The median sales price for homes in the city is around $84,000 and this is based on a sample of 9,892 home sales. There are still home sales that are being done due to foreclosures and auctions but there is still an increase that is being seen. Some of the popular areas in Phoenix are Camelback East, North Mountain, Deer Valley and Paradise Valley that have a high average listing price.
Other areas that are relatively easier to acquire due to low prices include Laveen, Estrella, Maryvale, Central City and South Mountain. The New Village is another upcoming area that seems to be showing a lot of promise.
New projects in the city need to be passed through the Real Estate Division of the city. Acquisitions, appraisals, property management and relocation come under the purview of the division. In addition to that, the division is the one stop shop for all matters relating to the proper title holding. Ownership is prepared based on geographic areas, name of owner, acreage, zip code and zoning laws.