Metro Phoenix Arizona

Metro Phoenix Arizona

Metropolitan Phoenix encompasses 24 cities, including Phoenix, Scottsdale, Paradise Valley, Fountain Hills, Mesa, Tempe, Chandler, Gilbert, Queen Creek, Peoria and Glendale, among many others. Here are some key points to describe our real estate market* in this area in 2023:

  • Metropolitan Phoenix has been experiencing substantial population growth. The region offers a desirable quality of life, with a warm climate, diverse economy, and recreational opportunities. The population consistent growth has contributed to the demand for housing.
  • The housing market in this area has been characterized by strong demand, rising prices and appreciation in home values. Overall, it is considered a seller’s market due to limited inventory and pent-up demand.
  • Metro Phoenix remains relatively affordable compared to other major metropolitan areas in the United States.
  • New home construction is prevalent throughout the region. Recently the Arizona Department of Water Resources restricted future home-building in the Phoenix area due to a lack of ground water. Developers would need to find other sources to build and guarantee 100 years of water supply.
  • The luxury market has significantly attracted affluent buyers and investors looking for upscale living options.
  • The presence of major employers and a favorable business climate contribute to job growth and stability, further fueling the real estate market.

*It’s important to note that the real estate market can be influenced by various factors, such as economic conditions, interest rates, and local regulations. It’s always advisable to contact us for the most up-to-date and specific information.

Featured Cities

Featured Cities

Chandler, AZ

Fountain Hills, AZ

Gilbert, AZ

Glendale, AZ

Mesa, AZ

Peoria, AZ

Phoenix, AZ

Queen Creek, AZ

Scottsdale, AZ

Tempe, AZ

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