Please suggest Phoenix suburbs low HOA good communities (Scottsdale, Chandler: for sale, real estate market)

[al-capone]

Looking to buy to live part year (Jan to April). Ideally condo/townhouse. 55+ community ok. Problem I am having is that most of the communities have all the facilities we do not need like golf courses, pools and what not. Here in Chicago area HOA is typically just for the lawn/snow/exterior maintenance and outside common area insurance. Are there any such communities with low HOA and safe place. (not boonies but near civilization like Chandler, Surprise/Goodyear etc). Budget $250k. We don't care school district but typically good schools translate to safe nice family place. Basically after research I know all the good/safe places like Gilbert/Chandler/Scottsdale etc but having hard time finding sub divisions with low HOA due to not having pools/golf courses etc.. please advise. Thanks

[Alandros]

Just a suggestion, including the range of what you are considering as a "low" HOA since I suspect that can vary differently between people.

[wase4711]

if you are looking for a house in the 250K range in those towns, dont bother, they really dont exist at this point..

[al-capone]

Originally Posted by Alandros

Just a suggestion, including the range of what you are considering as a "low" HOA since I suspect that can vary differently between people.

I am thinking around $150 per month.

[al-capone]

Originally Posted by wase4711

if you are looking for a house in the 250K range in those towns, dont bother, they really dont exist at this point..

Can you suggest some areas in the Phoenix suburbs where they may exist. (only must have is safe neighborhood - low crime rate and low or no HOA -- house or 2-3 BR condos/townhomes). Not looking manufactured/modular homes trailer park environment..). 55+ community also fine.

[AZJoeD]

While there are a handful of units available that meet your criteria, they may not be in areas you are interested. You either while need to raise your budget or lower your expectations.

I know that this is contrary to your original post, but you should consider a single family home in Sun City. Sun City SFR HOA is only $25 annually and the rec center fees is $496 Annually. So less that $50 month. Yes, it has golf courses and rec centers, but if you don't want to participate, then don't. It is still the most affordable area for part timers.

[al-capone]

Originally Posted by AZJoeD

While there are a handful of units available that meet your criteria, they may not be in areas you are interested. You either while need to raise your budget or lower your expectations.

I know that this is contrary to your original post, but you should consider a single family home in Sun City. Sun City SFR HOA is only $25 annually and the rec center fees is $496 Annually. So less that $50 month. Yes, it has golf courses and rec centers, but if you don't want to participate, then don't. It is still the most affordable area for part timers.

Wow that is really low HOA ! Thanks for your input. Will look at Sun City listings and watch the market this year to see how when the covid dust settles..

[Parnassia]

Originally Posted by al-capone

Wow that is really low HOA ! Thanks for your input. Will look at Sun City listings and watch the market this year to see how when the covid dust settles..

Just remember that with a SFR/HOA you probably won't get the same exterior and grounds maintenance you would with a condo. You'll be doing or arranging that for yourself.

[al-capone]

Originally Posted by Parnassia

Just remember that with a SFR/HOA you probably won't get the same exterior and grounds maintenance you would with a condo. You'll be doing or arranging that for yourself.

Did not know. Good point. With so many variables and bubble like over heated real estate market we now planning to just air bnb for next couple years. (jan to march). With the current prices, job volatility and what not does not make sense to buy second home. Plus coming from midwest we used to big houses with basement large backyard mcmansion living so it will be hard to settle for small condo/townhouse. With air bnb 3 months we can live in big houses in the most upscale places and prolly cost $6k per year for 3 months. Thanks

[Alandros]

Originally Posted by al-capone

Did not know. Good point. With so many variables and bubble like over heated real estate market we now planning to just air bnb for next couple years. (jan to march). With the current prices, job volatility and what not does not make sense to buy second home. Plus coming from midwest we used to big houses with basement large backyard mcmansion living so it will be hard to settle for small condo/townhouse. With air bnb 3 months we can live in big houses in the most upscale places and prolly cost $6k per year for 3 months. Thanks

Might be the best plan.

I will add that though no one knows what will happen (ever), it's really not clear the current market is a bubble. Again no one knows for sure what will happen, but the current situation is very different than the 2008/2009 bubble. A simple graph to illustrate this can be found here, I posted the image below as well.
https://arizonarealestatenotebook.co...glance-charts/




The key parts to look at is the red line is the current inventory for sale on the market and the green line is the median home price.

Seeing the data like this you can see clearly why 2008 was a bubble. Home prices shot up while inventory was still rising. So it was the perception of home value that went up, despite the sales not really matching that. You can even see sales went down between 2005-2008 while prices went up and the inventory bulked up.

So the high home values were NOT based on a limited supply. Hence a bubble.

As you can see now it's a very different situation. Inventory is ridiculously low, even lower than the lowest point on this chart now I believe. That has causes prices to shoot up due to a real demand that greatly exceed the supply.

This means the values shooting up are genuinely based on a demand based on limited supply. Keep in mind this is with tons of growth in the area since 2008 overall and tons of growth right now. So the demand is even higher than it was back then and yet there are so few homes for sale.

So this is why lots of professionals are saying this very well might not be a bubble. It's not clear the market will actually lower at all, or much if ever (outside of a massive recession or something).

It also suggests even if the market starts to stabilize, as in purchases going down (such as higher rates driving purchasing down), it will take quite a while before there's enough inventory to have a balanced market.

So who knows, but I wouldn't hold my breath that the market is going to naturally lower. Prices in Phoenix are still far lower than much of California (even with a bit of a drop recently in California), which serves as an example of how high prices can rise to if you have enough desirability and demand and supply that can't keep up with that.