What can $350k buy you in Phoenix metro??

[thedreamteam]

Originally Posted by _Charles_

With the exception of the central corridor where prices have not plummeted as much - you can pretty much write your own ticket on a nice home with a pool and a view around the Valley .

view is one thing, but i am looking for an actual hillside lot. i have found a brand new 3600 sq ft house south of dobbins in the south mountain area in a gated community for ~$350k, but am looking for other similar areas to expand my search to before making a final decision.

thanks in advance.

[SpaceNeedle]

Originally Posted by thedreamteam

thanks foe that info.. any other zip codes i could try in my search?

85268 for Fountain Hills. FH was also recently named Arizona's “Best Affordable Suburb” by BusinessWeek.

Fountain Hills named 'Best Affordable Suburb' in state

[thedreamteam]

Originally Posted by SpaceNeedle

85268 for Fountain Hills. FH was also recently named Arizona's “Best Affordable Suburb” by BusinessWeek.

Fountain Hills named 'Best Affordable Suburb' in state

just searched this, there's not a single home that's 4yrs or newer over 2500 st ft under $350k thats located in that ZIP code.

[SpaceNeedle]

Originally Posted by thedreamteam

just searched this, there's not a single home that's 4yrs or newer over 2500 st ft under $350k thats located in that ZIP code.

That's strange . I thought the house prices in FH have come down quite a bit. Sorry about that.

[musicforme]

Originally Posted by thedreamteam

thanks foe that info.. any other zip codes i could try in my search?

Try using this web site. I used it early on to help me find particular zip codes around town.

[azriverfan.]

Just hire a realtor and search for homes. Honestly, threads like this are dangerous for you because you could form preconceived ideas and avoid certain areas because you heard homes were too expensive in an area. You will be suprised. None of the stereotypes were true when I was looking. Places that I heard houses were supposedly cheap were not really cheap. And areas that I heard were supposedly expensive were not that expensive. Pick an area that you like and spend some time researching and waiting and you will find a home that meets your price or comes close to it. The hardest part is finding what area of Phoenix you like the best. That takes time.

[restoguy]

Pick the neighborhood and the home and its yours. There are good neighborhoods in the metro area but be very careful of inflated home prices. I spoke with a realtor who mentioned banks are playing a game in Phoenix with house values in an attempt to recoupe the monumental loses they have encountered.

[observer53]

Originally Posted by restoguy

Pick the neighborhood and the home and its yours. There are good neighborhoods in the metro area but be very careful of inflated home prices. I spoke with a realtor who mentioned banks are playing a game in Phoenix with house values in an attempt to recoupe the monumental loses they have encountered.

That would not surprise me at all. (bankers sure have fallen down the trustworthy scale, haven't they?) Good advice!

[azjack]

"banks are playing a game in Phoenix with house values in an attempt to recoupe the monumental loses they have encountered."

What are you referring to? The banks certainly do not have pricing power. Many do appear to be holding back REOs from the marketplace, so maybe that is what you are referencing.