Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Arizona > Phoenix area
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-03-2010, 01:25 PM
 
38 posts, read 83,365 times
Reputation: 18

Advertisements

Hi all, we're considering moving to the Phoenix area. While perusing homes online I was shocked to see very nice looking homes in the 60-100k range. Is this for real? Or is this something that could only be found in a "scary" part of town? We're looking for a standard starter home.

I should also note that while it would be nice to have a college nearby, schools aren't important in our decision (no kidlets). Thanks!
Reply With Quote Quick reply to this message

 
Old 02-03-2010, 02:02 PM
 
Location: Scottsdale, AZ
2,150 posts, read 5,136,112 times
Reputation: 3303
There are many good deals in the Phoenix area right now due to the large number of foreclosures having driven the prices down. Yes, those prices are for real! They may not be in the "scary" (???) part of town, but they may be in the far suburban areas which may be inconvenient if you need to commute very far.

You need to determine where you will be working, going to school, visiting friends, enjoying activities, etc. Then look for properties that are within a reasonable commute to those places.

There are many good deals, it all depends on your needs.
Reply With Quote Quick reply to this message
 
Old 02-03-2010, 02:42 PM
 
4,235 posts, read 13,993,706 times
Reputation: 4252
and don't forget that you get what you pay for.....(usually)
Reply With Quote Quick reply to this message
 
Old 02-03-2010, 02:59 PM
 
38 posts, read 83,365 times
Reputation: 18
Thank you for that info AZJoeD. I guess I'm just a little shocked to see those prices coming from the Chicago area. Even with the economic downturn it's difficult to touch a detached house (even in a distant suburb) for less than 300k or so. Closer to the city in decent areas it's much more than that here. It wouldn't be that bad but property taxes are crazy as well, we pay 6k a year in property taxes for a townhouse.

Azdr0710, do you think that many of these less expensive homes may likely be of lower quality (or in bad areas)? Many of them looked quite nice but it is difficult to really tell through an Internet photo. :-)
Reply With Quote Quick reply to this message
 
Old 02-03-2010, 03:16 PM
 
Location: Scottsdale, AZ
2,150 posts, read 5,136,112 times
Reputation: 3303
Quote:
Originally Posted by DRCR View Post
Thank you for that info AZJoeD. I guess I'm just a little shocked to see those prices coming from the Chicago area. Even with the economic downturn it's difficult to touch a detached house (even in a distant suburb) for less than 300k or so. Closer to the city in decent areas it's much more than that here. It wouldn't be that bad but property taxes are crazy as well, we pay 6k a year in property taxes for a townhouse.

Azdr0710, do you think that many of these less expensive homes may likely be of lower quality (or in bad areas)? Many of them looked quite nice but it is difficult to really tell through an Internet photo. :-)
Actually, most of these homes are tract homes, built by large builders like D.R. Horton, Engle, Centex, K&B, etc. While they are not custom homes they will be your standard "builders grade" materials. The same homes that were built all across the country. They built thousands of them. Most were built in the 2003 - 2006 time frame.

Property taxes here can range from $1200 up to $2500 depending on community, school district, etc.
Reply With Quote Quick reply to this message
 
Old 02-03-2010, 03:31 PM
 
Location: Phoenix
3,995 posts, read 9,977,243 times
Reputation: 905
I'd say the biggest defining similarity between most of those cheap homes are distance/short-sales/stripping (meaning they will need to be remodeled or have lots of interior work done), and are in neighborhoods relatively empty. Even semi-distant suburbs like Tempe, Chandler, etc have homes averaging over 200K. So I think distance from civilization is the biggest factor.
Reply With Quote Quick reply to this message
 
Old 02-03-2010, 04:22 PM
 
38 posts, read 83,365 times
Reputation: 18
Are there areas then that actually fall under Phoenix (with regards to zip code at least) that are in reality pretty far out? Any specific Phoenix zip codes a person should avoid?

Yes these are obviously mainly tract homes, but they seem to be decent (stucco, tile roof) for the most part. We aren't looking for a custom home; we're still young(ish) and working on getting established. Luckily we have family fairly close who are contractors that can help out with any updating/upgrading that we need to do (not close enough to advise us on where to buy in Phoenix unfortunately).

Many of the homes I'm seeing seem to be short-sales or similar. We don't mind a little work and purchasing appliances; I just don't want to end up in an empty, crime-ridden neighborhood haha.

Obviously, as we get closer to a move we will consult with a realtor in the area, but in the meantime I want to get an idea of whether looking in this range is a realistic possibility or just a pipe dream.
Reply With Quote Quick reply to this message
 
Old 02-03-2010, 04:49 PM
 
Location: Sonoran Desert
38,945 posts, read 50,850,868 times
Reputation: 28122
Quote:
Originally Posted by DRCR View Post
Are there areas then that actually fall under Phoenix (with regards to zip code at least) that are in reality pretty far out? Any specific Phoenix zip codes a person should avoid?

Yes these are obviously mainly tract homes, but they seem to be decent (stucco, tile roof) for the most part. We aren't looking for a custom home; we're still young(ish) and working on getting established. Luckily we have family fairly close who are contractors that can help out with any updating/upgrading that we need to do (not close enough to advise us on where to buy in Phoenix unfortunately).

Many of the homes I'm seeing seem to be short-sales or similar. We don't mind a little work and purchasing appliances; I just don't want to end up in an empty, crime-ridden neighborhood haha.

Obviously, as we get closer to a move we will consult with a realtor in the area, but in the meantime I want to get an idea of whether looking in this range is a realistic possibility or just a pipe dream.
That is a very real risk. Many of these 60K specials are in neighborhoods that are going to be low income and possibly elevated crime areas in a few years. Think about who is buying these homes. 60K homes are attracting investor/rentals and people who can't afford more in addition to the guy from out of town who thinks he has found the home equivalent of a free lunch. If you plan to live there a while, or have kids in the schools, you need to be very careful where you buy. There's a lot of areas around here I would not want to live even if I could find a 3000 sf foreclosure for under 100K.
Reply With Quote Quick reply to this message
 
Old 02-03-2010, 05:11 PM
 
38 posts, read 83,365 times
Reputation: 18
Thanks for the reply. Are there any cities or zip codes that you would consider generally safe for real estate in the Phoenix area?
Reply With Quote Quick reply to this message
 
Old 02-03-2010, 08:48 PM
 
4,235 posts, read 13,993,706 times
Reputation: 4252
I don't know neighborhoods by zip code.....based on stability, "safe" cities include Tempe, Scottsdale, most areas of Phoenix, Glendale, parts of Mesa, Chandler and Gilbert and parts of Litchfield, Peoria, Buckeye....I'm forgetting some places....

I think I'd stay away from anything built by a mass tract-home builder that's newer than ten years old, but there are exceptions.....you should look for an established and stable area with few foreclosures/short sales....the newer tract homes on the fringes of the urban area may be the areas to avoid....you won't get a $60K deal, but you'll get stability, faster appreciation, possibly less crime, more owner-occupied homes nearby.....

also you need to consider where you need to be in the valley for work access, getting to friends and relatives, access to important family activities.....
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Arizona > Phoenix area
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top