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Posted: 12/13/2005 11:20:20 AM EDT
Is your real estate market still riding high? I know that Phoenix and the surrounding area
had really increased in the last two years. Has the rest of Arizona gotten as high as Phoenix?

A little background:
I was all set to move to Arizona before my brother died two years ago. He had lived in North Phoenix since 1979 and I had wanted to move closer to him. Once he died, however, I decided to stay put here in Colorado but lately I've been researching areas to relocate to again. I had crossed Arizona off my list since the prices had gone so goofy but I'm wondering if thats still the case or if real estate prices are starting to level off.

Thanks in advance for any info. I know I could call the real estate agent I was working with
2 years ago but I'd like to hear the straight (no sales B.S.) scoop.
Link Posted: 12/13/2005 12:43:37 PM EDT
You're better off buying land on the moon then spending money moving here....

Besides, we're full.
Link Posted: 12/13/2005 1:25:06 PM EDT
The middle class has been all but priced out of buying a home in a decent area in or near Phoenix.
Link Posted: 12/13/2005 5:24:04 PM EDT

Originally Posted By Ocorvo:
Besides, we're full.



AMEN to THAT!
Link Posted: 12/13/2005 6:20:55 PM EDT
Soon the collapsing bubble because of an inflated buying frenzy supported by interest only loans and speculation purchases may still leave first time buyers priced out.
Link Posted: 12/14/2005 3:31:55 PM EDT
It's leveled off, but whether it will 'burst' or not depends on who you asked.

I could not afford to buy the house I bought four years ago, that 's for sure.

I say it's whacky.
Link Posted: 12/14/2005 4:44:37 PM EDT
Thanks for the replys. I appreciate your candor.
I don't think I want to move to the valley but was looking more toward either Wickenburg or the Apache Junction areas. I'd rather stay out of the metro mess in Phoenix.
Link Posted: 12/14/2005 7:32:07 PM EDT
Have you ever heard the term "Higher than a cat's ass?" In 1995 I paid 67,500 for my 1200 sq ft hovel, today smaller, one bath single car garage houses in my neighborhood are going for 170,000 to 185,000.

Link Posted: 12/16/2005 12:55:29 PM EDT

Originally Posted By brandyspaw:
Thanks for the replys. I appreciate your candor.
I don't think I want to move to the valley but was looking more toward either Wickenburg or the Apache Junction areas. I'd rather stay out of the metro mess in Phoenix.



Apologies to anyone here who lives in AJ...well, not really since you could always move -
Anyway, I'd go to Casa Grande, Florence, Buckeye or the like before AJ.
Link Posted: 12/21/2005 4:29:28 PM EDT
I live in Prescott Valley, and real estate is so expensive here that my wife and I cannot find a 2 bed, 2 bath home for ourselves and our son under $200,000. Since when is it impossible for a guy who makes $50,000 a year to find a good home? For the first time in my life, I am considering moving out of AZ - just so I can buy a damn house!
Link Posted: 12/21/2005 6:27:49 PM EDT
Bad news, AJ is now fully connected to and considered part of the valley, so is Queen Creek.
Florence Juntion, Casa Grand and Maricopa city are the outskirts on the east side.

The gap between Sun City and Phoenix is filled in and they are fast building out to Wikenburg ( the two lane parts of the 60 is a kamakazi drive at rush hour).

I'm out in Buckeye and all the farm land will be gone in a few more years, the city council approved the general plans for 300,000 houses.

Cheap houses can still be had out in Tonopah, 411th ave.
Link Posted: 12/21/2005 6:58:00 PM EDT

Originally Posted By BulletBait:

Cheap houses can still be had out in Tonopah, 411th ave.



Yeah, thats only a 60 mile drive to my workplace, each way!
Link Posted: 12/22/2005 1:31:16 AM EDT

Originally Posted By Ocorvo:

Originally Posted By brandyspaw:
Thanks for the replys. I appreciate your candor.
I don't think I want to move to the valley but was looking more toward either Wickenburg or the Apache Junction areas. I'd rather stay out of the metro mess in Phoenix.



Apologies to anyone here who lives in AJ...well, not really since you could always move -
Anyway, I'd go to Casa Grande, Florence, Buckeye or the like before AJ.



Wow. Have you actually been to AJ or Casa Grande in the last few years? City of AJ quit passing out the meth lab kits 5 years ago when Casa Grande started. I think english is the third language in Casa Grande right after Pima Indian and mexican. Makes AJ look like Scottsdale.

Link Posted: 12/23/2005 8:55:08 PM EDT
IM sent.

Link Posted: 12/24/2005 4:29:50 AM EDT
A former Scottsdale resident chiming in here.
The bubble has begun to burst here in Marco Island. Median has dropped from 600K
to 550K. What once was 1.3 mil in the water goes for 950K. Went up too fast in 04'.
120 day inventory on hand here on the tiny island of 15000 year round residents.
A few more hurricanes and they will giving a way houses here.
The Valley of the sun WAS paradise. TOOO crowded now. Glad I left. No offense gang.
Link Posted: 12/24/2005 6:55:08 AM EDT
Our neighborhood went from a 140k to over 200k at the peak of the market with the 2nd to last house going for 217k. Houses used to be sold within a few days of hitting the market.

The last house sat empty for almost five months and went for 190k. Glendale at least seems headed back down to reasonable levels.

Link Posted: 12/24/2005 2:51:34 PM EDT
Here's crazy.... I bought my house for $159K 6 years ago (got a screaming deal because the seller was in pre-foreclosure and just wanted out). One of my neighbors recently sold theirs (a smaller floorplan with a car port, not a garage like I have) for a little over $400K. I'm guesstimating that based on how crazy the market was a few months ago, I probably could have gotten $425K for mine. That's just crazy money.
Link Posted: 12/28/2005 10:08:11 AM EDT
Greetings from VA! What's the Tucson market like? We heard it followed the Phoenix market in terms of inflation and market segment profile (ie: snowbirds). True? TIA
Link Posted: 12/28/2005 10:22:59 AM EDT
[Last Edit: 12/28/2005 10:23:54 AM EDT by MP5_guy]
True, with the added benefit that jobs in Tucson generally pay less.

BTW, I am originally from VA... McLean, to be exact. Got tired of living in a swamp, so I moved to the desert.
Link Posted: 12/28/2005 12:31:07 PM EDT
Thanks MP5, ex-neighbor! I'm just off 123 junction with Old Dominion Drive in 22101. Yeah, it's raining again in the swamp.
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