What 250K Will Buy In The Phoenix Real Estate Market

What 250K Will Buy In The Phoenix Real Estate Market

The median list price for Phoenix homes is $244,900, up 14% from the same month last year, according to the National Housing Trend Report for February 2014. This puts the median list price above the national average of $199,000,

 and it puts the Phoenix-Mesa market near the top of the list for the 146 metropolitan regions ranked in the report in terms of total number of listings.  A scan of the Phoenix-Mesa inventory at the $250,000 price point reveals a surprising variety of properties. "One would think that we would find a selection of homes very similar in size and amenities. Nothing could be further from the truth. At $250,000, there are homes ranging from $65 dollars a square foot up to about $250 a square foot. So this would be 3,846 square feet to 1,000 square feet for the same $250,000 purchase price. The square footage within the home goes down as the price per square foot goes up.

Some properties at the $250,000 price point offer upgraded appliances, countertops and backsplashes in the kitchen. In most, expect an owner's suite with dual sinks, separate tub and shower, and walk-in closets. Tile floors, multiple-car garages, outdoor patios and automatic watering systems for the yard/landscaping are also common features at this price.

Forsberg emphasizes the variety of properties available at this price level. Homes priced at $250,000 come in all shapes, sizes, amenities and neighborhoods. There are numerous homes still available and with a little searching you can find the things you want. Because the homes at this price point differ greatly, buyers will have more options but may also have to decide which features are more important when looking for a home

Click the link below to view this $247,500.00 home in the Phoenix area 

http://michelle.arizonahouses.properties/property/22-5308870-3437-E-Melody-Drive-Phoenix-AZ-85042Image title  

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Phone: 602-687-0617
Dated: July 28th 2015
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