Great news for the east valley of the Phoenix metropolitan area! 3 of our cities made the Smart Assets list of The Best Cities To Buy A Home Big Enough to Raise a Family. This award is based upon price per square foot, rates of appreciation, and percentage of family income required to purchase and own a median priced home. Check out Chandler, Gilbert, and Scottsdale for large affordable homes. And that’s not only good news for east valley buyers, but sellers as well.
Most sellers in the valley have seen nice property value increases. In the past 5 years, we’ve seen significant appreciation in Chandler, Gilbert and Scottsdale. Despite those value increases, homes in these areas remain affordable, particularly in comparison to many other cities across the nation. For sellers this means higher selling prices while having access to a sizable buyer pool able to afford those homes. Let me tell you….that does NOT always happen! Continued low interest rates in addition to affordability makes now the time to capitalize on that perfect storm!
For buyers, the good news is obvious. If you can buy a larger home for your family with good reason to feel confident in continued appreciation, you will find both your financial situation and your quality of life considerably improved. Especially if you have been renting. Explore Chandler, Gilbert and Scottsdale for large, affordable homes because the cost of renting a home in those areas, in many cases, is higher than what a mortgage payment would be! This week we are seeing interest rates beginning to creep up. So if you want more home for your money, now is the time to make your move!
Derek Philllips with Smart Assets, states “Homes in Arizona have appreciated faster than homes almost anywhere else. In particular homeowners around the Phoenix metro area – in cities like Chandler, Gilbert and Scottsdale – have seen their home values increase by over 40%. This makes it a great spot to be a homeowner. Combine that with the large number of multi-bedroom homes and you have a great market to find a family home.”
Click the link below to see homes currently on the market that are over 2000 square feet in Chandler, Gilbert and Scottsdale.