Licensed Loan Originator
Amerifirst Financial, Inc.
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The ideal place for you and your family will depend on what you are looking for and your budget. Some people with higher budgets will choose Scottsdale, others might prefer Tempe for it closeness to ASU, other might like Chandler and Gilbert as a good balance of good prices and nice location, others will prefer Maricopa where they can get a bigger property for a really low price.
It will all depend on your budget and what you are looking for.
Carlos J. Ramirez, PC, ABR, CNE
Associate Broker/Realtor, HomeSmart -
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HomeSmart Real Estate
Arizona Homes for Sale by a Guy from Iowa
In past years buyers from other States moved ot Arizona and that brought us nice appreciation rates in real estate. Those days will come back. For now we have to deal with an oversupply before the values can go up again.
When potential home buyers talk about Maricopa, they are usually impressed by the great opportunities in our real estate market. However, Maricopa as a town has a lot to offer if you are looking for a young town with some Old West Country flavor in close proximity to the Metro Phoenix area. In addition to beautiful homes at incredibly low prices, we have restaurants, stores and many businesses that provide services to residents and the commutes to Chandler and Tempe are very reasonable.
I'm a Maricopa Realtor and I think that Maricopa homes are also great investments, since our rents typically cover all expenses. That shows you that people do enjoy living in Maricopa and because of the fact that homes are so undervalued right now, Maricopa properties will see great appreciation rates once the market turns.
Concerning your question about other areas to live for families, I would like to get in to more details as to your needs in order to recommend other areas for you to consider. Feel free to call.
Personally, I love Maricopa - my family has been here for over 30 years. It has a few growing pains...but it's a great community!
Good observation. The homes are newer. During the last building boom time this area was in development. The area is outside of the central commute permeter that most people are comfortable with. If a person works from home, though this makes the area a good buy.
It all depends what you are looking for. If one works in Chandler or Tempe it is not as long as a commute as going into Phoenix. Other similar areas with the long commute in SE Phoenix metro are Queen Creek and San Tan Valley. There are also other similar cities on the Western Phoenix metro perimeter like Surprise, Litchfield Park, Buckeye etc.
To get an idea of what these communiities are like, feel free to ask or try the online relocation guide at http://ArizonaHomesLand.com
Jeff Masich, Realtor
Arizona Homes and Land
During the housing 'boom' of 2004-2006, a typical two-story, 3500+ sq/ft home in Maricopa sold for anywhere from $295,000 to $400,000, depending on the upgrades and if you had a pool.
NOW, that same home sells for around $30 per sq/ft, or $100,000.
Well...the housing 'bubble' burst, the economy hit the wall, property values plummetted throughout the country, and Maricopa was hit with THOUSANDS of foreclosures and short sales. Property values have fallen dramatically, and everyone who purchased during that time period is now underwater on their mortgage, and must make the decision to either wait it out for property values to go back up, OR walk away. If they cannot make their payment, they'll likely attempt a short sale OR let the bank take the home back at foreclosure.
During this period, the builders in Maricopa (there were MANY), built thousands and thousands of homes in some very nice subdivisions. New schools were built, as were a few businesses. Prices increased week over week, month over month, and the people kept buying and builders kept building. Homes were gaining equity overnight it seemed, and no one thought it would ever end, but it did, with property values declining almost as quickly as they went up.
There isn't much infrastructure in Maricopa; a few grocery storers, some restaurants...that's it. Everyone who lives there typically works in Phoenix and makes the long commute every day to and from Maricopa. There is really only one 4-lane freeway to get into the Valley, and it's about 20 miles one way. During the morning rush hour, and in the evening, it can get pretty backed up with traffic, and if there's an accident, look out. You're stuck.
This eventually caught up with the area, and combine that with the struggling housing industry and job loss, it was the perfect storm. There have been so many foreclosures and short sales in Maricopa that it's difficult to keep track. Right now, a lot of investors are buying up property at pennies on the dollar and turning them into rentals. It's not a bad idea, but there are better areas to look at for investing in property right now.
When will property values come back in Maricopa? Who knows, but one thing I can say for sure is that it will be a long time.
I would highly recommend looking for a home in Gilbert, Chandler, Mesa, Tempe. These places will hold value over the long haul, and there are MANY great deals to be had RIGHT NOW. Some are bank-owned foreclosures, and some are short sales, and some are 'regular' sales, but property values are at historic lows in these areas too, so it is an EXCELLENT time to buy a single-family residential home!
If you're interested in Maricopa, I've done a LOT of business there since 2005, as well as the other areas I mentioned. If you'd like a custom search of homes to view at home on your pc, just shoot me a quick email or give me a call; I'd love to help out!
Century 21 All Star, REALTORS