REAL ESTATE
Real Estate Guide Market trends show no sign of improving for homebuyers AFN NEWS STAFF
H
ow tight is the availability of affordable homes in the Valley? The Cromford Report, which closely monitors the Phoenix Metro, recently shared a couple stark facts. Stark Fact 1: “The huge suburban sprawl that is Queen Creek and San Tan Valley has only 42 re-sale single-family homes at $400,000 or less. Not so long ago there were a couple of thousand under $200,000 to choose from.” Stark Fact 2: “In March 2009 the average asking price in Queen Creek and San
Tan Valley was under $207,000. Today it is over $613,000.” And Stark Fact 3: Among the 7,159 active listings in the Phoenix Metro market a week ago, only 1,554 homes were priced below $400,000. And of those 1,554 homes, Phoenix, Mesa and Sun City were hosts to 455, 132 and 112 of them, respectively. To no one’s surprise, the Valley’s housing is wrapping up 2020 pretty much as it began – except that supply is getting tighter and prices are getting higher. “Despite a seasonal slackening in de-
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SPOTLIGHT TLIGHT home
Majestic Southwest contemporary estate with stunning panoramic views on private hillside lot in exclusive gated Tapestry Canyon.
Listed for $1,450,000
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Pristine & Classy Gated Calabrea Estate! On A Premium 2/3 Acre Hillside Lot
Stunning custom basement home w/ 4 car garage in Ahwatukee Foothills’ prestigious gated community of Calabrea.
Rachael Richards
Listed for $1,325,000
Mike Mendoza
Geno Ross
Listed for $1,339,000
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Ahwatukee’s #1 Team for Over 30 Years 480-706-7234
www.MendozaTeam.com
Mike Mendoza
D!
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Sanctuary - Front
Sanctuary - Back
Circle G at Riggs Ranch - Front
Circle G at Riggs Ranch- Back
Stunning panoramic views from privately gated luxury retreat adorned with vibrant imported Montana stone accents. Prime elevated preserve lot with casita. 5 br, 5 ba with 6,455 sq. ft. Resort-style backyard with negative edge pool, custom artwork, fireplace and built-in DCS bbq.
Estate living with refined tranquility in exquisite setting. Meticulous stonework adorns entire exterior. 7 br, 4.5 ba with 8,873 sq. ft. Custom iron doors lead to massive covered patio with pavers, built-in bbq, heated pool with waterfall and slide plus gorgeous landscaping with fruit trees and koi pond.
Listed for $1,950,000
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