Homes For Sale in Peoria AZ
Peoria AZ has become one of the top markets in the country for real estate. There are many homes for sale in Peoria AZ with the values of these properties having gone up quite a bit over the years.
The properties in Peoria are varied based on their features and locations. The sizes of these homes will especially make an impact on the homes value. The options that people have to look forward to are rather enticing and will create some great experiences for all people to look forward to when finding great homes in the region.
How Is the Market?
The market for houses for sale in Peoria AZ has evolved over the years to where there are more options than ever before. New home construction has risen as the population of Peoria has expanded. The city of Peoria has taken in close to 50,000 new residents since 2000. It’s no surprise that the housing market has grown along with the population.
Unfortunately, like with many other markets in the southwest, home values in the area have yet to get back to their pre-bubble valuations. The Peoria AZ Real Estate market, like others, has been recovering. The average value for homes for sale in Peoria AZ has reached around $250,000 a total that is less than the nearly $300,000 that it was a decade ago.
Homes For Sale Peoria AZ
Still, new home construction and the increased affordability of homes for sale in Peoria AZ has at least helped keep the values of these homes under control. With the rise of the Peoria AZ real estate market, it should not be much of a surprise to see this market become a little more appealing.
Of course, there are plenty of more expensive homes that will impact the median totals. The median for houses for sale in Peoria AZ is closer to $300,000. It is still a total for Peoria AZ Real Estate that should not be hard to afford.
Where Are the Best Homes?
The older and less expensive homes for sale in Peoria AZ are closer to the southern part of the city. It is typically easier to afford homes in the southern area. Most of those homes are in the 1,300 to 2,500 square foot range and have three bedrooms and 1.75 to 2 bathrooms for the most part. These properties are ideal for most families.
In addition, the home values are closer to the average. This is especially interesting in that some properties have wildly fluctuating home values. These include totals going from $150,000 all the way up to $300,000. These totals are rather high but will certainly be interesting for those looking for more valuable or functional homes.
Peoria AZ Homes For Sale
Some houses for sale in Peoria AZ are near the New River, river bed. These typically cost from $300,000 to $500,000 range for the most part. This is not necessarily due to the location but more due to how these building lots are a little larger in size. The houses themselves are also larger with four or five bedrooms on average.
Where Are the Fanciest Homes?
Some of the finest homes in the market of Peoria AZ Real Estate would be on the outside northwest part of the 101 Loop. Gated communities like Mesquite Trail at Vistancia, Desert Ambition, Desert Intrigue and Westland Heights tend to have more expensive homes. These homes cost more due to the prime location of these spots and to how these are in more of a higher-end price point part of Peoria with added country clubs around this area.
These master planned communities, have homes that are often worth more than half a million dollars. Some of these homes have larger yards with deeper and wider lots. The HOA rules relating to what people can do in these communities varies.
The Peoria AZ Real Estate market is growing and the options for homes are expansive. People looking for homes for sale in Peoria AZ should take a closer look at what is available and to see what options are around in different parts of this beautiful city. The selection for homes for sale in Peoria AZ is rather varied and deserves to be explored.