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J.R Real Estate Team At J.K Realty
602-351-5000
SA666421000

Phoenix

Why you'd want to live in Phoenix

Phoenix is the capital and most populous city of the U.S. state of Arizona. With 1,615,017 people (as of 2016), Phoenix is the fifth most populous city nationwide, the most populous state capital in the United States, and the only state capital with a population of more than one million residents. Phoenix is the anchor of the Phoenix metropolitan area, also known as the Valley of the Sun, which in turn is a part of the Salt River Valley. The metropolitan area is the 12th largest by population in the United States, with approximately 4.3 million people as of 2010. In addition, Phoenix is the seat of Maricopa County and, at 517.9 square miles, it is the largest city in the state, more than twice the size of Tucson and one of the largest cities in the United States. Settled in 1867 as an agricultural community near the confluence of the Salt and Gila Rivers, Phoenix incorporated as a city in 1881. Located in the northeastern reaches of the Sonoran Desert, Phoenix has a subtropical desert climate. Despite this, its canal system led to a thriving farming community, many of the original crops remaining important parts of the Phoenix economy for decades, such as alfalfa, cotton, citrus, and hay (which was important for the cattle industry). In fact, the "Five C's" (Cotton, Cattle, Citrus, Climate, and Copper), remained the driving forces of Phoenix's economy until after World War II, when high-tech industries began to move into the valley and air conditioning made residences much more comfortable in the very hot summers. The city averaged a four percent annual population growth rate over a 40-year period from the mid-1960s to the mid-2000s. This growth rate slowed during the Great Recession of 2007–09, and has rebounded slowly. Phoenix is the cultural center of the Valley of the Sun, as well as the entire state.

Phoenix Market Report

$469,104

AVERAGE PRICE OF 3,759 HOMES

$395,509

AVERAGE PRICE OF 47 DISTRESSED HOMES

$1,865,005

AVERAGE PRICE OF 254 MULTI-MILLION DOLLAR HOMES

$723,675

AVERAGE PRICE OF 350 NEWLY BUILT HOMES

$746,376

AVERAGE PRICE OF 1,062 HOMES WITH A POOL

$506,678

AVERAGE PRICE OF 242 REDUCED PRICE HOMES

Average Home

Average Price $469,104
Avg Bedrooms 3.26 beds
Avg Bathrooms 2.42 baths

Average Price by Bedrooms

1 bedroom $191,083
2 bedrooms $288,152
3 bedrooms $381,833
4 bedrooms $560,209
5 bedrooms $890,955
Phoenix Home Price Trends
  8/2019 7/2019 6/2019 5/2019 4/2019
Total Listings 3,863 4,134 4,537 4,776 5,042
Average Price $465,160 $463,295 $469,717 $466,124 $454,177
Avg Price Change +0.40% -1.39% +0.77% +2.63% +2.07%
Median Price $337,230 $339,425 $339,921 $335,131 $324,184
Med Price Change -0.65% -0.15% +1.43% +3.38% +2.27%
Avg Bedrooms 3.28 beds 3.28 beds 3.31 beds 3.31 beds 3.28 beds
Avg Bathrooms 2.43 baths 2.43 baths 2.47 baths 2.46 baths 2.43 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Arcadia High School 189 $1,377,818 99 days
Barry Goldwater High School 194 $366,562 52 days
Camelback High School 409 $636,753 86 days
Central High School 371 $455,032 90 days
North High School 194 $432,721 70 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,759 $469,104 67 days
Distressed Homes 47 $395,509 80 days
Multi-Million Dollar Homes 254 $1,865,005 133 days
Newly Built Homes 350 $723,675 90 days
Homes with a Pool 1,062 $746,376 75 days
Reduced Price Homes 242 $506,678 63 days

School Data

Highly Rated Phoenix Schools

8

ACACIA ELEMENTARY SCHOOL
Elementary School
Public

10

ANASAZI ELEMENTARY SCHOOL
Elementary School
Public

8

BLACK MOUNTAIN ELEMENTARY SCHOOL
Elementary School
Public

8

C I WAGGONER SCHOOL
Elementary School
Public

10

CHEROKEE ELEMENTARY SCHOOL
Elementary School
Public

9

COCHISE ELEMENTARY SCHOOL
Elementary School
Public

8

COPPER CREEK ELEMENTARY SCHOOL
Elementary School
Public

10

DESERT CANYON ELEMENTARY SCHOOL
Elementary School
Public

8

DESERT MOUNTAIN ELEMENTARY SCHOOL
Elementary School
Public

9

DESERT TRAILS ELEMENTARY SCHOOL
Elementary School
Public

10

FIRESIDE ELEMENTARY SCHOOL
Elementary School
Public

9

HOPI ELEMENTARY SCHOOL
Elementary School
Public

9

KYRENE DE LA ESPERANZA SCHOOL
Elementary School
Public

8
9

KYRENE DE LA MIRADA SCHOOL
Elementary School
Public

8

KYRENE DE LA PALOMA SCHOOL
Elementary School
Public

10

KYRENE DE LA SIERRA SCHOOL
Elementary School
Public

10

KYRENE DE LOS CERRITOS SCHOOL
Elementary School
Public

8

KYRENE DE LOS LAGOS SCHOOL
Elementary School
Public

8

KYRENE DEL MILENIO
Elementary School
Public

10

KYRENE MONTE VISTA
Elementary School
Public

9

MADISON HEIGHTS ELEMENTARY SCHOOL
Elementary School
Public

9

MADISON RICHARD SIMIS SCHOOL
Elementary School
Public

9

SEQUOYA ELEMENTARY SCHOOL
Elementary School
Public

8
10

ALHAMBRA TRADITIONAL SCHOOL
Middle School
Public

8

ANTHEM SCHOOL
Middle School
Public

9

ASHLAND ELEMENTARY SCHOOL
Middle School
Public

8

BASHA ELEMENTARY SCHOOL
Middle School
Public

8

BOULDER CREEK ELEMENTARY SCHOOL
Middle School
Public

8

BUSH ELEMENTARY SCHOOL
Middle School
Public

8

CHAPARRAL ELEMENTARY SCHOOL
Middle School
Public

9

COPPER CANYON ELEMENTARY SCHOOL
Middle School
Public

8
9
10

FRANKLIN AT ALMA ELEMENTARY
Middle School
Public

9

GAVILAN PEAK ELEMENTARY SCHOOL
Middle School
Public

10

GREENFIELD ELEMENTARY SCHOOL
Middle School
Public

9

IRA A. FULTON ELEMENTARY SCHOOL
Middle School
Public

8

ISHIKAWA ELEMENTARY SCHOOL
Middle School
Public

10

KIVA ELEMENTARY SCHOOL
Middle School
Public

8

LIBERTY ELEMENTARY SCHOOL
Middle School
Public

8

LITCHFIELD ELEMENTARY SCHOOL
Middle School
Public

9

LOOKOUT MOUNTAIN SCHOOL
Middle School
Public

8

MADISON MEADOWS SCHOOL
Middle School
Public

10

MADISON TRADITIONAL ACADEMY
Middle School
Public

8

MERCURY MINE ELEMENTARY SCHOOL
Middle School
Public

9

NAVARRETE ELEMENTARY SCHOOL
Middle School
Public

8

NORTERRA CANYON K-8
Middle School
Public

9

PASEO VERDE ELEMENTARY SCHOOL
Middle School
Public

8

PIMA BUTTE
Middle School
Public

9

POWER RANCH ELEMENTARY SCHOOL
Middle School
Public

8

QUAIL RUN ELEMENTARY SCHOOL
Middle School
Public

8

SANDPIPER ELEMENTARY SCHOOL
Middle School
Public

8

SCOTT L LIBBY ELEMENTARY SCHOOL
Middle School
Public

9

SIERRA VERDE ELEMENTARY SCHOOL
Middle School
Public

9

STETSON HILLS ELEMENTARY SCHOOL
Middle School
Public

8

SUNSET RIDGE ELEMENTARY SCHOOL
Middle School
Public

8

TERRAMAR ELEMENTARY SCHOOL
Middle School
Public

8

WEST WING ELEMENTARY SCHOOL
Middle School
Public

9

WILDFIRE ELEMENTARY SCHOOL
Middle School
Public

8

CACTUS SHADOWS HIGH SCHOOL
High School
Public

8

DESERT MOUNTAIN HIGH SCHOOL
High School
Public

8

DESERT VISTA HIGH SCHOOL
High School
Public

9

HERITAGE ACADEMY
High School
Public

8

MOUNTAIN VIEW HIGH SCHOOL
High School
Public

8

PEORIA ECAMPUS
High School
Public

10

UNIVERSITY HIGH SCHOOL
High School
Public

JK Realty
Rome Towers
1760 E Pecos Rd, Suite 501
Gilbert, AZ 85295
480-733-8500

© 2019 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than JK Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. September 17, 2019