Tag Archives: 7th Ave

7th Avenue in Central and Downtown Phoenix AZ

5 Phoenix Neighborhoods Offering the Best Value for First-Time Homebuyers

Courtesy, Catherine Reagor, Arizona Republic

Home prices have shot up in metro Phoenix, but deals can still be found if you know where to look.

laura,boyajian,realtor,media,interviews,channel 3,on your side,historic,phoenix,real,estate,homes,newspaper,neighborhoodsFinding that Valley neighborhood, block or home that is still a bargain and likely to rise in value sooner rather than later is the end game for most homebuyers, investors and flippers.

Rising home prices are making it so much tougher for first-time homebuyers. So this year I am sharing some neighborhoods where houses are priced below $300,000.

A disclaimer: I am not advocating to buy in these areas. Some of the areas come with higher crime rates or other urban issues. But when a friend or source asks me where first-time buyers can still afford houses closer in, here’s my answer. 

South Phoenix

I thought this central Valley area close to freeways and the biggest city park in the U.S. would rebound 15 years ago. But the housing boom and bust delayed its comeback until now.

Home sales in the area’s 85040 ZIP code soared 37% last year. Prices in that neighborhood climbed 22% to $201,000 but are still affordable compared with metro Phoenix’s median home price of $268,000.

South Phoenix has golf and gated communities closer to South Mountain in the 85042 ZIP code. But the median price for that area is only $250,000.

A cool new community called Avance on a former golf course, right next to the preserve, opens in May, 2019. Prices there are expected to start above $300,000.

Downtown Mesa

Light rail, new universities and investment from the Mormon Church are giving this older area a boost. Several new restaurants have opened, and new housing projects are planned, and Mesa has some wonderful historic homes.

It’s become a place for people to hang out again.

The median home price in downtown Mesa’s 85201 ZIP code is $220,000, up 10% from last year. The Evergreen Historic District with homes dating to 1910 can be found here.

Benedictine University has a new campus in downtown Mesa, and Arizona State University is opening one. ASU’s investment in downtown Phoenix helped create a rental housing boom in that area.

Sunnyslope

This often-maligned north Phoenix neighborhood that stretches up and around 7th Street and 7th Avenue north of Northern Avenue to North Mountain is starting to see home prices rise and more businesses open.

Its lower-income housing may deter some buyers, while others like the great diversity. It spans the ZIP codes 85020 and 85021 and is one of the most affordable neighborhoods in both.

The median home price in 85021, the more affordable area, is $301,000. But that area also includes parts of the much-pricier north central neighborhood.

Some interesting luxury homes can be found in Sunnyslope around the Phoenix Mountains Preserve.

Melrose Woodlea Historic Neighborhoods

Buyers can find mid-century homes with relatively affordable price tags in several midtown neighborhoods in the 85013 and 85015 ZIP codes such as North Encanto Historic District, Woodlea Historic District or Pierson Place Historic District.

The Willo, Encanto and Uptown neighborhoods, where prices are much higher, border this area.

Neighborhoods bordering some of the historic districts are great places to look, too. Grandview is one of my favorites, or St. Gregory/Westwood, and there are some hidden gem “no-name” neighborhoods also between 7th and 15th streets and Osborn and Indian School roads.

The redevelopment of Park Central Mall and the many new apartments going up in Midtown are also giving this area a boost.

The median home price in 85013 is $325,000, but houses that need some work can be found for less. The median price in 85015 is $229,000.

West Phoenix

The 85017 ZIP code is home to growing Grand Canyon University. The school helped revitalize the area that had Phoenix’s highest crime rate in 2010.

This west Phoenix neighborhood is drawing investors, who are buying homes and turning them into rentals for students, and flippers, who are redoing the area’s older brick ranch-style houses.

Crime rates have dropped and home values have climbed in this area near Interstate 17. The median home price in the 85017 ZIP code has rebounded 302% from $41,000 after the crash in 2011 to $165,000 in 2018.

Despite the jump, it’s still one of the Valley’s most affordable neighborhoods.

Investors/flippers

These areas are top picks for investors and flippers for the same reasons they draw first-time buyers.

That means first-time buyers will face a lot of competition for the best properties.

But for buyers who don’t want to fix up a house or want to rent in an area before buying, it means more options.

For buyers interested in affordable new homes, check out a list of the least pricey new communities. Most are in metro Phoenix’s edge suburbs.

Whether you’re looking to buy a single-family home in Phoenix, AZ, a Historic Phoenix home, or, If the condo lifestyle is something you’re considering, or, if it’s all you can afford now, please give me a call for  free, no obligation consultation. I specialize and LOVE working with first-time homebuyers and am am FIRM believer that THERE IS NO SUCH THING AS A STUPID QUESTION. I’ll take all the time with you that you need!

DOWNTOWN PHOENIX LIFE

The City of Phoenix defines Downtown as the area between 7th Street and 7th Avenue, from McDowell Road on the north to Buckeye Road on the south. However, the majority of downtown development is concentrated in the smaller area surrounding the intersection of Washington St. and Central Avenue. Downtown Phoenix is one of a the few major business districts in the city and is the central business district of the City of Phoenix, Arizona.

It’s located in the heart of the Phoenix metropolitan area or ‘Valley of the Sun’ with a large variety of designated historic districts housing some classic, vintage homes attracting people from all walks of life.

Phoenix, being the county seat of Maricopa County and the capital of Arizona, serves as the center of politics, justice and government on the local, state and federal levels. The area is a major center of employment for the region, with many financial, legal, and other national and international corporations housed in a variety of skyscrapers. Major arts and cultural institutions also call the area home. Downtown Phoenix is a center of major league sports activities, live concert events, and is an equally prominent center of banking and finance in Arizona. Regional headquarters for several major banks, including JP Morgan Chase, Wells Fargo, US Bank, Bank of America, Compass Bank and MidFirst Bank are all located within or close proximity to the area.

A Little History of Downtown Phoenix

Territorial era

In 1870, a meeting was held to select a town site for the influx of pioneers coming to the recently recognized town of Phoenix. 320 acres were purchased for $50 raised by popular subscription. This original site, the whole of the town of Phoenix in that day, encompasses what would presently be the Downtown Core, bordered by Van Buren Street south to Jackson Street, and Seventh Street to Seventh Avenue.

With the first survey of the new town, streets were laid out in a grid, with Washington Street as the main east-west thoroughfare. The north-south streets originally bore Native American tribal names, but were changed to more easily remembered numbers, with everything east of Center Street (later Central Avenue) named as streets and everything west as avenues. The town continued to grow, and was eventually incorporated as a city on February 28, 1881 centered around downtown.

Throughout the 1880’s the newly incorporated city made many strides toward modernization with the construction of one of the first electric plants in the West as well as the opening of the horse-drawn streetcar line. The Phoenix Street Railway system was eventually electrified and expanded to several different lines that connected Downtown Phoenix to other neighborhoods and cities in the Valley. Independence Day of 1887 heralded the arrival first Southern Pacific train. This opened up the economy of the young city, as goods now flowed in and out by train as opposed to wagon. As Phoenix became the center of commerce in the territory, the capital was moved to Phoenix, with temporary offices being set up in Downtown.

The city of Phoenix’s story begins as people from those settlements expanded south, in conjunction with the establishment of a military outpost to the east of current day Phoenix.

The town of Phoenix was settled in 1867, and incorporated in 1881 as the City of Phoenix. Phoenix served as an agricultural area that depended on large-scale irrigation projects. Until World War II, the economy was based on the “Five C’s”: cotton, citrus and cattle, climate and copper. The city provided retail, wholesale, banking, and governmental services for central Arizona, and was gaining a national reputation among winter tourists. The post-World War Two years saw the city beginning to grow more rapidly, as many men who had trained in the military installations in the valley, returned, bringing their families. The population growth was further stimulated in the 1950’s, in part because of the availability of air conditioning, which made the very hot dry summer heat tolerable, as well as an influx of industry, led by high tech companies. The population growth rate of the Phoenix metro area has been nearly 4% per year for the past 40 years. That growth rate slowed during the Great Recession but the U.S. Census Bureau predicted it would resume as the nation’s economy recovered, and it already has begun to do so. While currently ranked 6th in population, it is predicted that Phoenix will rank 4th by 2020. Currently it the 6th most populous city in the United States.

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Downtown and Central Phoenix Life Becoming a Nationwide Hotspot

DOWNTOWN LIFE

The Downtown Phoenix Condo and Loft Scene

Metro Light Rail, Phoenix, AZ

Metro Light Rail In Downtown Phoenix

The number of high-rises, mid-rises and low-rises being built, restored and renovated have been absolutely BOOMING in Central Phoenix! These buildings are old mixed in with new and provide amenities galore. Downtown Phoenix is the new home of loft traditions where space and creativity have been merging into stylistic, personalized urban expression. Many industrial buildings have been converted into desirable, luxurious, lofts or condominiums for your taking. If a single-family home is not for you but simple living is, (no yard responsibilities, etc.), then you’ve come to the right place. Or maybe you’re an artist looking to live where you work. I have ideas for you.

Here, you will find real-time, live listings of all Downtown, Central and North Phoenix condos for sale, Urban Lofts for sale, Condos in High-Rises for sale, and pretty much any dwelling type that is not a single-family home. Whether you wish to buy, sell, renovate or design a loft or condominium in Phoenix, HistoricPhoenixDistricts.com and Downtown Life has the property and solution for you.

Downtown and Central Phoenix is fun urban living. It is a series of distinct urban and historical phoenix neighborhoods where neighbors know each other and are constantly welcoming new neighbors as the downtown area continues its growth.

Downtown Phoenix and the Central Avenue Corridor has enjoyed tremendous growth since the completion of light rail and ASU opening its Downtown Phoenix Campus.

You can walk for coffee, breakfast, lunch, dinner, drinks and entertainment including the First Friday Art Walk, museums, sporting events, shopping, parks and more. It is a place populated by people seeking a way of life that doesn’t require hours of commuting each day. Many people enjoy driving any one of the many Historic Phoenix Districts just to view the architectural designs of the beautiful homes that encompass Phoenix Historic neighborhoods.

While downtown Phoenix grows, you can and experience urban living at its best. No matter what your taste there are homes that will make you happy. Live in an area full of cultural venues and experience the convenience a downtown residence can provide whether in a modern or historic condominium, historic loft, or a townhome. Come be part of downtown life.

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