Investor Home & Condo Sales In Greater Phoenix
December 12, 2008
November 2008 investor sales in Greater Phoenix and an average since 2003.
Attractive pricing of lender owned homes in Phoenix and real estate in general have not only spurred the interest of first time home buyers and move up buyers but investors as well. It really is a playground out there, especially for buyers with access to financing and/or cash.
Sales to investors, in particular have increased over the last few month. In September 2008, 8.4 of all home sales were to investor: 11.1% in October and 13% in November.
Here is a breakdown of investor sales by select cities. If you want data for a particular city not listed below just send over and email via our contact us form.
November 2008 | Since 2003 | |
Phoenix | 21% | 14.8% |
Paradise Valley | 15.4% | 12.1% |
Sun City | 15.3% | 7.8% |
Glendale | 15.2% | 16.7% |
Avondale | 14.1% | 12.2% |
Tempe | 12.8% | 16.7% |
Scottsdale | 12.3% | 12.5% |
Surprise | 6.7% | 8.2% |
(Data Crunched by The Cromford Report)
The chart above includes single family homes and condos recorded with Maricopa County so they include data not only from the ARMLS.
Note that in most cities the percentage of sales to investors in the previous month is higher then the average over the last 5 years. In Phoenix 1 in 5 homes is sold for purposes other then owner occupancy.
So what are investors buying real estate for? Most are buying for a long term hold but some are buying for fix and flip.
While small multifamily homes are not included in the data above these are seeing lots of interest as well and will no doubt do well into the future.
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 | Phoenix Real Estate Market Trends Overview | Housing Market |
| Current and Historic graphs of the real estate market in Greater Phoenix |
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| Mult-family home investments in Phoenix, AZ |
| apartment investing blog. |
| http://www.ArizonaApartmentInvestor.com |
