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Phoenix-area home sales on track for best year ever
Catherine Reagor,
The Republic | azcentral.com
2017 is shaping up to be one of the best years for home sales in metro Phoenix.
Sales aren't higher than the boom year of 2005 when speculators bought a record number of homes, or the bust year of 2011 when investors snapped up a record number of bargain Phoenix-area foreclosure homes. But those years weren't normal and definitely weren't healthy for Phoenix's housing market.
FROM 2016: Metro Phoenix home prices hit post-crash high
"2005 went down in the history books as the year our housing bubble rapidly inflated," said housing expert Tom Ruff of Arizona Regional Multiple Listing Service's The Information Market. "2011 was the year housing prices bottomed out after the housing-market collapse.
"This leaves 2017 as the very best year for Valley resale homes in our history not influenced by some freakish market outlier," said Ruff. Home sales are up 9 percent from last year.
The Valley's top half-years for existing home sales
2005: 54,142
2011: 53,896
2017: 49,181
Regular buyers, including many first-timers, are driving more Phoenix-area home sales this year, and that's a big reason why 2017 is such a better year than the others.
"As rent prices continue to climb, Millennials are feeling compelled to make the jump into homeownership," Living Chandler founder and Revelation Real Estate agent Matthew Coates told me. He also said many new residents coming to the Valley from the Midwest and Northeast for jobs are now buying homes after renting for a year or so.
A growing number of investors, including Canadians who bought houses for less than $100,000 during the crash, are now selling for hefty profits since home values have rebounded. Those houses, now mostly priced below $500,000, are what most current buyers can afford.
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Arizona draws more Baby Boomers than every state
Catherine Reagor,
The Republic | azcentral.com
Sunshine, affordable housing and lower taxes are drawing more Baby Boomers to Arizona. Many in this huge group don't want to retire like their parents but are picking the same state to do it in.
A couple of new rankings show Arizona, and particularly several Valley cities, are the most popular for Baby Boomers to move to after they stop working full time.
Arizona ranked second behind Florida for drawing the most people over 60, according to personal finance firm Smartasset. It analyzed the latest Census data from 2015 and found Arizona grew by 27,576 retirees. It also attributed the state's low property taxes to the trend.
Mesa topped the list for U.S. cities with the most new residents over 60, drawing 3,442.
Phoenix ranked No. 4 with 1,470, Chandler No. 5, with 1,458, Peoria No. 7 with 1,310 and Gilbert No. 8 with 1,002.
Tucson ranked No. 1 and metro Phoenix No. 4 in the nation for the best places to retire, according to apartment researcher Zumper. It analyzed crime, weather, demographics and health-care stats as well as rents for its ranking.
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Arizona State Fair & Coliseum
1826 W. McDowell Road Phoenix, AZ
October 6, 2017 to October 29, 2017
Recurring weekly on Sunday, Wednesday, Thursday, Friday, Saturday
$10 Adults, $5 Children 5-13 & Seniors 55+ (Children under 5 get in free.)
(602) 252-6771
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Ongoing Calendar of Concerts
Event Calendar
Macdonld's Ranch
26540 N. Scottsdale Rd.
Scottsdale, AZ 85255
October 1st, 2017 - October 31st, 2017
Recurring Weekly on Sunday, Monday, Wednesday
Thursday, Friday, Saturday
9:00 AM to 6:00 PM
(480) 585-0239
Tempe Beach Park
80 W Rio Salado Pkwy Tempe, AZ
October 13, 2017 to October 15, 2017
Recurring daily
Friday 5 p.m.-12 a.m.; Saturday 12 p.m.-12 a.m.
Sunday 12 p.m.-6 p.m.
Free
Phone: (480) 350-8181
Holy Trinity Greek Orthodox Cathedral
1973 E. Maryland Ave Phoenix, AZ
October 13, 2017 to October 15, 2017
Recurring daily
5 p.m.-10 p.m. Friday; 11 a.m.-10 p.m.
Saturday; 11 a.m.-8 p.m. Sunday
$3
(602) 264-2791
Arizona Biltmore
2400 East Missouri Avenue Phoenix, AZ
October 14, 2017
8:00 PM to 11:00 PM
$40 general admission; $70 VIP
Stagecoach Village
7100 E. Cave Creek Road Cave Creek, AZ
October 18, 2017 to October 19, 2017
Recurring daily
5:00 PM to 10:00 PM
$10 entry; $2-$5 food or drink ticket purchased the day of the event
Phone: (480) 488-6636
Grand Canyon Railway
1201 W. Route 66 Ste. 200 Flagstaff, AZ
October 7, 2017 to October 29, 2017
Recurring weekly on Sunday, Saturday
11 am, 1 pm and 3 pm train departures
Adult: $26, Children: $21 (ages 2-15)
Phone: 1-800-843-8724
Goodyear Ballpark
1933 S. Ballpark Way Goodyear, AZ
October 21, 2017
5:00 PM to 9:00 PM
Free
(623) 882-3120
Phoenix Zoo
455 N. Galvin Parkway Papago Park Phoenix, AZ
October 27, 2017 to October 28, 2017
Recurring daily
6:00 PM to 10:30 PM
$12.95 general admission (Children 2 and under are free)
(602) 914-4300
Salt River Fields at Talking Stick
7555 North Pima Road Scottsdale, AZ
October 27, 2017 to October 28, 2017
Recurring daily
5:00 PM to 9:30 PM
$15 adults; $10 children 3-12
(480) 270-5000
Tolmachoff Farms
5726 N. 75th Ave Glendale, AZ
October 3 - 15, Oct 17 - 22, Oct 24 - Oct 29, Nov 2 - 5, 2017
October Hours: Closed Monday. Tuesday-Thursday 12 p.m.-8 p.m.
Friday 12 p.m.-11 p.m.; Saturday 10 a.m.-11 p.m.; Sunday 10 a.m.-8 p.m.
November Hours: Closed Monday-Wednesday. Thursday-Friday 12 p.m.-8 p.m.
Saturday 10 a.m.-8 p.m.; Sunday 10 a.m.-5 p.m.
Price: $12 for ages 2 and up
Phone: (602) 999-3276
Rocker 7 Farm Patch
19601 W Broadway Rd. Buckeye, AZ
October 6, 2017 to October 29, 2017
Recurring weekly on Sunday, Friday, Saturday
Friday-Saturday 9 a.m.-6 p.m.; Sunday 11 a.m.-6 p.m.
$9 Friday, $10 Saturday/Sunday, ages 2 and under free
Phone: (928) 415-1568
Carefree Desert Gardens
101 Easy Street Carefree, AZ
October 20, 2017 to October 29, 2017
Recurring daily
10:00 AM to 8:00 PM
Free
Phone: (480) 488-3686
Anthem Community Council Community Park
41703 N. Gavilan Peak Parkway Phoenix, AZ
October 21, 2017 to October 22, 2017
Recurring daily
Saturday 10 a.m.-5 p.m. & Sunday 10 a.m.-4 p.m.
Free
(623) 742-6050
Founders Park
22407 South Ellsworth Road Queen Creek, AZ
November 4, 2017
12:00 PM to 9:00 PM
$8-$65. Kids 12 and under free.
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