Summer Housing Trends 2015

The real estate market in Phoenix is ever-changing and growing. This summer is no exception! Chris F. Campbell of RooPho Realty gives his predictions on hot housing for 2015. 

A few new trends have begun to emerge this year, which Chris expects to blossom this summer.  Chris states, “Move-in ready homes and condos in urban areas are popular this summer. Society has been changing.  More people live in cities than rural areas than ever in American history.  Incomes are greater in metro areas than in small towns for the same job.  In addition, young professionals, empty nesters and retirees are wanting more to do within walking distance or via public transportation.”

Another big movement in the real estate market in Phoenix is house flips. “There are some good Fix and Flip homes out there,” Chris says. This idea of acquiring an inexpensive home that needs some work can be a great investment if done correctly. Investors typically look for a structurally sound home as a start, improve them and resell them with a much higher price tag. The projects should be chosen strategically to return the highest profit for the time and cost invested, and work should also reflect the designs and styles of the surrounding neighborhood.

“Buying downtown and midtown continues to be popular in the Phoenix real estate market,” Chris informs. These areas boast great dining and entertainment plus healthy employment statistics. Commuting is a dream and there is great enjoyment to be had in these neighborhoods.

As far as trends go, Chris’ recommendation depends upon your short and long-term goals. “Following the trends is probably a better investment but there will always be plenty of people living in the suburbs with a pool in the backyard. Some groups, such as young families, aren’t moving into urban areas,” Chris observes. “Do what’s right for you and your family. If you are looking for a property to buy and move out of in a few years, following the trends is probably the better investment.” 

Real estate in Phoenix can be complex and challenging to navigate. No matter what real estate strategy you’d like to execute, RooPho Realty is an expert guiding hand. Contact us today to start your search!