To arrive at an "affordable" home price, follow the guidelines of most lenders. Allowed a total debt-to-income ratio of no more than 36 percent. And assume a housing payment-to-income ratio of 28% for a conservative estimate, and 33 percent for an aggressive one. Before buying, however, you should also factor in other savings needs, including retirement and college. ASSUMPTIONS: Assumed a 30-year mortgage term, annual property tax of $2000 and homeowners insurance of $500 for the metro Phoenix area. If you need help, contact me at RooPho Realty and I’d be happy to help.

More Homes for sale in the Phoenix market

There are 40% more homes for sale in the Metro Phoenix market making it a better market for Buyer's than last year.  With interest rates still very low, Buyer's are coming back and still getting good deals.  Home values have increased in the last 18 months but prices have leveled out and don't appear to be going up very fast.

Canterra at Squaw Peak

 Have you heard of Canterra at Squaw Peak?  It's a gated community with 2 and 3 bedroom condos.

Located just West of the 51 on Northern Ave.  Basically it's in the middle of the Valley with easy access to everything.  Just a few miles down the 51 from The Biltmore area and a not much more than 15 minutes to Downtown Phoenix or Sky Harbor Airport.

The condos have open greatroom style floor plans with balcony's that can fit a table for 4.

Many units have great views of Piestewa Peak and mountain preserve land.

All units have a private garage, some are 1 car and others are 2.

There's also a large community pool for cooling off after a warm day or a workout in the community gym. 

Currently prices are from the high $100's to the mid $200's. 


Contact RooPho Realty at 602-224-0554 or Chris@RooPhoRealty.com for more information on this or many other communities throughout the valley.