Don’t be surprised if your next new neighbor is from California. When people leave the costliest metro areas in the Golden State, Phoenix is one of their most likely destinations, according to a new analysis from Trulia.
And it’s no wonder. In San Francisco, San Jose, Los Angeles and San Diego, the average price of homes on the market in March was $720,000, compared to the average in Phoenix of $279,000. Phoenix is also a popular destination for job-hunters, another recent study found. Yet another analysis shows NoPho—the I-17 corridor from Norterra to New River—is among the most desirable neighborhoods in Phoenix.
Meanwhile, prices have continued to rise—in the West, nationally, and in NoPho, the I-17 corridor from Norterra to New River. Nationwide, home prices are up about 6 percent the past year. The chart below, from Trulia, shows Phoenix is the 3rd most popular destination for those moving from the pricey California coastal cities.
Homes for Sale in North Phoenix
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