NoPho Real Estate Watch

If you’re looking for a house, condo or apartment in NoPho — the North Phoenix I-17 corridor between Norterra and New River — you’ve found the best site to begin your journey. We’ve done extensive research to provide exclusive, detailed, independent information on the region’s neighborhoods, schools, services and attractions, not to mention the wonderful climate — everything you need know about the North Phoenix real estate market and make a smart decision on your next home.

This exclusive report on NoPho real estate trends and statistics is provided in cooperation with In&Out Magazine and is updated monthly. Click links below for exclusive analysis of each NoPho zone (zone map below), or see general information about NoPho below, or hop straight to the latest real estate data for the entire area:

Lack of homes for sale contributed to lower numbers of sales in Anthem and the Tramonto/Sonoran Foothills areas in September, while continuing to put upward pressure on prices in most zones of NoPho, the I-17 corridor from Norterra to New River.

Inventory of existing homes for sale remains extremely low across the region, while buyer demand remains high. Sales, represented by closings, tend to peak in spring and summer and tail off in fall and winter. With so few homes on the market, the total number of existing homes sold in September across NoPho fell to 140, which is 30 percent lower than August and 11 percent below last September. 

The tight local market contrasts significantly with the nationwide 4.1-month supply of existing homes for sale. The median sales price nationally was $278,200 in August, the most recent month reported.

Get Details on Each Zone

See Definitions of Terms below.

2018: Year in Review

Total existing home sales for 2018 were down 2.2 percent to 1,869, compared to 1,911 in 2017, across NoPho, the I-17 corridor from Norterra to New River. However, the still-robust sales drove down inventory across all five zones, and average sales prices and price per square foot both trended upward across all zones (see “Details on Each Zone” below).

Monthly Real Estate Watch: December 2018

The market remained busy in December, with 127 total NoPho sales, up from 122 the previous December.

The local market’s resilience is in stark contrast to the national picture. Year-over-year U.S. existing-home sales fell 7 percent in November, the most recent month reported, while sales dropped 15.4 percent in the West. Early indications (pending home sales) suggest December would remain soft nationwide.

A analysis by Trulia in November predicted the hot housing markets in Silicon Valley and other Western coastal cities will cool in 2019, but Phoenix will remain a hot spot due to growth in jobs and population and comparably affordable home prices. It’s too early to know if things will in fact unfold that way, but date released since that prediction aligns with it. Robert Roy Britt

2017 Year-End Overview

total nopho homes sold in 2017 by zone

Average prices for existing homes in North Phoenix ended 2017 higher than the year prior across four of the five NoPho zones, reflecting a nationwide trend of rising prices. The price per square foot was higher in all five zones. 

north phoenix real estate zones

About This Data

Real estate sales data is from the Arizona Regional Multiple Listing Service and, while not guaranteed, is believed to be accurate.

Average Price of Homes Sold can be skewed by the sale of a single home that is priced well above or below other homes that have sold.

Pricing per Square Foot of any individual house can vary greatly depending on many factors, including location, upgrades and condition of the property.

Sales Activity represents the number of homes that have closed escrow in the given time period.

Inventory represents the number of months it would take to sell all the homes currently listed based on average rate of sales during the previous 6 months, and presuming no additional homes are listed. Less than 6 months is considered a “seller’s market.” As inventory goes down, look for prices to move up. More than 6 months is considered a “buyer’s market.” As inventory goes up, prices will trend down.

tramonto mountain view
Many homes in North Phoenix, like those on this street in Tramonto, are near or next to desert and mountain preserves, offering solitude and stunning views. Photos by In&Out Publications.

Information Guides

  • Interactive North Phoenix Map: Find all neighborhoods, schools, shopping centers, places to hike, libraries, hospitals and more.
  • Real Estate News: New and soon-to-come subdivisions and retail centers, plus the latest on the housing market.

About NoPho

NoPho is a specific area within North Phoenix along I-17 [see NoPho Definition and map]. It is a great place to live, work and play. The commute is easy to Scottsdale, Glendale and Central Phoenix. Yet being on the northern fringe of the metro area, its a short hop to Prescott, Sedona and Flagstaff.

And there’s plenty to do right here. There are several mountain preserves in the region, all just a few minutes drive from any NoPho neighborhood, offering endless miles of hiking, biking and horseback riding. Lake Pleasant, just 20 minutes from the intersection of I-17 and the Carefree Highway, has two marinas from which you can sail, ski, kayak, fish, or do whatever it is the kids do these days.

Speaking of kids: You’ll be hard-pressed to find an area with more choices in schools, including some that tout top scores on statewide tests. School Information Guide >>>

You may also need to find nearby supermarkets and shopping centers, or get information on the local utilities.

Looking for a home? You’ll find gated and non-gated communities, humble one-story abodes, huge two-story houses, chic patio homes with an urban flair, low-maintenance condos, and sprawling desert territorials. You’ll find numerous neighborhoods with homes that have stunning desert and mountain views. Want a pool? There are lots of them. Looking for tennis, golf, hiking trails or other community amenities? We’ll arm you with that information. Neighborhood Information Guide >>>

You’ll find these guides in the main menu at the top of every page, along with the link to our News section, where we report on new businesses, real estate developments and community and school news.

If you don’t find what you’re looking for, or have a question or comment, please let us know.

Meanwhile, some images of the places we call home:

daisy mountain
Daisy Mountain, undeveloped and gorgeous at sunset, is a visual anchor for the Anthem area.
Throughout the region, you’ll fine single-story and two-story homes, including a significant amount of new construction, like these homes in Stoneledge.
24 north
The detached patio homes at 24 North bring a distinct urban vibe to North Phoenix.
Check out a community’s homeowner association (HOA) rules before you buy a home. Some HOAs limit the types of plants and trees to native desert flora. Others, like Valley Vista, invite palm trees.
desert village condos
Several North Phoenix communities offer the choice of single-family homes, compact patio homes or a yard-maintenance-free condos like these at Desert Village.
tramonto tennis courts
Many North Phoenix communities have shared amenities ranging from pools and parks to tennis courts. In Tramonto, some of those features are tucked away in amazing settings.

Robert Roy Britt
NoPho resident Robert Roy Britt has written for In&Out publications since its inception in 2005. Britt began his journalism career in New Jersey newspapers in the early 1990s. He later became a science writer and was editor-in-chief of the online media sites and Live Science. He has written four novels. Email the author.
Robert Roy Britt on Email

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Prickett Realty, serving Anthem & North Phoenix