Real Estate News

Sales of existing homes began the new year strong, with 137 homes sold in January 2020 across NoPho, the I-17 corridor from Norterra to New River. That’s 7 percent higher than the same month last year.

By many measures, including the sheer number of people moving here, the Valley of the Sun (and our little corner of it) is poised for continued upward pressure on both rents and home prices.

Depending on individual finances, investing in a home may result in lower monthly costs than renting. Our simple chart compares some typical rent vs. buy scenarios.

More than a decade into the recovery from the housing bust, sales of existing homes in 2019 continued to be robust as prices rose across the North Valley.

Double-digit increases in existing home sales across suburban areas in the North Valley drove prices ever higher in November. See details for all five zones, from Norterra to New River.

Low inventory and strong sales continue to put upward pressure on prices, as existing home sales rose across all of suburban NoPho, the I-17 corridor from Norterra to New River, including Anthem.

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.

Prices for existing homes sold in June rose in four of five zones across NoPho, the I-17 corridor from Norterra to New River, and price per square foot was up across the board.

Anthem is working with a private landowner to bring a 52-acre parcel of open desert along I-17 under Anthem governance, so that Anthem Community Council can control what’s built there.