Phoenix Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. 

July 27, 2018

Phoenix Rents Soar In Booming Economy

If there was ever a time to buy Real Estate in Phoenix, Arizona it's now. The greater Phoenix area just experienced the second highest increase in single family rental prices in the entire country. Rental prices have had a 5.5% hike for the last year-over-year according to data released in April 2018 by CoreLogic Inc.


Rental Growth

Phoenix has been a popular destination for many years but with the booming economy and job growth it is poised to explode to an even greater level. Phoenix is experiencing high year-over-year rental increases due to the employment growth of a whopping 3.2% while the national employment growth according to the Bureau of Labor Statistics is just 1.6%.


Why Phoenix is Growing

There are several reasons why employers are flocking to Phoenix, Arizona. Here are the six main reasons that top the charts:

Low State income tax

Large Airport (with many airline main hubs)


Fast moving freeway systems that tie the city together

Large employment pool from which to draw

Great weather


Why invest in Real Estate in Phoenix?

Phoenix has been a retirement destination and a snowbird retreat for many decades. However in this modern age of technology companies are learning that Phoenix is "the place" to headquarter their businesses. With Amazon, Intel, Apple and many more companies branching out into Phoenix, it's fast becoming the new "Silicon Valley". Add to that the "Baby Boomer" generation now retiring and heading south to warner climates - it perfectly poises Phoenix to top the charts in growth. NOW is the time if ever there was one to invest in Phoenix, either buying a primary residence as opposed to rent or invest in a rental income that can provide a lifetime of income. 


Jan. 19, 2018

Explore Village On The Lakes In Phoenix

Village on the Lakes is a community located in the Biltmore area of central Phoenix. Due to its natural location, homes within the community enjoy the benefit of having a waterfront view. When combined with luxurious apartment amenities, these homes become irresistible deals.

Privacy in a luxury home

These homes are built in a largely undisturbed neighborhood. That translates to lots of privacy for home owners. You can enjoy your home without having to worry about noises that typically come attached with any city apartment. Mediate or read in peace and quiet. The surrounding water and lush greenery will help support any restorative activities that you engage in.

Beautiful landscaping

From afar, the homes look mysterious in a most inviting manner. The houses are surrounded by greenery and private swimming pools. The front yards are spacious, with a walk way that guides you right into the interior of the house.

More to see inside

Once you are inside the house, it's almost as if you have entered another dimension. These are luxury homes. So a lot of attention and effort has gone into every detail when design the houses. On entering the house, your mind may be momentarily tricked into believing that you have just walked into a luxurious hotel. Marbled flooring, high ceiling, and a couple of cozy sofa seats right next to the fireplace. You feel you can just sit down to rest your tired legs and someone would just appear behind you to serve you cool thirst quenching drinks.

Before letting your imagination run wild though, there is more to see. There are rooms to explore, kitchens to visit, and pools to view. Quite often, each room will be uniquely decorated. Many of these luxury homes spot resort style designs. You will find outdoor areas fully equipped with BBQ equipment. By the poolside, there are wicker chairs, sheltered by standing umbrellas.

These are just some examples of what to expect if you are to walk into a home for viewing purposes.

Living in the neighborhood

Some home owners may argue that in order to live in privacy, convenience will have to be sacrificed. That is not necessarily true. In this case, privacy is achieved by having houses that are well spaced out. The community is not really located in isolated areas, far from the civilization. In fact, you may even be able to go shopping, dining or watch a quick movie without having to drive! If you fancy golf, a golf course is also nearby. If you travel a lot, you may be pleased to learn that the airport is only a short 12 minutes away.

Viewing opportunities

Sounds too good to be true? Waterfront views, greenery, privacy, luxury living, great amenities nearby - all packed into one attractive combo. This is why properties that go on sale in this community gets snapped up very quickly.

You may think that such luxurious homes easily cost over $1 million. However, great buying opportunities do surface every now and then. As of writing, there is a property for sale that is listed at only $650k. So do arrange for viewing with the realtor to avoid disappointment!

Dec. 28, 2017

Find the Action on Phoenix Property

Challenge awaits on Phoenix property at Epic Escape Game. The latest in thrilling entertainment, players indulge in suspenseful situations while competing against the clock. Teamwork is paramount to success and groups  work together for the good of the whole. Thinking caps must be in rare form as the mental tests are very real. A variety of rooms present trials ranging in difficulty levels from easy to extreme.

Perfect for beginner gamers, Top Dog presents a scenario of a kidnapped pooch. Sydney is the frontrunner for the National Dog Show. The competition has lured the pup away from the stage by throwing her a bone. Before the  show begins she must be found and brought back with tail wagging. Another theft has occurred close by at the Whimsical Library. A bit more difficult to decipher, the Book of Fun has been lifted. Without it the institute will have to close permanently. Those seeking insight seek out their fortunes on this Phoenix property. Madame Zorra is the Fortune Teller but has her own secrets to hide.

Save the Day on Phoenix Real Estate

The challenge level rises in Rogue Agent. In this plot the safety of the President and his international colleagues is at stake. Hidden by a rogue agent a powerful bomb is set to blow the group to smithereens. Time is running out to locate and neutralize the device before all is lost. Epic Escape Game’s most intimidating room is Blood Thirst. Ranked with a degree of difficulty of very challenging less than one-fourth of teams succeed. As darkness battles light, a group of vampire hunters lead the chase. Reckless and overconfident the hunters find themselves trapped inside Dracula’s lair. How will it all end?

Located on Phoenix real estate at 844 N. 4th Avenue, Epic Escape Games asks patrons to arrive a bit early. Time is of the essence and the game starts promptly as scheduled. Book now and play later.


Posted in News
Dec. 28, 2017

Explore the Depths of the Ocean on Scottsdale Property

Scottsdale property is filled with sea creatures both great and small. The OdySea Aquarium brings the wonders of the ocean to the desert landscape. An award winning family entertainment institute, the aquarium boasts quality exhibits, special events and hands on activities. Different in size, shape and color aquatic animals thrive in their Scottsdale home.

The Aqua Lobby greets guests in a big way. Larger than life spherical aquariums suspend down from the ceiling and burst with colorful aquatic life. In the Rivers of the World exhibit all kinds of animals that live in the waters and along the shoreline are showcased. By eating smaller species of fish largemouth bass play a key role in population control. Many are curious to see piranha as their reputation for aggressiveness has reached far and wide. Similar in appearance but of a gentler nature the black pacu sometimes are mistook for piranha. Hands get wet in the Touch Pools. This part of the Phoenix property is meant for delving deep and exploring textures by touch. Kids of all ages can feel the difference between sea stars and whip rays.

Aquatic Animals Call Scottsdale Home

African black-footed penguins delight audiences with their antics at Penguin Point. Flourishing in a warm environment these charismatic little birds encourage laughter as they flop about on land and whisk through the waters in their very own enclosure. Asian small-clawed otters earn their own chuckles nearby and for all the same reasons. These cute critters scamper around on the land and neatly swim within the water in The Otter Banks. As the ocean depths increase so does the mystery surrounding its inhabitants. Sharks of the Deep mesmerize those in its midst. Journey through on the Deep Ocean Escalator surrounded on all sides by the aquarium. Eight impressive species of shark coexist here alongside rays and sea turtles. A favorite place to dwell many spend time marveling at all these wonderful creatures. Sneak a peek at the live shark cam here.

Open every day of the year it’s easy to plan a day trip to the OdySea Museum. Hours vary and can be found online. Plan ahead on what to see first by viewing a map of the grounds beforehand and checking the calendar for shows and Q&A sessions.


Posted in News
Dec. 28, 2017

Indulge on Phoenix Real Estate

Relive the elegance and sophistication of the past on Phoenix real estate. Eager guests are welcomed into the graceful beauty of the Wrigley Mansion for decadent dining experiences, tours and viewing the scenery. Located high on a hilltop icon William Wrigley Jr. had the home build for his wife as an anniversary present in 1929. During its heyday the mansion was once the highlight of the town and the scene for spectacular parties and social events. Guided tours are led by expert docents who impart intimate information. While exploring it is easy to imagine the glamorous lifestyle lived by the home’s occupants. Today social events still occur on the grounds. Ambiance is enhanced by one of a kind views of the city below. Couple in love often choose this site as the ideal place to start off their lives together as husband and wife. Wedding coordinators work magic into all the tiny details making for a truly spectacular event.

Cheers Ring Out on Phoenix Property

Pampering is the name of the game on this piece of Phoenix real estate. At the Wrigley Mansion guests are treated to a wealth of luxury. Fine dining at Geordie’s Steakhouse turns everyday dates into momentous occasions and special moments into extraordinary times. Conversations bubble over in Jamie's Wine Bar. Over 25 varieties of wine are served by the glass and upwards of 800 blends available by the bottle. Plush seating underneath the sparkle of opulent chandeliers creates an upscale atmosphere. A small menu is specifically designed for pairing with fine wines. For those feeling the pull of a heartier appetite selections from the full Geordie’s menu is also available. Regulars flock in for daily happy hour deals from 3 to 6 p.m., and all day on Wednesdays. Once the library in this glorious Phoenix property first edition books fill the shelves keeping in line with the history of the room.

The Wrigley Mansion is definitely a sight to behold. Reflective of the past it is enjoyed by the present and preserved for the future. Although open to everyone memberships add additional amenities at a nominal cost. More information can be obtained by calling 602.955.4079.


Posted in News
Nov. 27, 2017

Incredible VIEW Lot For Sale | Paradise Valley, Arizona

Posted by Russ Lyon Sotheby's International Realty on Monday, November 27th, 2017 at 10:46am.

A rare opportunity to purchase a 1.01 acre incredible VIEW lot in Paradise Hills Estates in Paradise Valley, Arizona for $824,999. This spectacular lot with a gently slope provides impressive and unobstructed views of Camelback and Mummy Mountains. You can jump start the building process and save 5 months of work by purchasing the recent reports and surveys (including plans for a contemporary 5,000-8,300 sf home with 7 car garage) for the total purchase price of $975,000.

Paradise Valley Estates is a highly sought after multi-million dollar community with custom estates, winding streets and no HOA. This homesite is conveniently located near shopping, dining, highly accredited schools and Paradise Valley Country Club. Offered by the Private Client Group at Russ Lyon Sotheby's International Realty - 6854 N Hillsdale Dr 52, Paradise Valley, Arizona.


Nov. 8, 2017

Not on Zillow or RMLS! - 1 Acre N. Scottsdale Home $995,000

Be the first to see this immaculate one owner home in N. Scottsdale near Desert Mountain located on 1.1 acres.  This 3,351 sq.ft. home offers 3 bedrooms/Den, 4 bathroom, open living concept, private pool/spa and sweeping mountain/territorial views. Meticulously maintained and updated by the original owners this one story home with an epoxied floor 3 car garage is priced to sell at $995,000. 

Privacy abounds with this North Scottsdale retreat with a private courtyard entrance. The sound of the flowing waterfall in the backyard oasis makes for a delightful sound as you gaze into the peaceful Sonoran desert landscape. The home has large picture windows that bring the outside nature in and the spacious home has high beamed ceilings and wide hallways. A floor plan of this open concept home is provided below.  Home will be live on RMLS Friday, December 1st and available for viewing. Listed exclusively with Russ Lyon Sotheby's International Realty - Private Client Group.

July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates
March 25, 2015

The Boulders In Scottsdale Offers Premium Lifestyle

The Boulders homes are found in the High Sonoran Desert area of North Scottsdale, Arizona. If you are seeking a private, exclusive, and luxurious lifestyle, the Boulders homes may just be what you are looking for. These homes are located in the Desert area and they are surrounded by appealing mountain scenery. When done skilfully, the house blends in with the surrounding rocks. The entire house looks like a mystical and romantic dwelling situated in the mountains.

Many of these exotic homes are exquisitely designed. First of all, the location is hand picked. Being in the mountain area, the location is very important. We don't want the houses to be exposed to harsh weather all year round. This will speed up the wear and tear of the property and brings down its value. For this reason, houses are usually situated in the shade. They are protected by the natural environment. The huge stones and lush greenery in the mountains serve as natural protectors against harsh sunlight and wind.

Since these are premium houses, you can expect the interiors of the homes to be of exceptional quality as well. Designers take extra care to ensure that stunning views are not unblocked with large transparent windows. Ceilings are high to give the appearance of class and spaciousness. Quality materials are chosen for all furniture and fittings to ensure that they last for a long time to come. Of course, all homes are equipped with well designed fireplaces, which provides warm and cozy spaces for family members to have a good time together. Fancy a game of Monopoly? Let's head to the fireplace!

After a long day battling the financial markets at the computer, you may wish to join some friends at the local golf club for a drink. Alternatively, you may wish to get a relaxing massage at the health spa. Keep your body healthy and your mind sharp to gear up for tons of golfing fun over the weekend with your golf buddies.

When the weekend arrives, drop everything and head out to the Boulders Golf Club for a game of golf. Compete at a world class, 18-hole championship course. If golf is not your cup of tea, you can opt to play tennis or go horseback riding. Alternatively, you can spend the afternoon relaxing at one of the four swimming pools at the Club. If the weather does not permit outdoor activities, simply head to the private gym. Fire up the cardio machine, wear your favorite earphones and start up your best tracks. After just a short 20 minutes workout, you swear that look slimmer!

The Golf Club is well equipped with amenities. You can spend the entire day at the Club and not get bored. After a long tiring day playing golf, you can always enjoy a sumptuous meal at one of the seven restaurants.

If the above lifestyle sounds appealing to you, simply check out the homes available for sale at The Boulders. Your dream house and lifestyle may just be waiting for you.

Posted in News
March 2, 2015

Active Adult Golf Communities in Phoenix

Posted by Bart Mruz on Monday, March 2nd, 2015 at 5:53am.

There are no lack of active adult golf communities in the Phoenix area. In total, there are over a hundred golf communities. Half is located in East Valley, while the other half is located in West Valley. If you are looking for a golf community that is built specially for adults, luck is in your favor. As a home buyer, you are spoilt for choice. Here are a few important factors to consider when buying a home in an adult golf community.

Privacy and exclusivity.There are many homes that are located in exclusive areas. One obvious benefit of staying in an private home is that the home owner gets to enjoy peace and quiet. Many home owners looking to stay in adult golf communities are actually looking forward to living a semi-retied lifestyle. In other words, they would like a lifestyle that is free from the usual hustle and bustle that we commonly experience in the city.

Natural landscape.The homes are surrounded by natural lush greenery. Some houses are situated on slightly elevated ground, which allows the owner to enjoy fantastic scenery. The environment helps the mind to relax and life is slowed to a leisurely pace. It is quite possible that the natural landscape allows renowned course designers to create some of the best golf courses in the world. Avid golfers can look forward to enjoyable days of golfing that stretch into the night.

Wide variety of choice. There are no lack of houses for sale within these adult golf communities. Your ideal house depends on your own desires. What type of house do you think will suit your desired lifestyle? Some home owners prefer a larger house as they intend to host parties for their golf buddies in their abode. Others would prefer a smaller house that is easier to maintain.

Contrary to popular belief, one does not need to fork out millions of dollars for a house within a golf community. Of course, for those with the budget, there are luxury units available in the market that cost over a million dollars. However, these homes are not for everyone. Chances are, most home owners will buy a house that falls between the USD400k to USD500k range. Even at this affordable price range, there are many options available. These are mostly 3 bedroom units that come with private swimming pools. They come with well maintained furnishing and spot contemporary designs. With 3 rooms available, 1 room can be used as the exercise room. Get some gym equipment and you have your own private gym right in your home! On days that you don't feel like golfing, you can always stay indoors and strengthen your core muscles (crucial to improving your golf swing).

Check out houses that are available for sale on the Internet. Shortlist a few units and then contact a qualified realtor to arrange viewing appointments. You can be living in an adult golf community in a few weeks' time!