Phoenix Real Estate Investment Group

About Phoenix Investor Group

Phoenix Investor Group, LLC helps Arizona homeowners solve their real estate investment problems with innovative Solutions. We buy houses Phoenix Arizona. We provide unique an honest solutions for Phoenix, Arizona investment property owners who have the need to sell fast and also investors who are looking for ways to grow their real estate investment portfolios in order to achieve better returns.

Contact today for more information!

Will Real Estate Investing Solve My Problem

Most people consider investing in real estate as a way to solve an issue or issues in their life. The good news is real estate investing can work for anyone. So, the quick answer to the question is yes, real estate investing is a good way to solve many financial issues.

The bad news is many times a person will not take the necessary steps to ensure success in real estate investing. So, while real estate investing will work for anyone, it will not work for everyone. If you are committed and take the necessary actions your probability of success is very high.

We encourage all new investors to complete AZREIAs FREE Entrepreneurial Self Assessment. This 20 minute exercise will help you determine if real estate investing is right for you. Also, you will understand the type of investing most suited to your personal situation. Based on your results, you may determine to complete Launch Pad.

At AZREIA, we have a path for all people considering real estate investing to follow as a way to get started and determine if real estate investing will work for you. We call it Launch Pad!

Launch Pad is a planning process that when completed provides most new investors with the following:

Phoenix Is Landlord Friendly

If you want to invest in real estate, you typically want to do so in a market where you can quickly evict people who dont pay their rent or damage property. Youll be glad to know that the Phoenix real estate market is among these compared to surrounding states. Arizona, unlike California, allows landlords to serve an unconditional quit notice. If the tenant violates the rental agreement or doesnt pay rent, they can be evicted quickly. Renter-friendly rules like requiring a landlord to return a rental deposit within two weeks are not a burden. Conversely, laws that say you can evict a tenant within ten days for lying on a rental application are a definite plus.

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Phoenix Real Estate Investment: Should You Invest In Phoenix

Should you consider Phoenix real estate investment? Many real estate investors have asked themselves if buying a property in Phoenix is a good investment? You need to drill deeper into local trends if you want to know what the market holds for real estate investors and buyers in 2020. If you are looking to make a profit, you dont want to buy the most expensive property on the Phoenix real estate market and expect to make a good profit on rents. Perhaps you are looking for a slightly different hold-over, an investment property in Phoenix that you might move into or sell at retirement in the future. Either way, knowing your profit potential and purpose is the first thing to consider.

The Growing Phoenix Rental Market

There is always going to be high tenant turnover in student housing markets. The presence of universities also influences local home prices and rents. The capital of any state will be home to its flagship university, and Phoenix is no exception. Phoenix is so large that it doesnt just host the flagship Arizona State University campus in Tempe.

There are secondary campuses in downtown Phoenix, northwest Phoenix, and neighboring Glendale. These schools alone have more than seventy thousand students. The Arizona Summit Law School, Grand Canyon University, and several others are located here. There are easily 100,000 college students renting in the Phoenix housing market. You could invest in large single-family homes or multi-unit buildings to rent to students at any of these campuses.

Phoenix Rental Trends: 36% of the households in Phoenix are renter-occupied while 64% are owner-occupied. The rents are rising and it makes sense to keep your home and rent it out. In some neighborhoods, the average rental home may rent well over $2,500 a month.

As of August 24, 2022, the average rent for a 1-bedroom apartment in Phoenix, AZ is currently $1,450. This is a 21% increase compared to the previous year. Over the past month, the average rent for a studio apartment in Phoenix increased by 6% to $1,250. The average rent for a 1-bedroom apartment increased by 9% to $1,450, and the average rent for a 2-bedroom apartment increased by 2% to $1,705.

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Is Phoenix Housing Market Cooling

Phoenix has been one of the hottest real estate markets in the U.S. The Greater Phoenix housing market was extremely strong last year. It is a metropolitan area, centered in the city of Phoenix, which includes much of the central part of Arizona. The Phoenix real estate market not only recovered after a slump due to COVID-19 but the demand reached new heights.

Phoenix’s housing market is now cooling off, which is excellent news for buyers but not for homeowners. According to Zillow, the average home value in metro Phoenix fell 2.8% from June to July, to $470,800. Despite the decline in July, Phoenix-area homes are still valued about 70% more than they were in July 2019. And, as a result of rising prices and interest rates, the average mortgage payment has more than doubled in that time.

According to Zillow’s home value index, typical property values in Phoenix-Mesa-Scottsdale Metro grew by 22.1% from July 2021 to July 2022, compared to 30% from July 2020 to July 2021, and 9.9% from July 2019 to July 2020. Phoenix-area home prices are forecasted to continue to rise at a slower pace over the next twelve months.

According to CoreLogic HPI, the large cities continued to experience price increases in June, with Phoenix leading the way at 26.1% year over year. Among large metro areas, three recorded monthly price gains of 20% or higher in June: Phoenix , Las Vegas , Miami , and San Diego .

Matt & Nicole’s Story

My wife Nicole and I wanted to thank you for the 4 hours of dedicated time you set aside for us. The Launch Pad program really helped us find out what our interests were, and you experience and guidance helped us figure out how to go about achieving our goals! We always thought the recommendation you gave us was unachievable, but after our meeting we realize that it is!

The Launch Pad program was extremely insightful, and we thank you for your input and explanations! Also, we look forward to all the subgroups you recommended we attend.

Thanks again! I highly recommend the Launch Pad to any new investor!!! Thanks to this program, we shaved probably 3 years off the learning curve and countless hours of frustration.

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Seven Ways Azreia Will Help You

1. Market Information Market knowledge sets you apart from your competition. How you use the knowledge and information will be unique to you and your needs. Valued market information will help you adjust your investing to current market conditions, so you dont miss opportunities. The knowledge you gain from this valuable tool will help you communicate as an expert. It will help you raise money from investors. You will justify pricing and offers based on market trend analysis. The Market Update is invaluable and free to members.

2. Controlling Your Cost & Saving Money AZREIA members have access to exclusive benefits from dozens of our Business Associates and major national companies like The Home Depot where members can qualify for 2% rebate and receive exclusive pricing on paint, cabinets and appliances. AZREIA members on average save over $1000 per year each through our expansive relationships. Experienced members save many thousands of dollars each year.

3. Simplify Your Business Real Estate investing is constantly changing. New processes, new technology, new creative techniques are always coming along. AZREIA will keep you at the forefront of it all.

High Rate Of Appreciation Due To Short Supply

Although Phoenix has experienced consistent population growth, the housing market has not grown at the same rate. An Up for Growth study found that between 2000 and 2015 Arizona underproduced 505,134 housing units. This underproduction has caused a housing shortage in Phoenix. For example, in the last 30 years Phoenix produced approximately 220,000 new housing units, however, the population has grown by 820,000 people. Phoenixs housing production has not kept pace with population growth.

This underproduction was magnified when construction virtually shut down during the recession of 2008. Since that time, construction has slowly increased but has not reached the level of production achieved before the recession. The current shortages of housing supply, relative to demand, are a primary reason housing costs are increasing. A significant increase in housing supply is necessary to keep pace with current and projected housing demand.

Highest Appreciating Phoenix Neighborhoods Since 2000

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Are House Prices Going Down In Phoenix

According to Redfin, the Phoenix housing market is very competitive.

• In July 2022, Phoenix home prices were up 11.6% compared to last year, selling for a median price of $441K.
• On average, homes in Phoenix sell after 32 days on the market compared to 25 days last year.
• There were 1,602 homes sold in July this year, down from 2,415 last year.
• About thirty percent of homes were sold above their original asking prices, which is 25.7% less when compared to last year.
• About 30.7% of the listed homes were sold with price drops.
• The sale-to-list-price ratio was 98.9%.
• The average homes sell for around the list price and go under contract in around 28 days.
• Hot listings can sell for about 3% above the list price and go pending in around just 11 days.

Phoenix is the seat of Maricopa County and the largest city in the state. In July 2022, the median list price of homes in Maricopa County was $525K, trending up 19.3% year-over-year . The median listing price per square foot was $289. The median sale price was $477K. It is a seller’s market with a Sale-to-List Price Ratio of 100%. There’s more demand for homes than there is supply, and it’s what we see in most housing markets today.

Suburban Development In Phoenix

Residential properties in the city suburbs are a lucrative option for investors. The city has been expanding with young professionals tending to want to live close to work, and some of these young professionals prefer to rent.

Cheaper real estate options are also available in the suburban and metropolitan areas of Phoenix. There are a number of fast-growing suburbs that investors can target where home prices are favourable. Chandler and Mesa to the southeast of Phoenix have experienced a burst in population over the years.

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Experts In Real Estate

At HomeQwik, we not only buy, sell, and manage real property, but we also invest and own rentals ourselves. Our team has been immersed in the local Phoenix market for the last 12 years, and we proudly boast about our clients measured successes. We have proven portfolios under management today, from investors who have used our services to help them earn outstanding profits. With an experienced team of professional Realtors and Property Managers backing up your purchase, you can rest assured that our agents will help you find properties that perform!

Ive been a satisfied customer for a few years. I respect their advice, and Id recommend them to an owner considering a property management company. They take most of the stress out of being a landlord. They were very quick to find tenants when my property was vacant. The transitions between tenants has been very smooth.

-Tom B

OUR AFFILIATIONS

Areas We Serve

Since 2013, HomeQwik has served property owners and investors by providing expertise in the areas of residential property management, property leasing, and real estate sales. HomeQwik has managed privately owned single family homes, town-homes, condos and apartment complexes throughout the greater Phoenix area, which covers:

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How We Help People

Phoenix Real Estate Investing provides real estate solutions to investors, sellers, buyers by helping acquire or sell property, Real Estate Education and mentoring for new and experienced investors, speak at public events, and provide project management for real estate ventures contact us today if you would like us to be a part of your event.

Neighborhoods Like New River Cave Creek Carefree And Scottsdale Have Surging Property Values

New growth areas like Surprise, Avondale, and Gilbert bring comfort and affordability with new-build style and family friendly neighborhoods.

Cities like Paradise Valley and Scottsdale have consistently led the nation in appreciation rates, and continue to draw desire from upper-class buyers in all corners of the country. Not only can you find a great value on price for a new family home, you can also find luxury at a discount or a wonderful vacation-style property. The Greater Metro-Phoenix boasts every type of property, and in every price rangeyou need to buy here, but you need the right experts to assist you!

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Phoenix Housing Market Forecast 2022 & 2023

What could be the Phoenix real estate market predictions for 2022 to 2023? Phoenix is the 5th largest city in the country and continues to grow. New residents are drawn to Phoenix by its strong economy, relatively low cost of living, high quality of life, economic opportunity, and cultural attractions. Since 2000, Phoenixs population has grown by 20% to include approximately 555,013 households and 1.6 million people.

It is the biggest city in Arizona and the states capital. It is a minimally walkable city in Maricopa County with a population of approximately 1,442,530 people. However, Phoenix itself is massive. It is the only state capital with more than a million people. It is the fifth-largest city in the country. The Phoenix housing market is much larger than Phoenix itself it encompasses the entire Valley of the Sun, Phoenixs sprawling suburbs that are home to another five million people. That makes the Phoenix metro area the twelfth largest in the country.

The favorable living conditions have, furthermore, comforted real estate investors and buyers to invest in Arizona real estate market. The Phoenix housing market was a headline in the news a decade ago when the housing crisis of 2007 and 2008 caused home values here to fall by as much as half. The slow recovery of the national housing market has taken a decade.

Phoenixs Premiere Real Estate Company

With over 20+ years of successful experience, The NOMA group provides specialized knowledge in Phoenix real estate. The NOMA Group provides unparalleled experience to home buyers, real estate investors, and current owners seeking professional property management in the Greater Phoenix Metro Area. Located in Scottsdale, AZ, we are a local company that has weathered the complex Arizona housing market during multiple cycles. If you are looking for a one stop shop for Phoenix and Scottsdale Real Estate Services, look no further. We have experienced Phoenix Real Estate Agents, that will guide you to the correct investment, and a full scope Property Management Service to maintain your investment. We also service and have knowledge of the entire Phoenix Metro area. Including cities of Chandler, Mesa, Gilbert, Phoenix, Laveen, Scottsdale, Tempe and encompassing areas.

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The Massive Snowbird Market

The snowbird movement is somewhat different than the conventional tourist market. Arizona has long attracted retirees who couldnt afford Florida or wanted a cleaner, allergy-free air that never included storm clouds. Quartzite, Arizona in particular draws two million snowbirds and tourists. The city stands out for its sixty-plus RV parks. An estimated 300,000 people stay all winter before returning home. Some own second homes in Arizona communities restricted to active adults, while others stay in trailer parks. This creates an unusually diverse opportunity for those considering investing in the Phoenix real estate market.

Phoenix Housing Market Report For July 2022

According to the Arizona Regional Multiple Listing Service, Phoenix home price peaked in June and is currently in decline. Looking ahead to August, the ARMLS Pending Price Index is projecting a median sales price of $444,900. If Augusts median sales price projection is correct, we will see a year-over-year gain of 9.85%.

• ARMLS reported 5,962 home closings in July of this year.
• This is the second lowest total ever reported in July.
• In July 2007, there were only 4,730 sales reported.
• The average sales price fell 7.4% month over month, from $590,800 to $546,800
• The median sales price fell 4.5% month over month, from $475,000 to $453,500

It would take about 3.48 months for the current inventory of homes on the Phoenix housing market to sell given the current sales pace. It refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace. Historically, six months of supply is associated with moderate price appreciation, and a lower level of months supply tends to push prices up more rapidly. Given the increase in the supply of homes, it expected to become well be a balanced market by September.

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