New to the forum here. How is the Phoenix/Scottdale market for investing? Specifically SFR properties. Have property prices cooled off, or is it still overpriced in your opinion?
Real Estate Agent · Phoenix, AZ · Member since 2015 · 36 posts · 20 votes
2y
Hey Gihan, The YoY appreciation has cooled, but prices have remained fairly stable. The supply has remained limited throughout 2023 and diminished slightly in the last couple of months. Maricopa County is still a leader nation wide for population growth. There is quite a bit of expected job growth as several Tech-Manufacturing companies build facilities in the valley. Cash-Flow is certainly feasible, but Fix and Flip has been running steady (from my perspective). Through 2023, flips of good quality continue to move, but often with longer days on market as compared to years prior.
Hope this helps.
Feel free to reach out if you like to further discuss SFR investing in the PHOENIX major metro area.