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Urban Condo Living In Phoenix Skyscrapers
Phoenix can offer you an exciting urban lifestyle in true sense of the terms. With innumerable restaurants and coffee shops, premium shopping, theaters, attractive night life---Phoenix has everything to make you forget the two words--- stress and monotony. To make it spicier, you can consider living in a high rise condo tower in Phoenix. Hip and hot, high rise Phoenix condos can give you the most convenient lifestyle, the friendly, like-minded community to mingle with and more time to indulge in everything that gives you pleasure.
Today’s Phoenix condos market is replete with diverse inventories. Luxury, loft style, pet friendly, environment friendly, sky scrappers---the market has something for all kinds of buyers. But even twenty years ago, condo was not an important part of the city’s real estate. Phoenix got its first high rise condo in 1990 in form of Crystal Point. The next few years were plagued by loan crisis and the growth of condo market got severely affected. The condo market started to take upturn with the development of Esplanade Place. With generous media coverage, this condo property was able to draw sufficient attention of buyers and sparked off the Phoenix condos boom that lasted for the next five or six years.
During the boom time, Phoenix condos appreciated at an unreasonably higher speed and a bubble burst was only imminent. Last couple of years did not go very well for the market. But since last quarter of 2009, the market started to show the signs of recovery. From January 2009 to December 2009, 262 foreclosed units were sold and the average price per square feet was nearly at $225. The time these units took to sell and their price range were very similar to the trends of pre-boom days of 1995. True that these were only foreclosure sale, but the trend clearly shows that price has started to stabilize to the point, where buyers would be interested in snapping up the properties at a faster pace.
When it comes to buying Phoenix condos, you can choose from a number of vibrant Phoenix neighborhoods. In Camleback corridor, you will find such luxury condos as 2211 Camelback, Esplanade Place and Optima Biltmore.
Downtown and Midtown Phoenix also has a fine collection of condos including the most intriguing Century Plaza High Rise Condos or Hawthorne Condominiums offering easiest access to light rail.
Moving to the North of the city, you can find these newly developed condos as
City North, Desert Ridge and luxury high rises at Kierland Commons.
The market is picking up slowly. Keep your eyes open for finding the most favorable deal in Phoenix condos. A buyer’s agent can help you in your search.
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