Every publication has ratings for “bests”: best places to
retire, best doctors, best restaurants, etc.We recently reviewed a well-researched
ranking of “Best Places to Live in Every State“ by MONEY magazine. Among the
criteria were populations between 10,000 and 100,000. The greatest weight was on economic health,
cost-of-living factors, and public-school performance.
While Paradise Valley, with
only 13,971 people, is ranked the best place to live in Arizona, it was not
because of household income. Realtor.com contributed housing data. Reporters
even checked out neighborhoods and interviewed residents.
See the rankings
by Median Household Income here
and/or Projected Job Growth here.
Since 2001, we’ve been tracking the yearly
appreciation/depreciation of all single-family houses built between 1990 and
1999 which sold between $100,000 and $1,000,000. As below, the 2017 median sale
price for this 17,621-data set increased 5.56% to $285,000.
As compared with 2004 through 2013, median price increases
have been fairly steady since 2015 suggesting that this segment of the market
has stabilized. If the recent pattern continues, median prices should return to
the 2006 high of $302,000 in 2018.
recently released population growth, 2016-2017, by County. As shown on this month’s Map of the Month,
Maricopa County added more population than any other County in the U.S. (mostly
due to net domestic migration).
are the 5 Counties that lost the most population.
Industrial construction and
absorption have been in the news lately. This month we calculated the change in
Industrial Inventory for Metro Phoenix from 1st Quarter 2017 to 1st
Quarter 2018. As shown, the most active CoStar sub-markets were “Central
Phoenix” and “Southwest North of Buckeye Road”.
Under Construction activity
as of 1st Quarter 2018 increasedby almost 2,000,000 square
feet from 1st Quarter 2017 with Goodyear (1,701,700 SF total including
1Q/17) and Tolleson (2,024016 SF including 1Q/17) leading the way.