I found the following quote by Franklin D. Roosevelt, “There are as many opinions as there are experts.” Speculating on real estate trends is a favorite past time for anyone, especially as of late. It is easy to get caught up in the broad “one size fits all” real estate commentaries, so read on to see what’s really happening with Phoenix area real estate. To truly understand, it is always best to look at the data and identify trends.
Let’s face it, it can be nearly an impossible task to live in Arizona and not grave the relief that a private pool in your backyard can offer. When it’s 110 degrees outside, you will be convinced it is a must-have. Even when your Phoenix home is a second or vacation home used mainly during the winter months, pools are an attractive addition to any backyard. But there may be reasons why you should forgo that luxury and let your community HOA manage that responsibility.
This gated community of patio homes features 67 home sites where 70% of the homes are lakefront with western facing backyards and patios that enjoy the scenic Arizona sunsets. Built between 1979 – 1988, these luxury lake community properties range in size from 1800 – over 3,400 sq.ft. Village on the Lakes is just miles from the historic Arizona Biltmore hotel, the Biltmore Fashion Park and other high end amenities in the Biltmore District.