The 50 Valley Neighborhoods Most Prized by Homebuyers in 2020

Article originally posted on Phoenix Business Journal on August 13, 2020

Homebuying in metro Phoenix is hotter than ever as extremely low mortgage interest rates are keeping potential homebuyers busy even during the hot summer months.

Within the Valley’s vast 9,224 square miles, there are certain pockets where the action is hottest.

In a study conducted exclusively for the Phoenix Business Journal, Metrostudy identified the hottest neighborhoods for homebuyers around the Valley.

Click on the gallery to see which Valley neighborhoods rank in the top 50 for overall real estate activity through April 30.

The Metrostudy Heat Index determines the “hotness” of each market by changes in average sales price, sale volume and total transaction volume, as well as new home activity and absorption, where applicable.

Find Complete Article Here: https://www.bizjournals.com/phoenix/news/2020/08/08/50-valley-neighborhoods-most-prized-by-homebuyers.html?cx_testId=40&cx_testVariant=cx_9&cx_artPos=0#cxrecs_s

The Metrostudy Heat Index determines the "hotness" of each market in the Valley by a combination of average sales price changes, as well as new home activity and absorptions where applicable.

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