Phoenix home values have gone down to much more affordable prices. Some properties that once sold for well over a half a million dollars are now in the $200 and $300 thousand dollar range. Artisan Lofts on Central won awards for the architecture and design and for good reason. The condos all have open floor plans and plenty of window to see great views of downtown Phoenix and surrounding mountains. Each unit on the top floor (4th) have their own private roof top patio and there’s a roof top patio for all home owners with a BBQ and furniture so everyone can entertain guest or just go up and enjoy the view. There’s a Light Rail stop just outside the front door and a wine bar on the street level in the building.
RooPho Realty specializes in Downtown Phoenix while also serving the whole Phoenix Metro area. As a Native Phoenician, Chris Campbell knows the neighbors and their ups and downs. Chris has been specializing in Downtown Phoenix condos since before the big real estate boom of 2004 and 05 and created a relationship with most of the developers giving him an insight on the projects and construction. Chris also kept files on each project with floor plans and original price list. But what you really need is a professional that can negotiate in this market. All the rules have changed from the so called ‘normal’ real estate transaction and now you need someone that understands how the banks are running things. This market is, by definition, a buyers market but don’t let that fool you. The Banks are in control because most of the properties on the market today are either Bank owned or Short Sales and you have to play by their rules. So when deciding on buying a home in this market, make sure you have someone like Chris that understands how the Banks are playing the game.