| One of the hottest real estate markets in the last | | | | lifestyle, which often translates into the condo market. |
| couple of years has been condominiums. More than a | | | | These buyers are finding lots of opportunity in the |
| million condominiums are sold in a single year. Of | | | | Phoenix real estate market. The condos that are for |
| course, the market for single family homes is also | | | | sale in Phoenix aren't merely the average "boxy" |
| strong, but the condo market has become a great | | | | condo found in many markets. These homes are |
| alternative to a traditional single family home. | | | | decidedly upscale and are certainly as comfortable as |
| Condos are an affordable alternative for many buyers | | | | most single family homes. |
| that are having a difficult time investing in a single | | | | A standard luxury condo in Phoenix will have: * At |
| family home. But not all condo purchases are made as | | | | least 2,500 square feet * Three or more bedrooms |
| an entry level sale. There are a number of buyers that | | | | with a minimum of two and a half bathrooms * Two or |
| are looking for luxury condos. | | | | three car garage * Interior design details that can be |
| Condo prices have kept pace with housing | | | | modified to fit the buyer's interest * Security systems * |
| appreciation levels of other traditional homes. In some | | | | High-speed data access, multiple phone lines, modular |
| cases, condos are just as expensive as other single | | | | wiring * Use of steel, concrete, and recycled products |
| family homes. So clearly it isn't merely a matter of | | | | * Natural stones and hardwoods, designer ceramic and |
| affordable pricing that is making condos attractive to | | | | clay tiles |
| buyers. It's the convenience of a low maintenance | | | | Owning a luxury condominium gives home owners a |
| home combined with great location. | | | | chance to live in comfort and ease, and there's |
| The American Demographics estimates that home | | | | certainly no better market than the Phoenix home |
| owners aged 55 to 74 will increase by 36 percent | | | | market to find these beautiful condos. |
| through 2015. This aging population is making different | | | | Phoenix is truly an innovative community when it |
| decisions about what type of housing is most | | | | comes to condominium development. You'll find homes |
| appropriate for them, and many are rejecting the | | | | that are perched on golf courses, have spectacular |
| premise of staying in the family home during retirement. | | | | mountain views, or are in the heart of the metropolitan |
| Instead, this very mobile and active generation is | | | | city. Whatever your taste, there is a luxury condo for |
| choosing homes that better accommodate their busy | | | | you in Phoenix. |