Knock began offering our Home Trade-in program in Phoenix, Arizona earlier this month. As Knock’s sixth market, Phoenix is our first city in the Western half of the United States, expanding the reach of our Home Trade-In Program to help more people achieve their dream of living in Phoenix.
Favorable year-round weather, a growing technology hub, a hot real estate market…the list goes on! The fifth-largest city in the U.S., Phoenix is famous for its desert-like atmosphere, up and coming dining scene, and booming metropolitan vibe.
Known as the Valley of the Sun (for obvious reasons), Phoenix serves as the hub for surrounding cities and towns that include Chandler, Glendale, Scottsdale and Tempe. The capital is just 3.4 hours south of the Grand Canyon, a 1.5 hour flight to Los Angeles, and a 1 hour flight to Las Vegas. But, with an abundance of arts, culture, and history, there’s really no reason to want to leave.
There are also plenty of opportunities to find your dream job. Phoenix is home to Fortune 500 companies like Freeport-McMoRan, Avnet, Republic Services, and Insight Enterprises. Tourism and construction are also thriving industries throughout the area; not to mention, 76,900 jobs were added in Phoenix in December alone. It comes as no surprise then that Phoenix is the third most popular city for in-migration from other areas of the country. The region is expected to grow by nearly 60% by 2030, bringing the population to more than 6 million people!
The Real Estate Market
Of course, increased population also means increased competition for homes. When you hear about Phoenix being hot, people don’t just mean the weather. Naturally, with more people moving into the area, the real estate market is heating up. As larger coastal metros become increasingly too overpriced, people are weighing their options and considering a move to a less expensive, yet still bustling city like Phoenix.
So, just how much does living in Phoenix cost? The median home sale price is currently around $260,000, above the national average of $223,900 and making it more of a seller’s market. Still, the Valley of the Sun is on the top 20 list of most affordable big cities in the U.S. (although its position has dropped in recent years.)
While this can be scary for home buyers, it’s exactly why it’s the perfect time to bring the Knock Home Trade-in to Phoenix. By making it possible for our customers to buy their next home first, we help them win bidding wars, and get an average 2% to 5% discount in the process. Because of this, Knock can help more families get into their next dream home more easily.
A Neighborhood Guide
Considering making a move, but don’t know where to start? Of course, there are many factors to consider when choosing a neighborhood in Phoenix. School system rating, proximity to major highways, family-friendliness, home style, and surrounding neighborhoods are some, but not all, of the factors that home buyers consider.
As we get introduced to the market, we wanted to take a look at some of the areas home buyers and sellers are active in. And who better to ask than our own local Knockstars, all of whom have been practicing real estate and living in Metro Phoenix for years? Read on for our neighborhood guide of some of Metro Phoenix’s hottest neighborhoods you can move to through the Knock Home Trade-in.
Uptown Phoenix is an up-and-coming foodie central with walkable living and something for everyone. Drawing an eclectic crowd, many inhabitants bike to work and enjoy proximity to all the bars and restaurants on the scene. Plus, the light rail runs through here, making it a great hub for transportation.
The area has established itself as one with reputable school options. So, even if you have a family of young children, it could still be the perfect area for you, especially if you’re looking to balance work and personal life.
Knockstar Christy Narsi has been a Phoenix resident for over 15 years. She says, “Uptown Phoenix is the mecca of urban living, modern style, and ridiculously good restaurants to feed your inner foodie. There are still plenty of 1940’s to 1960’s bungalows waiting to be renovated for buyers who want their dream home within walking distance to beautiful parks and all the fun activities Phoenix has to offer!”
Mid-century modern vibes are aplenty in Midtown Phoenix, boasting a community that is an eclectic melting pot of local businesses and culture. The Melrose district is home to a plethora of furniture stores, trendy shops, and vegan restaurants. The historic district is also located in Midtown, with classic bungalows being rehabilitated to match a modern lifestyle while keeping their charm.
Rated the #1 Best Neighborhood in the Phoenix Area by Niche, Ahwatukee Foothills is known for its family-friendly suburb style, envied views, and gorgeous landscape. In the southernmost part of the Phoenix area, Ahwatukee is unique as it is on the backside of South Mountain; it’s a haven for the outdoor enthusiast. Plus, the area boasts large corporations like Intel, GoDaddy, and many others, making it a great place to both work and live.
According to Knockstar Tammie Brethower, “Ahwatukee is a growing area and a lot of people are moving here. When it comes to real estate, prices in the East Valley are holding steady and in some areas continue to rise with demand.”
Desert View is also a great choice for anyone looking to move within the greater Phoenix area. Located in Maricopa county, there is a population of about 66,000, with most residents owning their homes. The suburb also boasts many parks for recreation purposes.
Chandler, AZ has great neighborhoods and quality of living, with homes that are priced right. Convenience is also a big plus, with the Chandler Fashion Center and many new businesses popping up. When it comes to your commute, Chandler is in close proximity to many major hubs, making it a great option when it comes to maintaining work life balance.
Knockstar Brandon Green said, “Chandler is an established city with a wide variety of activities, ranging from golf to shopping. The downtown area has a mixture of historic and modern areas with upscale restaurants, locally owned shops, and public art, yet has spacious newer built homes throughout the city. Chandler has been voted as one of the most livable places in the country and is close to all major airports, making it a great choice for virtually any homebuyer.”
West of Phoenix
Even if living in Phoenix isn’t for you, Knock can still help you find the perfect home just outside the metro – not to mention, where you may be able to get more bang for your buck on a new home.
There are plenty of options west of Phoenix, including Peoria, AZ and Glendale. There, you’ll find a more laid-back suburban feel. Not to mention, the San Diego Padres and Seattle Mariners share the Peoria Sports Complex during spring training.
According to Knockstar Angel Johnson, “The West of Phoenix, particularly Glendale, has a quaint downtown feel, complete with historic shops and cottage homes. If you’re looking for a home with character and history, you can find it here. At the same time, there is a ton of new infrastructure being introduced – with the Arizona Cardinals’ stadium in the area and the Super Bowl coming back in 2025, there is no shortage of action on the outskirts of Phoenix.”
Tempted to Trade-in?
These are just a few of the amazing neighborhoods and attributes the multi-faceted city of Phoenix has to offer. At Knock, we’re excited to have recently launched in this evolving, eclectic city to help even more people buy and sell homes without the hassle.
With our Home Trade-In program, we make an all-cash offer on your dream home – not only to get it for a great price – but to help you win bidding wars. Then, we sell your home on the open market to find you the best buyer for the best price. It’s the perfect solution for making your next move without having to worry about the stress and uncertainty that comes with traditional home buying and selling. Whether you’re looking to upgrade or downsize, Knock can help!