Phoenix continues to be one of the most popular destinations in America to move to and more people migrating to the Valley means more people looking to buy a new home. The discussion of the Phoenix real estate market has mostly been focused on single-family homes, but as Phoenix joins the ranks of other major metropolitan areas condominiums are becoming a more prevalent option for home buyers, many of whom already live the Condo lifestyle in their present City. The best Condominiums are highly convenient places to live. Typically having secure parking, very well-equipped private gyms, pools, and even full sports courts. They are located in exciting neighborhoods where people are a short walk, from fine dining, shopping, entertainment, and the best public amenities. While single-family homes remain the most popular form of real estate in the Valley some residents have also embraced high-end condos as a compelling option to downsize and embrace an often energetic, fun, and highly convenient lock-and-leave lifestyle. Here are the best Metro Phoenix neighborhoods for prospective condo owners.
READ ALSO: Tucson ranks No. 4 among best cities for Gen Zers
READ ALSO: Arizona No. 2 for largest house price appreciation
Scottsdale
The city of Scottsdale is perfectly suited for the condo lifestyle. You buy a condo for the lifestyle and the City encapsulates a Condo owner’s dream location. Downtown Scottsdale is the most walkable downtown in the Valley, there is something to see and do everywhere in its unique environs. This applies to several downtown Condominiums in Scottsdale, from the well-known Waterfront Residences by Fashion Square and the Canal, to the Mark Condominiums opposite The Valley Ho and several other beautiful buildings with very different architectural interpretations. Optima Camelview stands out for its well-known, indeed Iconic, green building credentials. North Scottsdale has become a popular spot for snowbirds who are looking to purchase a property that puts them at the heart of the Scottsdale season in the winter while also being easy to lock up and leave during the Summer. Optima Kierland, and Plaza Lofts overlooking Kierland’s Main Street are two very popular examples. Scottsdale is a city with the perfect open-air lifestyle so it has become a natural spot for snowbirds looking to get away from the cold.
Downtown Phoenix
There are few places that have developed as quickly as Downtown Phoenix. The area has come of age and become a great community for condos, attracting buyers looking for the best locations in a highly urban environment. Downtown features very convenient light rail pro, Major League sports, Farmers’ Markets, and the newly updated Margaret T. Hance Park. A downtown condo overlooking the park and Japanese Friendship Gardens is a perfect, peaceful oasis in the middle of the busy urban core. Condo developments such as Portland on the Park, Portland Place, and the 1920’s Orpheum Lofts define the varied condo lifestyle in Downtown Phoenix. They are truly luxury condos within walking distance of everything. Downtown Phoenix continues to develop from strength to strength as a vibrant urban community with the famous Roosevelt Row Arts District, amazing parks, music, shopping, eating, and nightlife. It is no surprise that many residents there find the condo lifestyle appealing.
Tempe
Downtown Tempe has been an established condo market for a long time and new buyers continue to flock to the area. Tempe is a wonderful spot for condo owners who enjoy water sports in addition to convenient shopping and many major events. Tempe Town Lake is unique in the Valley and perfect for any outdoor activity. Go Kayaking, go for a jog, or take a nice stroll to some of the local shops. Tempe has also become a more walkable city with the installation of the new Tempe Street Car and easy access to the light rail. The beautiful Edgewater and Bridgeview Condominiums on Tempe Town Lake define the lock-and-leave convenience of the Condominium lifestyle in a young and exciting University City. The community is only going to improve in the future as the city invests in development projects at the Hayden Flour Mill and South Pier aimed to drive further tourism to the downtown area.
Single-family homes may be the focus of the housing market, but there are plenty of prospective homeowners looking for a smaller luxury space in the heart of the community. Condos are perfect for people looking to live this type of lifestyle and the Valley is becoming the perfect place for these people to live. Downtown Phoenix, Scottsdale, and Tempe all represent the perfect neighborhoods for condo owners in Arizona.
David Newcombe is a Partner of the Newcombe · Zimmerman Group at Launch Real Estate. Newcombe has over 20 years of experience in Valley real estate specializing in the luxury condominium market in the Phoenix metro area. The Newcombe · Zimmerman Group’s experienced team has helped individual and development clients realized more than $2 billion in closed real estate sales.
