Homes near light rail come in many shapes, sizes, types and in price ranges to fit just about any budget. Since December of 2008, there have been over 150 homes sold near the 20 mile stretch of light rail running through Phoenix, Tempe and Mesa with a total value of nearly $24 million. While the phoenix real estate market continues to face the reality of downward pricing pressures from a large amount of foreclosure properties, people in need of a home are beginning to look at these areas more and more. Speaking of foreclosure properties, there are currently 165 bank-owned homes on the market that are located near the 20 mile stretch of light rail with a total listing volume of just over $17.7 million. The age old rule of location, location, location rings loud and true to many people looking for a lifestyle including walkable neighborhoods and convenience.
In addition to the lender-owned realities of this market, there is also the reality of having to actually qualify for financing vs. the “liar loans” and lax credit requirements from our “boom times.” Financing is still available, it is just not available as it once was. Given the location of both ASU facilities along the light rail line, a loan called a “Kiddie Condo” loan might make sense for a lot of people.
In “good” markets and in “bad,” there are housing choices to be made. At RailLife.com it is possible to learn so much more than just the X’s and O’s of buying or selling a home because, let’s face it, the decision of where to live is also about lifestyle, convenience and about choosing a “city within cities” to call home. A city with easy access to restaurants, sporting events, arts communities etc. would appear to be worth a look…
The homes below are examples of single family properties located along the entire light rail line. If you would like us to send you a list of available properties that fit your specific criteria please contact Nick Bastian at 602-803-6425 or via email at nick @ raillife.com