This post explores the 85012 zip code in central Phoenix. The map give you a look at the relative location of the 85012 zip code.
The basic demographics of the area are: 7300+ residents, median 2007 income of $47,700, 50% of residents are renters.
Much of the area is comprised of fine single family homes with higher price points. The Orangewood and Windsor Square neighborhoods are considered highly desirable. Some condo projects are located in the area as well with Landmark Towers capturing many news reports due to HOA problems.
The region is considered by many to be desirable. Easy access to light rail, downtown, Sky Harbor and great restaurants/shopping are just some of the attractions.
From an investment standpoint, 85012 is pretty tough. While checking the ARMLS stats today (June 4, 2009) there were only 39 single family homes and none were REO's. Nine homes were being offered as short sales so some less expensive bank-owned inventory may be around the corner. The condo market has more active inventory, however, the most affordable are in Land Mark Tower and the approximate $500.00/month HOA's make affordable rent rates difficult.
Investors may want to keep an eye on this region as we move into summer. Picking up a well priced single family home could pay good long term dividends. If you are a contractor, keep an eye out for homes in need of major repair and offered at low prices. Good historic remodels can fetch high prices in this area.
At the end of this post is a real estate search engine/tool specifically designed to show homes, condos, land and multi-family properties for sale in the 85012 zip code. The initial view shows the 20 most expensive properties and users may explore all price levels currently available. The data is real time showing you the current inventory, included bank owned, at the time you view this post.
The search tool is map-based, and allows registered users to save searches and receive email updates when new properties come on market. If you would like to personally view any of the properties, we'd be happy to arrange an appointment. Just give us a call (602-234-5777) or send an email request.
Check the "search by zip code" category for information on additional area zip codes.
Best to you,
Ron & Gene Urban
The Urban Team at Realty Executives
602-234-5777
