Phoenix Arizona is a real-estate Mecca, and has seen some of the greatest opportunities for investors and buyers anywhere in the western United States. Phoenix has often been called the city that rose from the ashes, and indeed is now one of the most booming economies in North America.

Phoenix Condominium Pre-Construction Sales
Phoenix is one of the warmest and summery cities in the country with an average of more than three hundred and thirty day of warm sunshine regardless of whether it is summer or winter. The resort recreational real estate market has been growing in Phoenix Arizona for a number of years now, and many new golf resort condos and townhomes are sprouting up within the city core as well as well beyond it. With new fractional ownership Phoenix property and resort real estate also available, visitors and investors have a chance to purchase a fraction or share of a deeded interest in a property which is slightly different from the traditional timeshare model. With fractional Phoenix real estate recreational condominiums and homes increasing in popularity, homebuyers are able to purchase a family vacation property at a fraction of the cost while still owning either a quarter, one eighth or even half share of the time. This is more than plenty for most families and couples just looking for an escape from the city and every day life. From the pre-construction Phoenix condo tower residence standpoint, there are many new pre-sales launches that occur almost every weekend. With luxury high-rise apartment units and exclusive condo penthouse suites available to the discerning homebuyer as well as for first time purchasers there are entry level and affordable terrace homes, condominium residences and much more, the Phoenix preconstruction market is still presenting a wealth of possibilities to the general public. What’s changed is that the presales number of units in relation to what is being offered in terms of total number of properties has slowed down and slightly decreased in the past couple of years due to the slowing demand and over supply of some condominium pre-construction homes in certain areas of Phoenix Arizona.

Presales Recreational Real Estate in Phoenix
However, most of the downtown Phoenix pre-construction condos are sold-out and owner occupied, leading to a very stable market with low vacancies within the city center. Of these pre-sales properties in Phoenix, condominium tower units seem to attract more of the first-time home purchaser as well as real estate investor looking for positive cash flow rental properties. Other forms of housing that are popular in Phoenix include the pre-construction townhomes and master-planned community developments that feature single family detached homes as well as other forms of family housing that are more quiet, masterplanned and geared towards an older population including retirees. The real estate development preconstruction sales have been brisk and many of the new construction condo properties are about fifty per cent sold out upon completion or even greater, depending on the actual location of the property. The Phoenix communities are quite urban and vibrant with local conveniences within walking distance from your new home as well as entertainment, shopping and restaurants all located within close proximity to where your condo, townhome or property is. This leads to a more well-balanced lifestyle when compared to other major cities in the US and also leads to an increase in property values in Phoenix over a shorter period of time. Many home buyers and investment pros have made a fortune in the Phoenix pre-construction condominium market, and they will continue to do so as the population increases at an astronomical rate.

About Phoenix
Phoenix is the capitol of Arizona state, and was incorporated as a city on February 5, 1881. Phoenix is located in central Arizona in the southwestern United States, 118 miles (188 kilometers) northwest of Tucson. Phoenix is Arizona's largest city and largest metropolitan area by population. It is also the county seat of Maricopa County and the principal city of the Phoenix metropolitan area. Phoenix is appropriately called Hoozdo, or "the place is hot", in the Navajo language and Fiinigis in the Western Apache language. In 2006 Phoenix was the sixth largest city in the United States according to the U.S. Census Bureau. The 2000 U.S. Census reported the Phoenix Metropolitan Statistical Area (MSA) as the fourteenth largest in the U.S., with a population of 3,251,876. The city's MSA grew to an estimated 3,790,000 by 2004. Between 1990 and 2000, the metropolitan area grew by 34 percent, making it the eighth fastest growing metropolitan area in the U.S. Phoenix is the largest capital city by population in the U.S., and the third largest capital city by area in the U.S. Phoenix has been selected four times since 1950 as an All-America City, rare among larger cities. The hallmark of an All-America City is the extent to which its private citizens get involved in the workings of their government. Thousands of citizens have served on various city committees, boards and commissions to assure that major decisions are in the best interest of the people.

Phoenix Climate
Phoenix Arizona has an arid, semitropical climate, with little seasonal change during the year. Clear blue skies are typical on most days, with an average of over 300 sunny days per year. The temperature reaches or exceeds 100 °F (38 °C) on an average of 89 days during the year, including most days from early June through early September. On June 26, 1990, the temperature reached an all-time high of 122 °F (50 °C). The dry Arizona air makes the hot temperatures more tolerable early in the season; however, the influx of monsoonal moisture has been known to make August in Phoenix almost as humid as summers in the Southeastern United States.

Phoenix Real Estate Booming
With the ever-growing population in Phoenix, the real estate market has boomed. There is an amazing increase in interest in Phoenix real estate over the past decade. Phoenix, because of it's weather, but also because of it's great economy that has been thriving for over twenty years now. With growth brings new and exciting luxury condo real estate development projects in Phoenix, Arizona. These luxury homes are in condominium towers, elegant residences, townhomes, two-storey lofts and other exclusive homes in Phoenix. There isn't a shortage of luxury condo developments springing up in Phoenix.

Phoenix Neighborhoods

Downtown Phoenix
The downtown area of Pheonix has been undergoing a major facelift since the building of the US Airways Center (formerly America West Arena) and Chase Field (formerly Bank One Ballpark). Coffeehouses, restaurants, nightclubs and shopping in the Arizona Center continue to draw people downtown for the hopping nightlife. Many new restaurants have blossomed, including A League Of Our Own. Incorporating the themes of Phoenix's early history with culture and local events, Copper Square is a full square-mile hotspot for activities and action. Downtown attractions include a walk in the park at Patriots Square or delve into the new Arizona Science Center, Phoenix Museum of History or the Phoenix Art Museum.

West Phoenix
The inner neighborhoods of Phoenix include moderately priced homes largely developed in the 1970s. Shopping in the west area is popular at theDesert Sky Mall, and Cricket Pavilion offers an open-air entertainment amphitheatre for concerts and attractions. The growing west side continues to spread outward. Visit charming Historic Downtown Glendale and Catlin Court for first-rate antique opportunities. The newer Arrowhead Towne Center Mall affords shopping and diverse dining choices. Cardinals Stadium is currently under construction in Glendale. The Fiesta Bowl is moving to the stadium in 2007 and the 2008 Superbowl (XLII) will be held at Cardinal Stadium.

South Phoenix
Largely comprised of low-cost housing and industry, the walled and gated community of Ahwatukee is a notable exception. Ahwatukee residents are mostly older adults and urban professionals, and upscale apartments coexist with middle class housing. Be sure to take the South Mountain Park Scenic Drive while you are visiting this area. Fabulous sunsets are the pride of Arizona and best enjoyed from a desert wilderness vantage point. Nearby shopping can be accomplished at the new Arizona Mills Mall just across the freeway.

Northwest
Past Peoria and Glendale are the communities of Sun City, Sun City West, Youngtown, and Surprise. Hikers will enjoy the White Tank Mountain Regional Park. The Sun Cities and Youngtown are largely retirement communities.

East Side of Phoenix
Bordering Phoenix is the town of Paradise Valley. Northeast of Phoenix, this area draws middle to upperclass residents. South of Paradise Valley is the neighborhood of Arcadia. Unlike most of Phoenix, Arcadia is filled with more mature landscape and citrus trees. East of Paradise Valley is Scottsdale, fondly referred to by residents as "The West's Most Western Town." Scottsdale is more upscale housing, catering to more upperclass residents. Located south of Scottsdale, Tempe is primarily a college town and the home of Arizona State University and the Sun Devils. Local festivals such as Fall Festival of the Arts are extremely popular down on South Mill. Arizona State University is located in its center, ringed by family and student housing.