Metro Phoenix draws homebuyers from LA, Seattle and Denver

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By Catherine Reagor | Arizona Republic

Metropolitan Phoenix’s rising home prices still look like bargains for Californians and buyers from other U.S. areas, where houses cost twice as much.

A growing number of people are looking to move to the Valley from Los Angeles, Seattle and Denver, a recent study shows.

So many people from those pricier housing markets searched for homes in metro Phoenix this year that the Valley topped a recent list of areas expected to see the biggest inflow of residents from those cities and others.

Almost 34 percent of potential homebuyers searching for houses in the Valley live outside the area, national real estate firm Redfin reports.

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