Red Hot: Valley Home Prices Will Continue To Climb

By Linda Williams | Fox 10 Phoenix

It’s a seller’s market, according to Zillow, as the real estate website recently ranked the Phoenix housing market as “very hot” for sellers.

“This combo of value, space and location, I mean, it’s the trifecta for us,” said June Cohen. She and Kenneth Naiff bought a condo in the new Soho development in Scottsdale.

The couple believes Soho offers them the life-work concept they need, as Naiff is a renowned astro-photographer.

Cohen and Naiff came from North Scottsdale, but broker Keith Mishkin says many buyers are still pouring in from California, Canada, and beyond.

“People recognize that Phoenix is still one of the most affordable locations in all the entire southwest outside of Albuquerque and Tucson,” said Mishkin, who is with Cambridge Properties. “This is the most affordable market in the Southwest.”

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