Downtown Phoenix – Top 3 neighborhoods

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By Amy Gerrish

 

Today we are featuring the top 3 downtown Phoenix Neighborhoods in 2016 that have seen the biggest increase in value from the prior year. The national average is a 4%-6% increase

Historic Districts

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The Downtown Phoenix Homes in the 35 historic districts seemed to have boosted considerably from the prior year. We’ve seen an increase anywhere from 20% to 30% in value in the past year.

SEARCH HOMES FOR SALE IN THE HISTORIC DISTRICTS

Montgomery

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The Montgomery neighborhood in Downtown Phoenix is south of the historic districts, it’s south of Jefferson & Chase Field. This Neighborhood has no doubt felt the positive effects of the downtown boom. Homes here are still affordable, from $75,000 to $130,000. Most of the homes are still dated and some are very dilapidated. There are a few that have been fixed up. This may be the next neighborhood that speculators makeover. ¬†Even without much improvements the increase in value has been noted on some of the resales ¬†from 25% to 45% in the past year.

MONTGOMERY HOMES FOR SALE

Orpheum lofts

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The Orpheum Lofts in Downtown Phoenix were first constructed in the 1930. It is an 11 story high rise building that was originally constructed for Phoenix Title & Trust and was designed in Art Deco by a local Phoenix architect. The building was gutted in 2002 to make room for 90 lofts designed by a Colorado architect. The first residents moved in 2005. Increase has value has been noted from 20% to 25% in the past year.

ORPHEUM LOFTS FOR SALE

 

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