Benefits of Buying a Home in Litchfield Park
Litchfield Park homes are in some of the up and coming neighborhoods in the metropolitan Phoenix area. Between the brand new homes on the famous golf course to the large lots with renovated backyards, the city of Litchfield Park has it all. Its nearness to the other cities in the Valley, yet seclusion from many neighborhoods provide the residents of Litchfield Park with a ‘small town’ community full of places to eat and shop (not to mention, nearness to a wide variety of schools). Now for some need-to-know facts from our CENTURY 21 Northwest realty team about buying a home in Litchfield Park…
Buying a Home in Litchfield Park is an Investment
- About 449 homes were sold in Litchfield Park so far this year (2014)
- The average home value index is $213,000, with the median list price at $264,000 and the median sale price around $198,000, which is over 4% lower than sales in the past few years.
- About 71% of the neighborhoods are filled with single families. The other 29% live in condos and apartments.
- The main kinds of people who live in Litchfield Park are lower to moderate income families who like small towns and new homeowners.
- The mortgage rate for the area is about 4% (extremely close to the national average).
- The market value is set to increase by about 3.8% in the next year!
After the late market crash, the Arizona home market has been on the rise. It is a Buyer’s Market in Litchfield Park this year! Buying a home in Litchfield Park has become an extremely lucrative investment, for both large families and single people! At around 4.00% in the summer of 2014, the mortgage rate in Arizona is very close to the national rate of 3.98%, which makes now the right time to consider buying a home.
Buying a Home in Litchfield Park & Top Schools
Let’s talk schools. There are two options that cater to Litchfield Park residents: Litchfield Elementary District and the charter and private schools, such as Crown Charter School, Inc. and Trinity Lutheran School. The ‘small town’ feel extends to the Litchfield Park schools as well, which means more hands-on learning and a greater teacher to student ratio!
Buying a Home in Litchfield Park & Neighborhood Perks
Snuggled between Avondale and Surprise, Litchfield Park is a suburban town. We find that one of the reasons buyers look at Litchfield Park is the affordability of new homes and close-knit, family-oriented neighborhoods. There are a some great local hotspots to find in the center of town, but nothing like the “Scottsdale night life”. However, there is plenty of fun to be had in Litchfield Park! the The Wigwam Golf Resort and Spa, one of Arizona’s first golf resorts, and the White Tanks and Estrella Mountain Regional Parks are only the tip of the iceberg!
Thinking of Buying a Home in Litchfield Park
When buying a home in Litchfield Park, our CENTURY 21 team recommends looking for deals in the Dreaming Summit, Wigwam Creek North, and Litchfield Greens neighborhoods. There are a variety of housing options for any budget in these areas. Be sure to explore these locations when you consider buying a home in Litchfield Park. CENTURY 21 Northwest agents are standing by to answer any questions! Give us a call today and let’s get started finding your home! 623.299.2148
To see a list of all the listings for buying a home in Litchfield Park, click here.