One of the things that makes Downtown Phoenix interesting is the presence of several residential neighborhoods filled with homes built from the 1920s to the 1950s. Some of those neighborhoods have been designated by the city of Phoenix as historic neighborhoods. The 85006 ZIP code, which is bounded by Van Buren to the south, Thomas to the north, 7th Street to the west and 24th Street to the east, is home to five historic neighborhoods, namely Garfield, North Garfield, Brentwood, Coronado and Country Club Park.
Living in these neighborhoods puts you within close proximity to Downtown Phoenix itself, with all of its benefits, and springing up in many of these neighborhoods are small cafés, vintage stores, clothing boutiques, art galleries and an abundance of neighborhood/community interaction opportunities.
The wide variety of bungalows and Ranch style variations, offer homeowners many options for creating unique living environments. Not only is there a diversity of architectural styles in 85006, but there is also something for every budget, with 72 single-family homes currently on the market ranging in price from $20,000 to $487,000.
Although there has been an abundance of properties on the market and prices have fallen dramatically over the last couple of years, prices have recently leveled off somewhat and there is currently only a 4.4-month supply of homes in 85006, as opposed to a 17.3-month supply of homes in January 2008. If that trend continues, prices will start to rise again. If you are intrigued by the idea of living in Downtown Phoenix, this is a good time to explore the possibilities.
Watch over the next few weeks for announcements here on DPJ about historic home tours coming up in February and March.
Lyle Plocher is an Associate Broker with the Urban Connection Realty Team at HomeSmart. He can be reached at email@example.com.