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Phoenix

Phoenix is the the capital city of Arizona, and the largest city in the state, with a population of about 1.45 million people. That figure explodes to 4.2 million when expanded to the Phoenix metropolitan area, which is commonly called Valley of the Sun. Phoenix is the sixth largest city in the United States, stretching over 518 square miles including land and water, and is the county seat of Maricopa County. The city has a subtropical desert climate, which makes it very attractive for those seeking mild winters and warm summers or relief from pollen allergies.

Phoenix Real Estate

Although Phoenix was one of the hardest hit by the recession in the United States, creating a flurry of foreclosures, rental rates are on the rise and home prices are rising. The real estate market in the city is stabilizing, with an average price of $117 per square foot, with the average sized home being 1,668 livable square feet in size. The median list price is about $196,000, with a median sales price of $163,000. Homes stay on the market an average of 47 days in the latest figures.

Architecture

Being in the desert and in the southwest of the country, architectural styles in the city of Phoenix are mostly ranch style, Spanish style, bungalows, and split level. Phoenix has 83.8 percent single family residences, with about 6 percent condominiums, 5.4 percent townhouses, 1.4 percent patio homes, 0.6 percent twin homes or gemini homes, and 0.3 percent lofts.

Climate

Phoenix is located in a subtropical desert climate, which means summers are very warm and dry, with ultra mild winters. Temperatures in the summer can reach above 100 degrees Fahrenheit, with overnight lows during June, July, and October falling to the low eighties or high seventies. Daytime highs during the winter reach into the upper sixties, with overnight lows dipping into the mid forties.

Demographics

The demographic makeup of the city of Phoenix, according to the United States Census Bureau, is 65.9 percent white, with nearly 41 percent Hispanic or Latino, 6.5 percent black, 3.2 percent Asian and 2.6 percent Native American. Those of two or more races account for 1.7 percent of the population in the Phoenix area.

Main Attractions

The biggest attractions in Phoenix are the Heard Museum, Desert Botanical Garden, Chase Field and University of Phoenix Stadium, Musical Instrument Museum, Lone Tree Golf Club, Historic Heritage Square, South Mountain Park Scenic Drive, Camelback Mountain, and Tovrea Castle. Other attractions include: the Corona Ranch and Rodeo Grounds, Wildlife World Zoo, Glendale Antiques District, and the Verde Canyon Railroad.

Transportation

Phoenix has a road system based on a grid, with roads going east and west or north and south. Approximately 96 percent of its residents and commuters drive their own vehicles, with about 3.4 percent using public transportation. The main service for public transportation in Phoenix is Valley Metro, which has trains, buses, and a rideshare program.

Economy

Phoenix has historically relied on five industries for its economic growth: copper, cattle, climate, cotton and citrus. However, over the last several years, much of the ranch and farm areas have been transformed into suburbs, as the population of the city expands outward. Phoenix is home to four Fortune 500 companies, and has a gross metro product of $191.4 billion.