Market snapshot

Who Is Buying in 85023 (Phoenix)

Recorded investor purchases and holdings over the past year.

Data last updated

In Phoenix (85023), investors own about 392 tracked properties across 86 active buyers, with a median investor purchase price near $35,000,000. 223 were acquired in the last 12 months.

86
Active Cash Buyers
392
Investor-Owned Properties
223
Acquisitions (12 mo)
$35,000,000
Median Purchase Price

Acquisition Activity

Acquisitions (last 12 mo)223
Acquisitions (last 24 mo)274
Share acquired in last 12 mo56.9%
Average purchase price$23,924,000
New construction (30 days)0
New construction (60 days)0
New construction (90 days)0
New construction investments105
Gated contacts available149

Property Characteristics

Top property typeSingle Family Residential
Median building size (sqft)1,264
Average building size (sqft)1,374
Median year built1999
Average year built1991
Built before 198026.9%

Investment Strategy Mix

Buy & Hold72.6%
Value-Add / Rehab26.9%
New Construction0.5%

Hottest ZIP codes for investors

85085 · 38285037 · 35185041 · 318
Market read

What investors are doing in 85023

Buying has picked up in 85023. The last 12 months brought 223 investor purchases versus about 51 the year prior — an increase of roughly 337%, which means more bidders on the same contracts.

The median investor purchase lands near $35,000,000. An average of $23,924,000 that close to the median means one price band describes nearly the whole market.

72.6% of tracked activity in 85023 is buy & hold. Hold strategies mean patient money: slower decisions, but the rent roll carries more weight than the flip math.

The median investor-owned home was built around 1999. Only about 26.9% predates 1980, so the stock skews newer and rehab scopes tend to be lighter.

Investor ownership in 85023 runs to roughly 392 properties, spread across 86 active buyers. Fewer than 2.6 purchases per buyer over the past year means buying is thinly spread, so breadth of outreach matters more than any one contact.

These numbers come from recorded purchases in this ZIP code, updated as new records land. They report what has already happened and are not a prediction or investment advice.

Answers

What people ask about this market

How many investors are active in Phoenix?
There are 86 active investors owning 392 tracked properties in Phoenix.
What is the median investor purchase price in Phoenix?
The median investor purchase price is about $35,000,000 in Phoenix.
How active is the Phoenix investor market recently?
223 properties were acquired by investors in the last 12 months in Phoenix.
Is there recent new-construction investor activity in Phoenix?
0 new-construction homes were acquired by investors in Phoenix in the last 90 days.

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