Writen by Sam D'costa
One of the hottest and growing real estate market in the country is Arizona. For the past six to seven years the investors have described the place "hot", due to the continuous rise in Arizona real estate prices that subsequently continues to attract buyers and sellers. It seems there's no slowing of Arizona real estate appreciation. Starting from single-family homes, condos or commercial properties prices in Arizona has climbed steadily and is still on the rise.
But even this unprecedented steady rise in home prices in Arizona doesn't seem to depress any buyers. Recent statistics have shown home buyers are offering an average of 90 to 95 percent of the asking price for purchased homes.
Arizona real estate appreciation is envied by other states. What is the secret behind the steady appreciation of Arizona real estate prices? The bottom-line definitely being the demand for homes in Arizona is relatively higher than the supply and the demand is increasing further to instigate the price shoot up. Some of the reasons are stated below for the continuing rise of real estate appreciation in Arizona.
Arizona is now a well-established community for retirees. Various recreational facilities like golfing, hiking, fishing and horse riding are within the scope of the people. Comfortable weather conditions and affordable cost of living makes Arizona a sought after real estate establishment. For retirees Arizona is a paradise with the quietness' of the mountains and harsh free winters.
Business boom in Arizona. Many modern companies have relocated in Arizona. One can also find renowned educational institutions in this region. Combined with superb climatic conditions, businesses find Arizona the perfect place to foster growth.
Compared to other states in USA, the real estate in Arizona is reasonably priced. The average home price in Phoenix is in the $300,000. Over the last 12 months the home values in Arizona has shown an appreciating rise of 25%.
No one can deny the profit potentiality in Arizona for real estate investors. This market has had a booming success in the last decade and is still on the rise. To investors, Arizona Real Estate is a great investment potential with a predictable demand for real estate in the future. As long as Arizona continues to showcase its favorable conditions, it is one of best in the real estate business.
Sam D'Costa is well known professional in Online Marketing and web promotions.
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