How Hot is the Arizona Real Estate Market?
For a steady five years one of the hottest places to buy real estate in the country as been Arizona. Not just for the actual heat but for the great deals and booming market of the Sedona area. It seems that there is no stopping, or even slowing the increase of Sedona real estate appreciation. Prices continue to climb steadily upwards, in all housing markets – single family homes, duplexes, condos, and commercial property. In years past it is reasonable to assume that real estate prices have risen on an average of 10% or so a year if not higher for certain areas of Arizona. Some areas have had unprecedented growth; homes increasing in value as much as 25 percent and in some select areas, even 40 to 50 percent. What keeps Arizona real estate prices in this appreciation track? It’s a simple matter of supply and demand, and Arizona has always had a steady demand for homes that is only continuing to increase. My Santa fe real estate connection also has some good tips for buying. Here are so
