Arizona Real Estate - A Good Buying Opportunity?by Raynor James
If youre looking to move to a new state, Arizona real estate is definitely worth a look. Following is a primer of the state and the FSBO Arizona real estate market.
Phoenix is by far the largest city in Arizona and it is growing fast.
The sixth largest city in the United States, Phoenix is the official and economic capital of Arizona. The city is growing at such a high rate that it has engulfed the accompanying towns of Scottsdale and Tempe. Phoenix has a perpetual new feeling to it, which leads to criticisms that it has no inherent culture or roots.
If you want to attend sporting events, Phoenix has a nice selection. The city has professional baseball, basketball and football teams. Phoenix even has a professional ice hockey team, the Phoenix Coyotes. Only in America could a city in the middle of the desert have an NHL team!
If youre looking for warm weather, Phoenix is the place. During the summer, average temperatures are usually above the 100 degree mark without much humidity to speak of. Evenings can get cool during the winter, but day time temperatures remain in the 70s.
Unlike Phoenix, Flagstaff is a town that reeks of the more historic Wild West. Sitting on the famous Route 66, Flagstaff is a college town because of Arizona State University. The University, better known as "ASU", has over 30,000 students who more or less dominate Flagstaff. If you like the feel of a college town, skip Phoenix and consider Flagstaff for your real estate needs.
Tucson (Editor's Note)
If you are looking around Arizona for the best real estate investment, the editor of this Website highly recommends that you check out Tucson. As Arizona's second largest city, Tucson is basically a large "small town" atmosphere. As home to the University of Arizona, Tucson boasts great educational opportunities. It is also the spring training camp home for Arizona Diamond Backs, Colorado Rockies and Chicago White Sox. Tucson's growth has created a better than average appreciation in real estate prices in recent years.
Arizona Real Estate
Arizona real estate is very reasonably priced compared to other states. The average home price in Phoenix is in the low $300,000s. Arizona has, however, become a hot real estate market with home values appreciating over 25% in the last 12 months.
Arizona is a take it or leave it state because of the heat index. If you prefer hot, sunny days, Arizona real estate may be a very good investment.
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