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Real Estate in Arizona has been appreciating ever since we have come out of the economic downturn. The West Valley of Phoenix is one of the fastest growing areas in all of Arizona. Statistics show the I10 corridor heading towards Buckeye will be the focus for future growth. Another area of growth will be around loop 303 from Buckeye up to the City of Surprise. City of Surprise and surrounding communities have plenty of vacant land, primed for development. New home builders have been researching multiple locations in Surprise to break ground on new communities. Mackey Real Estate was invited by one of the nation’s biggest home builders, to be part of a focus group, to discuss new communities. It was discovered in this focus group, that home builders have a renewed outlook on the future and are starting to become more active in researching and reviving existing land build sites.
Arguably(in certain areas) the market has slowly been transitioning towards a sellers market, with inventory dropping and demand continuing to be strong. There are still a large volume of active buyers that will chew up what inventory is on the market. In regards to sellers, folks thinking of selling their homes, it just couldn’t be a better time to sell. Buying demand is high so get your homes on the market and take advantage of this trend. Also, with the job market holding strong, Arizona has been attractive to families that are looking for a better quality of life.
There are multiple resources from which statistical data and information can be retrieved for the real estate and housing market. Mackey Real Estate Team will be posting new data every month that is distributed by the Arizona Regional Multiple Listings Service. These statistics will have information on how many homes were sold, sold pricing, rental data etc.
Please check back often, to read the new data provided on this site and if you ever have any questions in regards to what is the right move for you and your family, please contact Mackey Real Estate Team.