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What Makes the Phoenix Real Estate Market Number One in 2017

What Makes The Phoenix Real Estate Market #1

Recently, realtor.com projected Phoenix as the nation’s hottest real estate market for 2017. At Tru Realty we are excited for this to come to fruition. We’ve always known about the upside of buying and selling homes in the Phoenix real estate market and we’re prepared to make the very most of it next year.

The article sites a strong local economy, low unemployment rates and population growth as the contributing factors as to why Phoenix is expected to see an overall sales growth of 7.2 percent and a price increase of almost 6 percent.  Our affordable housing (median home price $300,000) attracts retiring baby boomers and first home Millenials.  

Experts also say that there’s a limited availability on homes for sale and new construction can’t keep up with the growth. But anyone who is already living in Phoenix can tell you that there is no shortage of construction on new homes in almost every neighborhood.

There are certainly more benefits to Phoenix other than just affordable homes and low unemployment rates. Attractive communities continue to be the driving force behind the why you should own a home in Phoenix. Neighborhoods like Arcadia continue to grow year by year and have great homes for millennials looking to live in hip, modern homes. While communities in McCormick Ranch are perfect for couples looking to start their families. Additionally Scottsdale and Paradise Valley continue to be sought after places to live.

There’s a multitude of reasons why Phoenix was named as number one for 2017 and we assure you that if you’re looking to buy or sell your home in Phoenix, Tru Realty will provide the best experience possible.

The time to capitalize on this is now, don’t miss out on people wanting to buy your home in Phoenix or getting a great deal on your first home. If you’re ready to buy or sell, contact our Principal Broker, Sarah Richardson at 480-327-6700 or email her at sarah@trurealty.com.

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