Phoenix AZ Home Prices are UP

Dated: 01/19/2013

Views: 1353

Phoenix Is the Median Increase Real Estate Leader According to Analysts
When it comes to the best places in the country to buy a home right now, the data is in! According to recently released MLS data from ZipRealty, Phoenix, Arizona is currently the national leader as far as the health of their real estate market. Coming in at a relatively close second is California’s Silicon Valley with Florida’s beautiful Tampa area coming in at third.
Just how much has the Phoenix area improved when it comes to the overall market?  HYPERLINK http://www.housingwire.com/news/2013/01/07/latest-mls-data-reports-phoenix-leads-median-increase Median home prices in Phoenix and the surrounding areas jumped from $116,000 to an amazing $158,000 in the short period of only one year. There are a few factors that have been theorized by experts to have contributed to this amazing surge, covering a span of time from November to November.
President of ZipRealty, Lanny Baker was quoted as theorizing that lighter housing inventories, consistent population rises, lower overall rates of local unemployment, and increased involvement or activity on the part of investors were all contributing factors.
This is no doubt great news for Phoenix! During the recent recession, it was one of the areas that was hit the hardest in terms of real estate value. However, it’s never been a better time to buy or sell a home in Phoenix, as the area is seeing some of the most impressive real estate recovery rates in the entire country. As a result, tracts of land and newly constructed properties are in incredibly high demand.
More people than ever before now are in a position to buy a home in Phoenix and these statistics are only expected to improve as we move boldly into 2013.
The Asanovich Team Guarantees your home sold in 30 days or less OR we Buy it!* To discuss this Exclusive Seller Program call us at 1-800-458-2158, ID #1072 or send us a request at  http://www.theasanovichteam.com/homeeval.asp.

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Richard Ashby

Ric Ashby is the Designated Broker and founder of Ashby Realty Group, LLC. Prior to forming the Ashby Realty Group, Ric was the top sales person for the third largest Real Estate company in Arizona (....

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