Continuing growth in today’s housing market makes Sunshine City a great investment – get in on the ground floor during pre-construction and get the home you want for the lowest price available! Prices may never be this low again, and homes are expected to move quickly – once they’re gone, they’re gone!!
According to current Arizona real estate trend reports, the average median price of a single-family home in the metro Phoenix area has jumped dramatically, showing an increase of almost $20,000 from 2004. Sales of both new and existing homes continue on a record pace, with demand being fueled by both repeat and first-time homebuyers taking advantage of lower mortgage interest rates and a more plentiful inventory in most markets. This trend is heavily influenced by the number of buyers outweighing sellers, helping push home prices up an average of 15 to 20 percent over 2004.
Pinal County has also seen sizeable gains this year, after building a reputation for affordability that has drawn buyers south from Maricopa County. Unincorporated areas in south Pinal County saw a 23.5 percent gain, having the highest median resale in the county at $350,000; Arizona City had a 28.9 percent jump, and Casa Grande saw gains of 24 percent over 2004 housing prices.
According to the latest Census Bureau reports, Phoenix is the eighth-fastest growing city and Pinal County is ranked as the sixth-fastest growing housing market nationwide; Arizona is the second-fastest growing state in the nation.