Phoenix Real Estate Market is as Hot as Its Climate
May 25, 2012
We know you’ve been hearing a lot about the Phoenix real estate market as of late, and is there any wonder why? The Arizona real estate market is so hot right now, it’s practically on fire. Realtor.com just released their survey results that Phoenix tops the list for the top turnaround markets in the United States, and we couldn’t be happier. Not only does the improvements of the market mean that we, and our investors, are comfortable with our decision to close our Saguaro Series 2 investment fund, but it also means that there may be future possibilities available for us to create new investment opportunities in the coming months.
An article on Norada Real Estate Investments states that due to strong economic growth, once in a lifetime affordability levels, and a surge in investment activity the Phoenix housing market has shown great improvements in the past few months. “Once considered to be ground zero of the housing market collapse, Phoenix has orchestrated a dramatic turnaround in recent months and has considerably outpaced other distressed markets,” the article informs. In terms of investments, the article goes on to claim that investors have flooded the market, and now make up close to 45% of all buyers. “Investor demand is so strong that first-time buyers frequently have difficulty competing with investors who are buying with all cash, often resulting in bidding wars where homes sell above asking prices.”
To read the full article on Norada Real Estate Investments, click here.
About Capstone Real Estate
For the past 40 years, Capstone Real Estate has boasted the expertise and diligence required to properly select and comprehensively manage various real estate investment projects. Capstone is able to generate maximum returns from their investments by purchasing under-valued real estate and making it more accessible to potential investors. Our knowledge in real estate acquisition and finance, combined with founders who together have over 40 years of real estate experience have shaped a track record that speaks for itself. Reliability, leadership, and knowledge are a guarantee when you choose to invest with Capstone Real Estate.