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RealVision view of the Phoenix Real Estate Market
RealVision Partners continuously evaluate the Phoenix real estate market and after extensive review of past, present and future trends, we feel we have put in place an exceptional plan for Arizona real estate investments.
Through the power of leverage and holding an investment property for 2-5 years, you will potentially realize returns on your initial investment many times over. 'We know this is a bold statement but: these market conditions exist and with our plan we believe it will happen for the investor willing to take this calculated risk.
Why are we so confident about the Arizona real estate market?
- The Phoenix metro area has grown at an approximate rate of 100,000 people per year for the last 10 years and Arizona is the second fastest growing state in the Nation.
- Phoenix is one of the fastest growing cities and population is approaching 1.4 million today.
- With a population of 1.4 million, the state capital Phoenix ranks as the nation's fifth largest city.
- One in every 175 Arizona housing units received a foreclosure filing, the nation’s fourth highest Real Estate Market Foreclosure Rate
Why is Phoenix expanding at such impressive numbers? Simple:
1. Quality of Life
2. Climate
3. Economic opportunities
"By the year 2015, the Metro Phoenix area is projected to grow to more than 4.15 million."
Consider another fact about the future of the Phoenix real estate market..."For every 2.5 people relocating to Arizona, one dwelling unit is needed." This means, "40,000 Phoenix homes needed for every 100,000 people."
These numbers in themselves are remarkable, but if you consider how Phoenix has become a national, as well as an international city of designation, we feel Arizona Real Estate Investment is a great opportunity. Even though housing prices in the Phoenix Metro area have dropped tremendously; it translates into opportunity. Purchase homes for half of replacement cost!!!
"Yes the economy is down...Yes home values are at record lows...and yes Arizona Foreclosures are entering the market place at record pace...But, this is only a bump in the road for the Phoenix Real Estate Market."
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