As the new year quickly approaches, so do new housing market evaluations.  And if you happen to own property in the Phoenix area, then you are in luck.  According to Realtor.com, Phoenix has been predicted to experience some explosive growth in the housing market. Out of 100 areas listed on their site, Phoenix has been chosen as its projected number one; and who could argue with that?  With its heterogeneous population mix of both millennials and baby boomers, ideal year round weather, and expanding suburbs, it makes for a great community to be a part of. This combination of factors attracts people from all over the country to want to live in the area and is driving demand up like nowhere else in the country. 

Many millennials are looking to buy their first home oon and the stats from Realtor.com show that they are looking to the western states as their market of choice. They seem to prefer the warmer and more predictable weather along with a diverse population that offer a wider depth of experiences.  This provides a great opportunity for the Phoenix area to continue to experience above average growth in the housing market. This will drive up property values across the board with predictions around 6% growth in price. This will be coupled with a large uptick in sales in the area as well possibly reaching as high as 7.24% presenting a nearly unparalleled opportunity for the area.  No matter where you are located in the Phoenix-Scottsdale-Mesa area, you will soon see an increase in your property values which will present you with new monetary possibilities that can open the doors to new experiences.  

After years of disappointing performance, there are real signs of life in the Arizona real estate market. 

As a free service to All About Arizona News subscribers you can now find out the value of your home!  Simply complete the information below to find your home’s value today.

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