Arizona, the Grand Canyon State, is probably one of the hottest real estate markets in the United States. The market is even more prolific in the city of Phoenix and in areas surrounding it. Arizona real estate has appreciated on a consistent basis over the past few years and there seem to no visible factors that could hinder its continued increase.
Prices for all housing types have moved steadily upwards - be it single-family homes, condominiums, duplexes or business properties.
Cities like Phoenix, Scottsdale, Gilbert and Chandler continue to be highly favored locations in Arizona. These regions have experienced real estate appreciation from a low of around 10 percent to a high of around 50 percent. The reason behind such appreciation is the steady demand for Arizona real estate, which in turn is owing to the following major factors:-
