Arizona Market Update: Great News!

[Jared Smith]

All,

In 2019 both dollar sales volume and median purchase price for single-family resales reached levels never before seen in the Greater Phoenix/Southeast Valley. Driving these levels up were a limited supply of available homes with high demand to own. High demand to own was fueled by record population growth and the number of people employed has never been higher.

As the population increases for the last 3 consecutive years, the US Census Bureau published data that showed Maricopa County (Greater Phoenix/Southeast Valley) gained more people than any other county in the US. Expect in 2020 that again, it will be the #1 county in the US for population growth! 

Also it is important to note that there are 1.6 MILL Housing starts for 2020.

2020 will be another fantastic years for real estate, building materials and investors!

If you have any questions on real estate in AZ please reach out.

-Jared

[Mike Anderson]

Good stuff Jared!   

Buckeye, AZ just west of Phoenix was named the fastest growing city in the United States!  Phoenix has tons of jobs coming and is a great place to live.   I expect the growth to continue as there is major construction everywhere in the city.