Arizona, nicknamed as The Grand Canyon State, is located in the southwestern United States. It is best known for its desert landscape, scenic mountain ranges, sparkling waters and warm climate. Home to several race courses, holiday resorts and lush green golf courses, the state of Arizona boasts of a flourishing real estate market. Arizona real estate prices have gone through a continued rise over the past seven years. Therefore, the state attracts a plethora of real estate investors who wish to make a fortune through Arizona real estate investments.
There is an increasing demand for Arizona real estate, which in turn has led to its appreciation over time. Be it single-family homes, condominiums or business properties, prices have gone up for all kinds of real estate, and this upward trend seems quite sustained. A few major reasons behind this bullish trend are as follows:-
Arizona offers a multitude of recreational and sporting activities, such as hiking, fishing, golfing and horse riding. Affordable cost of living, calm and serene environment, relatively low taxes, and pleasant weather conditions have led to several retirees flocking to Arizona. In addition, several major businesses have relocated in Arizona.
Scottsdale, a city in Arizona, is one of the most sought after locations in United States. Scottsdale has a host of art galleries, museums, parks, grand prix tracks, open air theatres, polo fields and golf courses. Such factors make Arizona real estate a perfect investment avenue for real estate investors.
Though some properties in Scottsdale are rather high priced, most of Arizona real estate assets can be secured at reasonable costs. For instance, an average home in Phoenix would cost you around $300000. And considering the fact that home values have appreciated by 25% over the past 12 months, such an investment could well be regarded as a fruitful one.
All in all, Arizona real estate holds scads of opportunities for investors. It has managed to sustain an upward trend for the past several years, which is expected to continue well into the year 2007. With its preferable climatic conditions and booming economy, Arizona real estate is the perfect place to invest in 2007.
Copyright © 2007 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only. )
Joel Teo writes on various financial topics including Investment Properties in Las Vegas. Learn more about Investment Properties in Las Vegas in our Real Estate Investment Resource Site today.