Arizona has become one of the fastest growing real estate markets in the United States. With appreciating property value and growing communities, it is not only a popular retirement spot, but also a growing and diverse community.
Not only the biggest, but also the fastest-growing real estate market in Arizona is Phoenix. As both the capital and the economic center of the state, Phoenix is one of the largest cities in the entire country. Phoenix is always growing and changing and in fact has grown so large that it now encompasses neighboring areas, such as Scottsdale and Tempe. The weather in Arizona may be warm, usually breaking 100 degrees in the summer, but low moisture keeps it quite comfortable. Winter nights can get cool, but it still remains in the 70s during the day. Phoenix is home to major league baseball, basketball, football, and hockey teams.
Flagstaff has more of a traditional Midwest feel to it. Unlike Phoenix, Flagstaff has a small town ambience. Flagstaff finds itself right at the foot of Route 66 and is home to Arizona State University. Many of the nearly 30,000 students who attend the university are among Flagstaff’s residents, making this the ideal location for someone who likes the atmosphere of a college town.
The real estate market in Arizona still remains very modest despite its steady rise. Most homes in Arizona reach an average price barely breaking $300,000, making it an excellent location not only for the average home buyer but also for the savvy investor.