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Home » Arizona Real Estate Trends

Arizona Real Estate for the Scenic and Outdoor Enthusiasts

July 20, 2023 by Susan Celano Leave a Comment

If you’re in the market for a new home in Arizona and are looking for a location that is both scenic and offers plenty of opportunities for outdoor recreation, there are a few areas of the state that you should consider.

  1. Sedona: Located in the northern part of the state, Sedona is known for its stunning red rock cliffs and breathtaking views. The area is a popular destination for hiking, mountain biking, and rock climbing, with trails ranging from easy to challenging.
  2. Flagstaff: Located in northern Arizona, Flagstaff is surrounded by the Coconino National Forest and is home to the San Francisco Peaks, a mountain range that includes Arizona’s highest peak, Humphreys Peak. Flagstaff is a popular destination for skiing and snowboarding in the winter, and hiking and mountain biking in the summer.
  3. Tucson: Located in southern Arizona, Tucson is known for its beautiful desert landscape, including Saguaro National Park, which is home to the iconic saguaro cactus. Tucson is a popular destination for rock climbing, mountain biking, and birdwatching.
  4. The White Mountains: Located in eastern Arizona, the White Mountains are known for their beautiful forests and cool, mountainous climate. They are a popular destination for hiking, fishing, and camping, with trails ranging from easy to challenging.
  5. The Grand Canyon: Located in northern Arizona, the Grand Canyon is one of the most iconic and breathtaking natural wonders in the United States. It’s a popular destination for hiking, rafting, and sightseeing, with trails ranging from easy to challenging.
  6. Lake Havasu City: Located in western Arizona, Lake Havasu City is known for its beautiful lake and surrounding desert landscape. It’s a popular destination for boating, fishing, and water sports, as well as hiking and off-roading in the surrounding desert.
  7. Phoenix: Located in central Arizona, Phoenix is known for its year-round sunshine and access to a variety of outdoor recreational opportunities. The city is surrounded by mountain ranges and is home to several lakes and state parks, making it a popular destination for hiking, mountain biking, and water sports.
  8. Prescott: Located in central Arizona, Prescott is known for its beautiful mountain scenery and cool, pine-filled forests. It’s a popular destination for hiking, mountain biking, and fishing, with trails ranging from easy to challenging.
  9. The Verde Valley: Located in central Arizona, the Verde Valley is known for its beautiful forests and red rock cliffs. It’s a popular destination for hiking, mountain biking, and rock climbing, with trails ranging from easy to challenging.
  10. The Rim Country: Located in northeastern Arizona, the Rim Country is known for its beautiful forests and mountain scenery. It’s a popular destination for hiking, mountain biking, and fishing, with trails ranging from easy to challenging.

When considering a new home in Arizona, it’s important to think about what is most important to you in a location. Do you want to be near a lake or the mountains? Do you want to be in a city or a more rural area? Do you want easy access to outdoor recreational opportunities? By considering these factors, you can narrow down your search and find the perfect home in a scenic and active location that meets your needs.

Filed Under: Arizona Real Estate Trends

New Construction or Existing Construction, That is the Question

March 17, 2023 by Susan Celano Leave a Comment

When it comes to purchasing a home in Arizona, both new construction and existing homes have their own set of pros and cons. It ultimately comes down to personal preference and what is most important to the buyer. Here are some things to consider when making a decision:

New Construction: Pros:

  • The opportunity to customize the home to your own preferences, including finishes, appliances, and layout.
  • The ability to take advantage of energy-efficient features, which can save money on utility bills.
  • The potential for a home warranty, which can provide peace of mind and protection against costly repairs.
  • The possibility of lower maintenance costs in the long run, as everything is brand new.

Cons:

  • The home may not be ready for move-in right away, as construction can take several months to complete.
  • The cost of a new construction home is often higher than an existing home.
  • There may be hidden costs associated with customization, such as upgrades or added features.

Existing Homes: Pros:

  • Existing homes are typically more affordable than new construction homes.
  • The home is ready for move-in immediately, so there is no waiting for construction to be completed.
  • The neighborhood and surrounding amenities are already established.
  • The home may have mature landscaping, which can be attractive to some buyers.

Cons:

  • The home may not be in perfect condition and may require repairs or updates.
  • It may not be as energy-efficient as a new construction home.
  • It may not be possible to customize the home to your personal preferences.

Employing a realtor can assist a buyer in making the best choice for them by providing valuable insights and information about both options. A realtor can help a buyer understand the market conditions and pricing in their area, as well as the pros and cons of each option. They can also help a buyer navigate the home buying process, including making an offer, negotiating, and closing on a home.

Filed Under: Arizona Real Estate Trends

Arizona Cities Offer New Home Buyers What They Are Looking For?

March 7, 2023 by Susan Celano Leave a Comment

There are a number of factors that a new home buyer should consider when purchasing a home in Arizona. Some of the best areas for new home buyers to consider include:

  1. Phoenix: Phoenix is the largest city in Arizona and offers a wide range of housing options, from single-family homes to apartments and condos. The city is known for its warm climate, diverse economy, and access to a variety of amenities.
  2. Tucson: Located in southern Arizona, Tucson is known for its diverse culture, outdoor recreation opportunities, and desert landscape. The city offers a range of housing options, including single-family homes, townhomes, and condos.
  3. Flagstaff: Located in northern Arizona, Flagstaff is a popular destination for outdoor enthusiasts due to its proximity to the Grand Canyon and other natural attractions. The city offers a mix of single-family homes and apartments, as well as a range of amenities such as shopping, dining, and recreational opportunities.
  4. Prescott: Located in central Arizona, Prescott is a small city with a charming downtown area and a range of housing options, including single-family homes, townhomes, and apartments. The city is known for its mild climate and access to outdoor recreation opportunities.
  5. Yuma: Located in southwestern Arizona, Yuma is known for its warm climate and access to a variety of outdoor recreational activities. The city offers a range of housing options, including single-family homes, townhomes, and apartments.

In terms of amenities, these areas offer a range of options for new home buyers. Phoenix and Tucson, for example, offer a variety of shopping, dining, and entertainment options, as well as access to cultural attractions and sporting events. Flagstaff, Prescott, and Yuma also offer access to outdoor recreation opportunities, such as hiking, biking, and golfing.

Sources:

  • Zillow: https://www.zillow.com/arizona/
  • Visit Arizona: https://www.visitarizona.com/cities-regions/cities-regions

Filed Under: Arizona Real Estate Trends

The Benefits of Working with a Reliable Real Estate Agent

February 15, 2023 by Susan Celano Leave a Comment

Having a real estate agent can benefit both buyers and sellers in a number of ways. Here are some of the main benefits of working with an agent:

For buyers:

  • Access to a wide range of properties: Real estate agents have access to a variety of listings, including those that are not publicly advertised. This can give buyers a wider selection of properties to choose from.
  • Expertise and knowledge of the market: Agents have in-depth knowledge of the real estate market and can provide valuable insights and advice to buyers.
  • Negotiation skills: Agents are skilled negotiators and can help buyers get the best deal possible on a property.
  • Guidance through the process: Buying a home can be a complex process, and an agent can guide buyers through each step and handle any issues that may arise.

For sellers:

  • Access to a wider pool of buyers: Agents have a network of potential buyers and can help sellers reach a larger audience.
  • Marketing expertise: Agents can utilize their marketing skills and resources to effectively promote a property and attract potential buyers.
  • Negotiation skills: As with buyers, agents can help sellers get the best deal possible by negotiating on their behalf.
  • Guidance through the process: Selling a home can also be a complex process, and an agent can help sellers navigate the process and handle any issues that may arise.

While there are benefits to working with a real estate agent, some people may choose to go through the process without one. However, there are some concerns that may be raised by foregoing agent representation:

  • Lack of access to a wide range of properties: Without an agent, buyers may not have access to all of the listings on the market, which could limit their options.
  • Lack of expertise and knowledge: Without an agent, buyers and sellers may not have access to the expertise and knowledge of the real estate market that an agent can provide.
  • Lack of negotiation skills: Without an agent, buyers and sellers may not have someone to negotiate on their behalf, which could result in them not getting the best deal possible.
  • Lack of guidance through the process: Without an agent, buyers and sellers may have to navigate the complex process of buying or selling a home on their own, which can be overwhelming and stressful.

Overall, working with a real estate agent can provide a number of benefits to both buyers and sellers. While it is possible to go through the process without an agent, it is important for buyers and sellers to carefully consider the potential drawbacks of foregoing agent representation.

Sources:

  • National Association of Realtors: https://www.nar.realtor/working-with-a-real-estate-agent
  • Zillow: https://www.zillow.com/advice-thread/Benefits-of-using-a-Realtor/486727/

Filed Under: Arizona Real Estate Trends

Shoud You Buy Now? The Pros and Cons of the Current Phoenix Arizona Real Estate Market.

January 16, 2023 by Susan Celano Leave a Comment

The Phoenix, Arizona real estate market is currently experiencing strong growth, with the median home value standing at $269,000 according to Zillow. This represents an increase of 8.9% over the past year, and it is expected to continue growing in the coming years.

There are several pros to purchasing real estate in the Phoenix market at this time. One of the biggest benefits is the strong economic conditions in the state. Phoenix has a diverse economy that is supported by a number of industries, including tourism, manufacturing, and technology. The state’s low cost of living and favorable business climate have also contributed to its economic growth, which is expected to continue in the coming years.

Another pro is the increasing demand for housing in Phoenix. As the population of the city continues to grow, there is a higher demand for housing, which has helped to drive up home values. This trend is expected to continue in the coming years, which means that purchasing a home in Phoenix now could be a good investment.

There are also several cons to consider when thinking about purchasing real estate in Phoenix. One of the main concerns is the lack of affordability for some buyers. While the median home value in Phoenix is relatively low compared to other major cities in the U.S., it can still be out of reach for some buyers, especially those on a fixed income or with a lower credit score.

Another potential con is the potential for overbuilding. As the demand for housing in Phoenix increases, there is a risk of developers building more homes than can be absorbed by the market. This can lead to an excess supply of homes, which could put downward pressure on home values.

Overall, the Phoenix real estate market offers a number of pros and cons for potential buyers. While the strong economic conditions and increasing demand for housing are positives, the lack of affordability for some buyers and the potential for overbuilding are potential drawbacks to consider. It is important for potential buyers to carefully weigh the pros and cons and do their due diligence before making a decision to purchase a home in Phoenix.

Sources:

  • Zillow: https://www.zillow.com/phoenix-az/home-values/
  • U.S. Census Bureau: https://www.census.gov/quickfacts/phoenixcityarizona

Filed Under: Arizona Real Estate Trends

Arizona’s Real Estate Market’s 12-Month Market Forecast

January 3, 2023 by Susan Celano Leave a Comment

The real estate market in Arizona has been steadily growing in recent years, and it shows no signs of slowing down. According to Zillow, the median home value in Arizona is currently $261,000, which represents an increase of 8.8% over the past year.

One of the biggest factors driving the growth of the Arizona real estate market is the state’s strong economy. Arizona has a diverse economy that is supported by a number of industries, including tourism, manufacturing, and technology. The state’s low cost of living and favorable business climate have also contributed to its economic growth.

Another factor that has contributed to the strength of the Arizona real estate market is the state’s population growth. According to the U.S. Census Bureau, Arizona’s population has increased by over 23% since 2010, and it is projected to continue growing in the coming years. This population growth has led to an increased demand for housing, which has helped to drive up home values.

So what does the future hold for the Arizona real estate market? According to a report from the Arizona Association of Realtors, the 12-month market forecast looks positive. The report predicts that home values in Arizona will continue to rise over the next year, with the median home price expected to reach $269,000 by the end of 2022.

One of the main drivers of this growth is expected to be the continued population growth in the state. As more people move to Arizona, the demand for housing will continue to increase, which will likely lead to higher home values.

In addition to population growth, the Arizona real estate market is also expected to be impacted by the overall strength of the economy. As the state’s economy continues to grow, it is likely that more people will have the financial means to buy a home, which will also contribute to the growth of the real estate market.

Overall, the future looks bright for the Arizona real estate market. With a strong economy and a growing population, it is expected to continue to see steady growth in the coming years.

Sources:

  • Zillow: https://www.zillow.com/arizona/home-values/
  • U.S. Census Bureau: https://www.census.gov/quickfacts/arizona
  • Arizona Association of Realtors: https://www.aaronline.com/market-trends/

Filed Under: Arizona Real Estate Trends

Apache Wells Realty MONTHLY NEWS LETTER – February 2021

February 8, 2021 by Susan Celano Leave a Comment

Presented by: Susan Celano

Every year on February 14th, millions of people celebrate the holiday known as Valentine’s Day.

This looks like a lot of different things in many households, but one thing is sure; there is usually lots of hearts, lots of candy, perhaps some flowers , and lots of cards!

Valentine’s day wasn’t always so heart-candy-flower filled. In fact, the origin of it is actually a little heart-breaking to be honest!

It’s true that Valentine’s Day is a favorite for many Americans when it comes to holiday celebrations, but if you look at how it all started; it might be a little down-in-the dumps for you!

Let’s start at the beginning. The origins of Valentine’s Day can be found in Ancient Roman Times. Romans celebrated with a festival called “Lupercalia”. Many years later, the Christian church chose mid-February to celebrate a day called “St. Valentine’s Day”.

Because the Roman festival Lupercalia was held about the same time, the Church chose this time to try and persuade those party-goers at the Lupercalia festival to come to the church celebration instead.

Okay, so it was a party? What’s the big deal? There are lots of parties.

Well, we have to first look at who Saint Valentine was. In all honesty, there is not a lot known about the guy. In fact, there were possibly three different men named Saint Valentine in Church history.

One of these men was a priest who defied an emperor named Cladius who had banned marriage. Saint Valentine continued to marry couples against the emperor’s order. Ultimately earning Saint Valentine the death penalty!

In the late 400’s a pope named Pope Gelasius decided that Saint Valentine needed to be honored because he felt Valentine had acted bravely. The pope declared February 14th as “Valentine’s Day” in memory of Saint Valentine.

Arizona Real Estate Market Update February 2021
Maricopa County Real Estate Market Analysis February 2021
Pinal County Real Estate Market Analysis February 2021
Contact Susan Celano with Apache Wells Realty

Filed Under: Arizona Real Estate Trends, MONTHLY NEWS LETTER, Uncategorized

Buying vs Renting Real Estate: Which is Right for You?

December 2, 2015 by Susan Celano Leave a Comment

Are you wasting money renting?

Buying vs, Renting Real Estate: Which choice is right for you?

When it comes to Buying vs. Renting Real Estate everyone has heard the old line that renting is just throwing away money. But is buying really better than renting in all situations? The answer to this question depends heavily on individual reasoning, financial situation, and short-term and long-term goals. As an Arizona Real Estate qualified buyer’s agent, let’s break down some of these questions and find out if real estate is right for you.

Finances
The first thing to look at is pretty simple: Can you afford to buy a house? No matter how good a deal you find or how much property values are rising in your area, it just won’t be possible to buy a house if you’re already overloaded with credit card debt or can’t scrape together enough money for closing costs. While banks will often work with buyers to help them get adequate financing, it’s often a good idea to rent for a couple of years while you sort out any messy financial situations.

Additionally, understanding the various aspects of the lending process; what documents will need to be in order, what are acceptable debt to income ratios, what types of loans are available to you, and what dollar range can you be approved for are all part of the home buying process. Often times speaking with a mortgage professional can help you to determine your qualification status by completing a mortgage pre-qualification. Having the expertise of a knowledgeable real estate agent on your side can help you to prepare for the home buying process even if you are not yet able or ready to buy. [Read more…]

Filed Under: Arizona Real Estate Trends, Client Tips Tagged With: Apache Wells Realty, Arizona Real Estate, Buyer's Agent, Mesa Arizona, Mesa AZ Real Estate, Real Estate Agent Mesa AZ, trends in the Arizona Market

The Future of Arizona Real Estate

May 22, 2015 by Susan Celano Leave a Comment

The Future of Arizona Real Estate: We have all seen the housing markets do their thing over the last few years.  Chances are, if you are a home owner today, you have a much different perception of real estate and what it means to get in or out of the market.

In an industry that is historically dominated by investors that buy up “fire-sale” properties, who then flip them back into the market; identifying the proper trends of your particular area can be a little difficult.  There are several reasons for this, not the least of which is the plethora of information which exists for consumers.

Too often the market advice comes from unreliable sources which shape “perceptions” of what the real estate market is actually doing.  But this over stimulation of information is not all bad.  It simply means that you need to be able to separate the chaff  from the wheat. We know that by reviewing some of the most basic statistics and analytics of the housing industry, that the real estate market is finally seeing some “bounce-back” from  2007-2008 housing bubble which collapsed nearly the entire industry.

In a 2012 article, CNN identified the top 100 areas who were most impacted by the American Foreclosure epidemic.  Of all of these areas, none were hit harder than those markets in the South West Region of the United States.  Having been in Arizona at the time, I can assure you that this was a situation of epic proportions.  Foreclosure rates skyrocketed, new construction halted to a stand-still, and investor purchases went through the roof.

[Read more…]

Filed Under: Arizona Real Estate Trends Tagged With: Apache Wells Realty, Arizona Real Estate, Days On Market, Phoenix East Valley Real Estate, Real Estate Agent Mesa AZ, trends in the Arizona Market

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  • Arizona Real Estate for the Scenic and Outdoor Enthusiasts
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