Features of real estate market in Arizona

Real estate in Arizona is in high demand at the moment. This fact can trigger the growth of prices for it in future. The cost of one square foot of the property makes up $ 190. Houses in Arizona can also be purchased at auction, the price at auctions are lower by 10% -50% of their market value.

Real Estate in Phoenix
Phoenix is the largest city in the state and its capital at the same time. It is the sixth largest city in the United States. Phoenix population is 1 450 000 inhabitants. This is the driest and hottest city in the country. Since 2009, the demand for real estate in this city has increased, thereby increasing the paces of residential property construction. The price on houses and apartments is stable. House in Phoenix costs $ 130 thousand on average.

Real Estate in Tucson
Tucson is the second largest city in Arizona. Investing in real estate in Tucson is a perfect option for those people who have a desire to become the owners of affordable housing and prefer to live in a quiet town. Arizona real estate is relatively inexpensive, but since the market prices are not so stable, the situation may change.

Read how to equip a house quickly.

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