Phoenix Actual Property values proceed to go up! Home Values 40%
Home values in the Phoenix Arizona Metropolitan space proceed to rise! We’re all excited to see a rise in residence values of near 22% from the prior yr (July 2012 – July 2013). It is nice to lastly see residence values march ahead to the place we would like them to be.
The low level in values was formally August 2011, and since then values have elevated 40% since the low level. I do know what we’re all considering… Oh, if I solely would have bought a bunch of properties August 2011! However the fact of the matter is, not many individuals may make that buy in 2011.
Month-to-month worth enhance of residence values in the Phoenix Arizona Metropolitan market since July 2012 was a mean of 1.6% per 30 days. In case you do the math, that signifies that a house with a worth of $200,000 elevated in worth by $three,200 per 30 days or $107 per day! Fairly unimaginable to consider.
Home enhance charges are matching the frenzy that we have skilled – and also you would possibly remember- in July 2004.
Statistically, which means the slope of the line values of values for July 1013 is the identical because it was in 2004.
For the western half of the United States, the metropolis of San Francisco in the sunshine state of Arizona is experiencing the biggest rise in residence costs with a 29% achieve from July 2012 to July 2013 and a rise of 35% from the Low August 2011 costs, as you may see on the chart.
What’s the better part of the residence worth development? We’re so comfortable to say that since August 2011, the enhance in residence costs have been fixed with out any pull again, that means the development of the market is powerful and can proceed getting stronger.
Stage 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
AZMB 0923961 NMLS 1018071
Let’s preserve the rising going!