There are plenty of reasons why Scottsdale is always a good idea to get real estate. The prime residences and the desert backdrop, the Phoenix and Scottsdale golf communities and the upscale living make owning Scottsdale property a good idea.
PR-Inside.com: 2015-01-09 23:24:51
Scottsdale is a special city located in Phoenix right in the heart of the Sonoran Desert. It is the most sophisticated, charming and culturally rich city in the mid-west. When it comes to the kind of people who make Scottsdale their home, they range from ordinary Blue-collar workers who are employed in the area, the old set drawn to the private club type of living to the jet-setters who have made Scottsdale their second home.
Since 2009, investors have been taking up houses in all-cash deals to staunch the real-estate market in Phoenix. This has driven the region's home pricing up and reduced the supply of Phoenix homes for sale. 2012-2014 brought with a new set of investors, the kind that deal with million dollar listings. Investors come from near and far. The reason why big named investors are looking to increase the 25% stake they have in the Phoenix AZ Real Estate is that Phoenix has that air of timelessness. There are some New York based investors who have turned villas, condos, apartments and houses into rental properties. There are some people who have bought Phoenix properties not because they can inhabit the buildings but so that they could turn the real estate property into a business. Now there are more than 300,000 homes that are owned by real estate investment trusts and hedge funds that are in various stages of renovation whilst others are being rented out by absentee landlords. There is a definite demand for Phoenix AZ Real Estate which means the prices have come up and those who've held on to property can now hope to make some profit if they sell their property now.
Things have changed, and although the recession has somewhat eased-up a lot of property owners have held out for better real estate prices. A lot of Phoenix and Scottsdale property owners might still believe that we are still in a recession and have a housing crisis which is why there is a delay in the number of housing being put up for sale.
Many Phoenix home owners and some Phoenix Realtors still believe that we are in the midst of a housing crisis and are delaying putting their homes up for sale. From most people's perspective, selling a house might be a battle but it shouldn't be, especially with the price of real estate inching up as it has and the demand being there. Unfortunately, according to research 58% of the populations still think that we have a housing crisis, and almost 20% of the population still believe we haven't seen the worst of it yet. There is a lot that people don't know about this so-called housing crisis, like the fact that it began before 2006 but people only began to notice it in 2008. The fact that most of the parts of the country have been into recovery since late 2011 will only be apparent in 2014 or even 2015. What those years will bring is a mystery but if you have property investments in Phoenix and hate to deal with the upkeep and issues that most landlords have to face, this is the time to sell your property. Find Phoenix realtors or a Scottsdale realtor who is in tune with the economic dynamics of real estate. Find someone who is not quick to predict gloom without explaining things in laymen's terms before including your property in his Phoenix Homes for Sale listings.