Scottsdale Homes and Phoenix Homes Remain Hot for Real Estate Investors

scottsdale realtor Jen Wehner 480-748-6925Two things have historically held true when it comes to real estate investment dollars being spent the Arizona market. In the best of times, investors move full force on the real estate bandwagon – most recently financing everything from subdivisions in outlying cities and towns to some fantastic urban condos in downtown Phoenix and Tempe. Recently Scottsdale has had some amazing lofts and condo projects come to fruition. Several luxury Scottsdale homes for sale are being picked up by investors as well. In the hardest of times, investors also gravitate toward real estate, hunting for bargain buys on foreclosed homes and bank owned commercial properties. These investors leverage off population growth, job growth, and ride out the storm until Arizona’s economy rebounds.

Stan Barnes, CEO of Copper State Consulting in Phoenix and a former state lawmaker, said those with established money in the Valley still feel more comfortable investing in real estate developments – even after market falls apart like the current one – rather than taking chances on risky start-up companies or entrepreneurs. “People in California chase new high-tech companies. People in Texas drill for oil. People in Arizona invest in real estate. That’s just the way it is, and likely will be as long as we are the fastest-growing state in the union,” said Barnes, whose firm does political and communications consulting for private-sector clients.

In a lot of areas in Arizona, particularly the Phoenix Metropolitan, there is a lack of traditional sales. Up to 75% of the market may consist of short sales and foreclosures, limiting the choices of some buyers. Arizona real estate investors looking to flip homes see a great opportunity in fixing up and selling homes to these buyers, eliminating the wait time of short sales, or the challenges bank-owned homes may come with.

Arizona real estate investors are also seeing the opportunity in holding real estate long term, as both prices have come down and in many areas rental rates are up. We have probably never seen a better time to invest in real estate as we do this year, as real estate cash flow and return on investment are the best they have been in over a decade. The interest rates have remained favorable for both traditional home buyers and real estate investors. I hope you enjoyed this article.

If you are an investor looking to invest in Scottsdale homes or Phoenix homes please contact Scottsdale Realtor Jen Wehner today at toll free at 877-293-3259 OR email Jennifer@JenniferWehner.com