| Arizona Real Estate Summary
The Arizona real estate market is one of the hottest around. It has become the new mecca for retirees and baby boomers. With its temperate winter climate and low humidity, and the open spaces, it is the new hot spot to retire to.
Arizona homes are hardly on the market before they are snatched up. There are many more buyers waiting for houses to be listed than there are sellers. This demand has driven Paradise Valley real estate prices up 20% or more. The average sale price for a home is over a million dollars.
The Phoenix real estate market is also a hot area, with subdivisions being built to accommodate growing families. The houses being built sell for an average $200,000 and have a waiting list of people willing to buy them. Houses that are listed only wait 10-20 days before being sold.
Arizona relocation is becoming more popular as jobs are being created at a fast pace to keep up with the services that residents need. Hospitals, malls, retail stores and restaurants are being built to keep the new residents happy.
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