Here is a list of homes available for sale in Stetson Valley.
Here is a list of homes that are for sale in Wild Horse Ranch located in Glendale Arizona.
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Here is a market update of Madison Vista. Click to see homes that are for sale and that have sold in the last 30 days. Contact Sean hahn for more information.
Search Results: 32 Properties
Last year, Maricopa County saw the largest population increase of any county in the United States, adding another 81,244 residents to its desert clutches. That makes eight straight years of population gains, according to the Census Bureau. This impressive bump doesn’t account for the temporary residents who make up a hefty amount of the county’s population part of the year. We’re referring to winter visitors, including those from Canada who come down every year for warmer weather and leisurely living away from the chilling snow and biting cold.
While those residents are considered temporary, some other Canadians have found a permanent residence here in the state: big businesses.
According to Glenn Williamson, founder and CEO of the Canada Arizona Business Council, Canada’s roots are starting to take hold and run deep here in Arizona. Currently, there are more than 400 Canadian businesses that operate out of our state, including VIQ Solutions, an artificial intelligence-based voice tech company that just recently set up its HQ here in Arizona.
Nearly 150,000 Arizona jobs are dependent on trade and investment with Canada as a result of the decades-old business relationship. Also, around 150 Arizona-based companies have expanded their international operations in Canada.
Business between Arizona and Canada comes in at around $4.4 billion in bilateral trade, but Williamson wants to see that number rise to $8 billion within the next three years, with a focus on opportunities in the services and aerospace sectors.
Canadian aerospace manufacturing company Bombardier, based in Montreal, currently operates a one million square foot facility in Tucson, an area of opportunity for businesses in an industry that continues to rise and bring jobs to a ready-made workforce in the region. Data shows that Arizona is surging in the cross-section of aerospace and manufacturing, boasting 1,200 aerospace and defense companies, which makes for an enticing opportunity for Canadian companies in these industries to strike while the iron’s hot.
“Canada and the United States have a massively integrated economy and Arizona is becoming more involved in this, which is why we are seeing not just new Canadian activity in Arizona but also Canadian activity being relocated here from the other 49 states,” Williamson said.
Williamson agrees that when it comes to news surrounding international business with our North American neighbors, most of the news is geared toward Mexico, especially with the wait-and-see scenario with the United States-Mexico-Canada Agreement (USMCA).
“Even with the uncertainty of the USMCA, Canadian companies are making broader decisions to set up here in the U.S. Any company from Canada worth its salt has an operation here in the U.S. anyhow,” Williamson said.
The updated free trade agreement would help to increase business opportunities between the U.S. and Canada, including here in Arizona.
“The USMCA is a very important piece of legislation to update the NAFTA, which is why Canada and Mexico are moving forward and U.S. president (Trump) is good with it as well. What is very frustrating is Congress playing political football with this agreement,” Williamson said. “They should bring it to a vote now and move forward. My fear is they will not and the NAFTA will then be at risk and if that happens it will significantly harm the North American economy.”
Article originally posted on AZ Big Media on August 7, 2019
There’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment.
Home values have been appreciating for several years now, growing at a strong, steady, and impressive pace. In fact, the average annual appreciation rate since 2012 has nearly doubled the average rate from the more normal market of the 1990s (think: pre-bubble).
Appreciation, however, is projected to shift back toward normal, meaning home prices will likely keep climbing over the next few years, but they are not projected to continue to increase at such a high rate.
Here’s What That Means for Homeowners:
As noted in the latest Home Price Expectation Survey (HPES) powered by Pulsenomics, experts forecast an average annual appreciation rate closer to 3.2% over the next five years, which is more in line with a historically normal market (3.6%). The good news is, there’s still time to take advantage of the current strength of home prices by selling your house now.
Looking at the projections as they stand today, 2019 is slated to drive the strongest appreciation as compared to the upcoming few years. With average home prices still on the rise, the pace at which they are predicted to continue increasing will likely soften by 2020.
If you’re thinking about selling your house, now is a great time to make your move. Don’t get stuck waiting until projected home price appreciation rates potentially re-accelerate again in 2023. You’ll likely earn the greatest return on your investment by selling now before the prices start to normalize next year.
Arizona is open for business, a fact becoming more apparent with each new company setting up shop in the state.
Arizona Governor Doug Ducey says, “burdensome regulations and crippling costs” are driving both large and small businesses to move to Arizona and take advantage of the state’s innovative-friendly regulation, low taxes, qualified workers and high quality of life.
“With a booming economy, budget surplus, talented workforce, low regulation and tax environment, and unbeatable quality of life, it’s no wonder business leaders increasingly want to come to Arizona,” Gov. Doug Ducey (R-AZ) said in a statement. “The word is out on Arizona. We are open for opportunity. And we will continue to implement smart policies that grow jobs and allow us to continue investing in the things that matter.”
For the last four years, Chief Executive Magazine has ranked Arizona in the top ten best states for business. California has continuously ranked last.
“Business is booming in Arizona,” said the report overview. “Amazon, Acronis, Valor Global and TEKsystems have announced expansions here in the past year, and Infosys will soon create an innovation hub in Phoenix that will hire 1,000 workers by 2023.”
Since 2015, 49 California companies have chosen to set up shop in Arizona, including ZipRecruiter, Stitch Fix, Apple and Google.
“There’s definitely a trend of California businesses leaving the state of California,” Thiel Capital managing director Jack Selby said. “Unlike other states that are attracting the California transplants, I think Arizona has the unique advantage that they are still approximate to California… So, unless you’re completely divorced from California altogether, which I think is difficult to do, setting up shop in Arizona still gives you the ability to connect with California relatively easily.”
Capitalizing on California’s “burdensome laws” and increased cost of living, the Greater Phoenix Economic Council (GPEC) launched the #CAStruggles campaign to attract high-tech companies.
The campaign has 24 vehicles with “visit TimeToGetOut.io” mobile billboards that will “flood major Silicon Valley corridors.”
The website promotes the Greater Phoenix area as a location of choice for both businesses and individuals, touting a variety of benefits like a lower median home cost, lower corporate income tax and lower top individual income tax rate.
“Today, California technology, corporate services, and manufacturing enterprises now comprise one-third of the 300+ companies evaluating Greater Phoenix,” GPEC reports.
According to GPEC, the spiraling cost of living is one key factor driving people away from California.
“California’s become a very expensive place to live, so the housing issue is the most pressing for the state,” Selby added. “Until California sorts out its housing issues…I don’t think the trend is going to reverse, it may slow down but it very well could speed up.”
The migration of California businesses to Arizona has brought more than 18,000 jobs and more than $9 billion in capital, the governor’s office reports. But companies aren’t the only ones moving to Arizona. In 2017, more than 59,000 Californians moved to Arizona.
“Arizona offers many competitive advantages over California, and the state remains a top target market for the ACA’s business attraction efforts,” according to an Arizona Commerce Authority representative. “Arizona also offers an unmatched quality of life. The state boasts 300+ sunny days a year – the most in the country – four seasons, 22 national parks, 7 pro sports teams, and over 400 golf courses.”
“I don’t think California has a monopoly on innovation or entrepreneurship,” Selby said. “Phoenix is kind of an untapped resource. As companies are coming here more and more, they realize that there’s world-class talent that’s being grown here that’s ready to be harvested.”
Article originally posted on AZ Big Media on July 30, 2019
Above: A Maracay Homes community is seeing a direct impact from downtown Phoenix’s recent tech boom and has sold an unprecedented 65 new homes in 60 days.
In 2008, Arizona was hit hard during the Great Recession, but the state has bounced back and is seeing a booming Arizona real estate market.
CBRE Group, a commercial real estate company, predicts that Arizona will have a positive economic outlook in 2019 due to employment growth, corporate expansions and a healthy housing market and wage growth.
“I’ve been studying the Arizona economy for quite some time and…I think that we’re going in the right direction,” said Rounds Consulting Group President Jim Rounds at the Valley Leadership 2019 mid-year review breakfast.
According to real estate company Zillow, the median home value in Phoenix is $242,800 and home values have gone up 5.5% over the past year. The market is predicted to rise another 2.6% by May 2020.
Demand for multifamily housing has outpaced new supply for eight-years, with the exception of 2016, partially because of employment growth, low vacancy and affordable rent, according to CBRE.
But it’s not just the housing market seeing growth, the commercial real estate sector is also heating up.
According to CBRE, net absorption has outpaced new supply since 2011, further pushing down the vacancy rates. In the recessionary peak, Phoenix saw 26.2% vacancy. In quarter four 2018, the state saw 15.2%.
“We’ve seen robust employment growth in different sectors like finance and tech. Those sectors are obviously office users,” Jessica Morin, director of market analytics at commercial property company CoStar Group, said. “So now there’s almost a new concern for Phoenix, it’s are we actually building enough space?’”
According to Morin, office occupiers are utilizing Tempe and Chandler for their space. CBRE echoes her sentiment reporting that companies sought spaces along the Loop 101 and Loop 202.
“In terms of our under construction, we’re seeing a lot of construction happening in pretty much two submarkets, Tempe and Chandler. Those account for about 50 percent of our new construction,” Morin said.
“Retail demand was driven by grocery, fitness and discount retailers who followed new rooftops in the Southeast Valley and Northwest Valley. Many of these retailers built new, rather than absorbing vacant and outdated space,” CBRE reported.
According to Rounds and Morin, the market could remain hot if public policy continues to attract individuals and businesses to the state.
“2019 has been very successful so far for the real estate and development industry. While the summer is only beginning in the Valley, smart investors are already finalizing their plans for the rest of the year and making decisions to prepare for 2020,” Cheryl Lombard, president and CEO of Valley Partnership, added.
Article originally posted on AZ Big Media on July 3, 2019
Arizona ranked second in the nation for personal income growth during the first quarter of 2019, according to new data released by the U.S. Bureau of Economic Analysis.
Arizona had the second-fastest personal income growth from Q4 2018 to Q1 2019. Arizona’s annualized growth rate of 5.5 percent beat out the national rate of 3.4 percent. Arizona also had a faster growth rate than every neighboring state, in addition to states such as Texas, Florida, and California.
Arizona ranked in the top ten states for per capita personal income growth in the same period. Per capita personal income grew at an annualized rate of 3.8 percent compared to a national rate of 2.8 percent.
“Arizona’s booming economy is delivering larger paychecks for our citizens,” said Gov. Doug Ducey. “With personal income growth outpacing the national average, Arizonans have more money in their pockets to provide for their families. Our growth is thanks to the hard work of job creators, entrepreneurs and employees. We will continue to focus on creating an economic environment that brings more jobs and opportunity to our state.”
Earnings were a driving factor behind Arizona’s income gains. From Q4 2018 to Q1 2019, Arizona’s earnings increased at an annualized rate of 4.9 percent, the fourth-fastest rate among all states. Sectors that contributed most to the increase in earnings were health care, construction, leisure and hospitality and professional and scientific.
Arizona continues to lead the nation for economic growth, ranking fourth in the U.S. for GDP growth last year. Since 2015, Arizona has added more than 300,000 private sector jobs. Arizona also ranks third in the country for economic momentum, fourth for population growth and fifth for personal income growth in 2018.
Article originally posted on AZ Big Media on June 27, 2019