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There continues to be a huge pent up demand for homes and that demand will only grow. Our national economy added 4.3 million jobs in the past 2 years and for every two new jobs created, we historically see one new homebuyer.
There are currently lots of homes to choose from, prices are moderating and interest rates remain historically low.
Now is a the time to buy before the pent up demand begins to kick in and prices rise!
Now, Prescott Valley , the fastest-growing community in Arizona during the 1990s, along with neighboring Prescott and Chino Valley , is emerging as the state's primary regional center north of metro Phoenix .
The Phoenix-based Central Hockey League thought so highly of the potential of Prescott Valley , population about 37,000, that it heavily financed construction of the arena and brought the Sundogs to town for this.
That was more than a little shocking to many locals considering that the tri-community area is by far the smallest market in a league dominated by much larger places like Denver ; Albuquerque ; Oklahoma City ; Tulsa ; Austin , Texas ; and Memphis , Tenn.
Earthmoving is finishing for the 900,000-square-foot Crossroads Mall, which will be one of the largest retail centers in the state outside the Valley and Tucson .
Prescott Valley has 1,000 acres earmarked for business expansion near a local Ace Hardware distribution center, which recently announced it was increasing its space, from 633,000 square feet to 1 million square feet, and bumping up its workforce to 260. Town officials recently have been negotiating with two more companies about locating other distribution centers there.
Regional economic analysts say Prescott Valley has played its development cards exactly right.
"It's been the epitome of smart growth," said Teri Drew, regional director of the Northern Arizona Council of Governments in Prescott . "That part of Yavapai County is the best of both worlds: A climate with no extremes, and rising personal income, which has gone up 10 percent, to $34,000 annually, in the past two years.
In today's real estate market, timing is everything. If you own real estate that you're thinking of selling, I would be happy to provide you with a REALISTIC FREE Home Evaluation. |