Why Invest in Real Estate in Phoenix, Arizona?
For decades, Phoenix Arizona has been one of the fastest growing metropolises in North America. During the past 15 years alone, the population of Phoenix has increased by nearly 50%! Two of the major factors are affordability and weather. Phoenix Arizona averages over 300 days of sunshine per year and attracts a large snowbird contingent as well. In a recent survey of US cities, Phoenix Arizona ranked 5th highest in overall resident happiness!
Business & Culture in Phoenix Arizona
Besides being the capital of Arizona, Phoenix is the most prominent hub for business and culture in the Southwestern U.S. Phoenix has been growing at a lightning fast pace for the past several decades, and is consistently at the top of national rankings for population growth, job growth and new home development.
With one of the lowest costs of living compared to other major cities, and all of the amenities one would expect in a modern metro area, Phoenix Arizonax is an excellent location for business and residents to make home. Substantial growth is projected to continue for the next several decades.
The greater Phoenix Arizona area is driven by high tech, biotechnology and aerospace industries. World leading companies such as Intel, Avnet, Motorola, Honeywell, Allied Signal, and Boeing make Phoenix their corporate and regional headquarters. Industry leaders such as American Express, Phelps Dodge, Prudential, Charles Schwab, US Airways and the Mayo Clinic also have major operations in Phoenix. In the past few years, the Translational Genomics Institute was established in Phoenix, and is now an incubator for world-class research and biotech spinoff technologies and companies.
Leisure Life in Phoenix Arizona
Phoenix Arizona is a great place to relax and have a great time! Some of America's best golf courses are in Phoenix, which is also home to several professional sports franchises such as the Arizona Diamondbacks (MLB), the Arizona Cardinals (NFL), the Phoenix Coyotes (NHL), and the Phoenix Suns (NBA), and other significant teams in arena football (Arizona Rattlers), women's basketball (Phoenix Mercury), and lacrosse (Arizona Sting).
In addition, nine MLB teams conduct spring training throughout the Valley, Phoenix International Raceway is a major venue for NASCAR, and the brand new Cardinals stadium hosted the 2008 Super Bowl as well as the BCS Tostitos Fiesta Bowl.
With over 300 days of sunshine annually, there are more choices for world-class golf, hiking, biking and water sports than you can imagine in the Valley of the Sun!
Real Estate Market in Phoenix Arizona
There are good values throughout the entire U.S. right now. A couple of distinct advantages Arizona has over the Florida and California markets are lower average prices, and the big one, much lower taxes. Arizona has by far the lowest tax rate on the purchase, carry, and sale of real estate assets. Additionally, Florida has extremely high homeowners insurance rates when compared to Arizona.
Home to over 4,000,000 people, greater Phoenix boasts twice as many residents as Vancouver, BC and more in fact than the entire province of BC. Come see why nearly 100,000 new residents move to Phoenix, Arizona each year!
If you are considering any other type of property, investment, or holdings in Phoenix Arizona, we offer a wide range of real estate investment opportunities. Be sure to CALL PHOENIX INVESTMENT FIRST at 604-308-5262 for all your investment property and real estate enquiries for the Phoenix Arizona area.