You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM.
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
REAL ESTATE | AZBIGMEDIA | MICHAEL HILLS 10/10/2021
About AZ Big Media https://azbigmedia.com/
The U.S. housing market has weathered a challenging 2020. Unprecedented events such as a global pandemic and a tumultuous presidential election have fueled a period of economic uncertainty. However, despite these challenges, recent research shows that Arizona’s real estate market will see an 8.2% appreciation in house prices from the beginning of 2021 through September, making it one of the hottest real estate markets in the country. This market forecast isn’t surprising considering that Arizona has a history of exponential growth in property value since Q1 2000.
The predicted growth is catalyzed mainly by low property inventory and low mortgage rates. While buyers are attracted by low mortgage rates, the low inventory forces them to compete with desirable property and locations, which ultimately bolsters the property’s value.
That said, below are some of the most promising real estate markets in Arizona:
1. Phoenix
Phoenix is Arizona’s most populous city and is considered one of the largest housing markets in the United States and also one of the hottest real estate markets in the U.S. It features a combination of beautiful weather, a booming economy, nightlife, prestigious restaurants, and shopping, which continue to draw people to the metro area.
READ MORE: 5 Arizona housing market predictions for 2021
READ MORE: Phoenix No. 2 among hottest housing markets of 2021
Short-term rentals, in particular, are thriving thanks to the city’s tourism industry, which brings tourists every year with major events like the Phoenix Film Festival and a vast collection of golf courses. Of course, Phoenix’s short-term rental industry was hit hard by the COVID-19 pandemic. However, the industry has shown resilience with relatively fair returns as investors implement safety measures to curb the spread of the virus and encourage guests to feel safe.
Additionally, Phoenix’s affordability is attracting the growing population of remote workers eyeing homes in the suburbs as opposed to crowded cities. They want affordable homes with office spaces and an appealing, warm climate, all of which can be found in Phoenix.
2. Scottsdale
For decades, Scottsdale’s real estate market has been growing thanks to its high employment rate, good schools, and growing tourism industry. This makes it a desirable area for families and young professionals to settle. As such, investing in condos, apartment complexes, or single-family homes for traditional renting or vacation options is a great way of maximizing returns and capitalizing on one of the hottest real estate markets.
Essentially, the traditional rental is thriving mainly due to the high price to rent ratio, standing at 23 according to recent findings. Therefore, with home prices on the rise, residents will rent out properties rather than buy their own. Even though the mortgage rates are low, they won’t offset high the cost of property for all buyers.
As an investor, the only downside to Scottsdale’s high property price is that you’ll spend more on initial investment than other locations on this list, but you’ll likely enjoy guaranteed returns.
About AZ Big Media https://azbigmedia.com/
3. Tucson
Tucson is a family-friendly city whose cost of living is 6% lower than the national average. The “old pueblo” town of Tucson boasts excellent public schools and is surrounded by beautiful outdoor scenery, making it a desirable choice for families. In particular, Corona de Tucson stands out as the most promising real estate market in the larger Tucson city. The town is an excellent place for investing in long-term rentals for single-family homes given its proximity to schools and low crime rate. This is because the median home value here is quite pricey, which drives most residents to rent. Additionally, the downtown area has a slew of thriving businesses, making it ideal for commercial real estate investors.
4. Tempe
If you are looking for long-term property investment in Arizona, then Tempe town is the go-to-market. In fact, Arizona State University is located in Tempe, in addition to more than 20 other colleges within the town’s proximity. The great nightlife and a growing number of commercial buildings in Tempe have catalyzed its growth as an urban center with a demand for college rentals and commercial property.
Moreover, Tempe has seen its job market increase by 3.3% and is expected to grow by a whopping 49.9% over the next 10 years. For reference, the U.S. average for the next 10 years is 33.65%. With such promising economic growth, investors can expect a high demand for houses in Tempe.
5. Prescott
Prescott is a smaller town compared to other towns in Arizona. However, unlike most towns in this list, most residents here prefer homeownership, as evident from the town’s growing number of homeowners. Single-family home units are the most common as most of its residents are young families setting their roots in this town. Prescott is also home to several colleges and universities, making it a good place to buy traditional rental properties and commercial real estate. For novice investors with a limited budget, the town makes a good place to venture into real estate, given its relatively low median home value.
Arizona Real Estate Market Outlook
Arizona is becoming one of the top destinations for domestic relocations due to its strong economy and stable housing market. Its warm weather and excellent restaurants also make it a popular tourist destination. Thus, building your real estate portfolio with Arizona properties should be part of your growth strategy. However, before making any investment, it’s best to consult an experienced real estate agent for guidance on how to break into the market and scale your investment.
About AZ Big Media https://azbigmedia.com/
Michael Hills is vice president of brokerage at Atlas Real Estate.
SEE IT ALL: https://azbigmedia.com/real-estate/residential-real-estate/5-hottest-real-estate-markets-in-arizona/
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
FROM ME: FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international
What is a CCIM. In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
CCIM DEAL MAKERS FALL 2020 THE BIGGEST DEAL WALTER UNGER, CCIM, WITH WEST USA COMMERCIAL DIVISION IN PHOENIX REPRESENTED GCG HOLDINGS LLC IN ITS $29.43 MILLION SALE OF GOLD CANYON GOLF RESORT AND SPA IN GOLD CANYON, ARIZ., TO GOLD CANYON MJ LLC.
CCIM DEAL MAKERS FALL 2020 THE BIGGEST DEAL / WALTER UNGER, CCIM, WITH WEST USA COMMERCIAL DIVISION IN PHOENIX REPRESENTED GCG HOLDINGS LLC IN ITS $29.43 MILLION SALE OF GOLD CANYON GOLF RESORT TO GOLD CANYON MJ LLC.
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
PRESS RELEASE: Gold Canyon resort sells for $29.4M. Walter Unger CCIM from West USA Commercial Division Brokered the Transaction.
http://walter-unger.com/gold-canyon-resort-sells-for-29-4m/
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM cell: 520-975-5207 walterunger@ccim.net
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Reasons to Consider me for Commercial Referrals
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