Here’s how Arizona population boom is impacting the economy

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.  

ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, PLEASE CALL ME?

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.

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LOOKING FOR SELLERS AND BUYERS.  YOU MISS 100 PERCENT OF THE SHOTS YOU NEVER TAKE, AND IF YOU THINK IT IS EXPENSIVE TO HIRE A PROFESSIONAL TO DO THE JOB, WAIT UNTIL YOU HIRE AN AMATEUR.

Walter Unger CCIM – cell: 520-975-5207 –  walterunger@ccim.net

CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY

bigAZBIGMEDIA  December 1, 2023

Arizona has become a magnet for a significant migration wave, with Phoenix at the epicenter of this population boom.

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The population has increased by 11% over the past decade, outpacing the national growth rate, according to the U.S. Census Bureau.

LEARN MORE: These 4 Valley cities rank among 15 fastest-growing cities in U.S.

This influx of residents brings significant economic growth to the state of Arizona as well.

Over the past decade, employment increased by 492,645 jobs, to 3,030,216 jobs in 2020 from 2,537,571 jobs in 2010.

Additionally, the median sales price for all housing types during the month of May this year was down 3.2% from a year ago at $350,390, according to the Arizona Association of Realtors.

Phoenix, as the state’s capital and largest city, has borne the brunt of this growth. The Greater Phoenix Chamber reports that the metro area’s population swelled to nearly 5 million, making it the fifth most populous city in the United States.

For many, the move to Phoenix is fueled by job opportunities and economic growth. Frank Doyle, the vice president of sales for an engineering company, explained the reason for his move to the Phoenix area.

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“I kept hearing a kind of buzz around jobs in Arizona,” Doyle said. “There were opportunities here, so I took one and moved to Phoenix and so far it’s been great.”

According to experts, Arizona is projected to keep rising in employment and job creation rates.

The state Office of Economic Opportunity predicts that Arizona will add about 477,968 jobs over the next 10 years.

This recent economic growth is marked by a significant number of new residents to the state, an increase in job opportunities, and a thriving real estate market.

Andreas Kostol, an economics professor at Arizona State University, elaborated on the connection between economic growth, and a population influx.

“The easiest way to explain how it works is that population growth leads to economic growth,” Kostol said. “And economic growth attracts population growth.”

It’s important to note that there are other factors that affect economic and population growth, but they have an incredibly close relationship, Kostol said.

Experts say that the recent increase in Arizona residents is also partially accredited to a thriving real estate market.

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The Arizona Regional Multiple Listing Service provides a glimpse into the state’s housing market dynamics. Home sales have seen a steady increase, with a notable surge in demand.

Median home prices have risen, reaching $350,000, well below the national average.

This affordability, coupled with a growing demand for housing, has propelled Arizona into a vibrant real estate market, attracting both buyers and investors.

Phoenix real estate agent Andrew Piane, commented on the nature of Arizona’s current housing market.

“I tell all my clients it’s a buyers’ market right now,” Piane said. “The market is great, and more than that there is a surplus of people looking to find a home.”

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Walter Unger CCIM – cell: 520-975-5207 –  walterunger@ccim.net

CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY

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

DISCOVER WHAT IS HAPPENING IN ARIZONA

History of Arizona from  900 BC – 2017 -Timeline.

click here to view all my listings.   

LOOKING FOR SELLERS AND BUYERS.  YOU MISS 100 PERCENT OF THE SHOTS YOU NEVER TAKE, AND IF YOU THINK IT IS EXPENSIVE TO HIRE A PROFESSIONAL TO DO THE JOB, WAIT UNTIL YOU HIRE AN AMATEUR.

Walter Unger CCIM – cell: 520-975-5207 –  walterunger@ccim.net

CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY

Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net

Click here to find out what is a   CCIM:

 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

Associate Broker

West USA Commercial Division

14350 N. 87th. Street, Suite 180

Scottsdale AZ, 85260

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

History of Arizona from  900 BC – 2017 -Timeline.

WHY PHOENIX? AMAZING!!!  POPULATION – IN 1950 THERE WERE 331,700 PEOPLE LIVING IN PHOENIX – “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THAT’S GOOD FOR THE ECONOMY, BUSINESS

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”

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  • DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

Timeline of Phoenix, Arizona history

Phoenix, Arizona

Facts of Arizona – year 1848 to 2013

CLICK HERE:  Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call 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

14350 N. 87th. Street, Suite 180

Scottsdale AZ, 85260

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

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.    

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  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

www.Walter-Unger.com

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

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