With all the home problems in Arizona since the great recession and lets face it, Real Estate crash, there are signs of life, opportunity, and the revised American Dream now popping up all through Arizona! Sure home prices are tremendously low compared to 2006, but they seem to be stable and are showing signs of trying to push up!
Inventory of homes on the market appear to be dropping as are “distressed properties” with the continued switching of distressed Sellers into rental homes bought by Investors from other distressed Sellers, or foreclosure auctions, well …… in other words …. We are continuing with housing musical chairs but the music might be slowing!
Anyway, we in Arizona are starting to see more Canadian flags and specials on TV about Curling!!??
Here is a reprint of a portion of Tom Ruff’s May 9th article showing the trending of home buying in Arizona. Please, the WV comment is Tom Ruff’s so do not send me emails about the people of WV cause if you do ….. I know your not really from WV. 
- There were 8,751 home sales
- 2,718 home buyers or 31% were from out of state
- The median price home (new and resale) for an out-of-state buyer was $124,500
- The median price home (new and resale) for an in-state buyer was $118,000
- 60% of out-of-state buyers purchased with cash
- 32% of in-state buyers purchased with cash
- 41% of all homes purchased in Maricopa County were cash purchases
- 69% of out-of-state buyers plan to live in the homes they purchased
- 79% of in-state buyers say they will occupy the home they purchased
- In April 2005, Californians bought 2,153 home; Canadians, 38
- In April 2011, Californians bought 453 homes; Canadians, 540
- The top-ten list by state and the number of buyers: CA, 453; WA, 194; CO, 124; MN, 95; NY, 86; OR, 72; TX, 66; IA, 61; WI, 59
- 2 buyers from WV—more wanted to come, but vehicles broke down crossing Ohio
- Maricopa had a least one buyer from all 50 states with the exception of MS and VT
- The median price for investors was $71,250…. 24% of all sales… 69% paying cash
Thomas Jambor
thomasjambor.com
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With all the home problems in Arizona since the great recession and lets face it, Real Estate crash, there are signs of life, opportunity, and the revised American Dream now popping up all through Arizona! Sure home prices are tremendously low compared to 2006, but they seem to be stable and are showing signs of trying to push up!
