It may be counter-intuitive, given how dramatically the cost of living has shifted in the Phoenix area over the last 3 years, but Phoenix is a huge draw for home seekers migrating from areas with even higher housing costs. According to a recent Redfin study, Phoenix is number 5 on the list of most popular destinations as Americans move away from the coasts. Las Vegas and Sacramento are at the top of the list, with Miami also rising in popularity. Increasing demand for homes is driving the increased home values in these communities, which lack the available housing stock to meet the demand.
We are here to help! If you want to find out how much your home is worth in this strong market, email me at [email protected]. We would be happy to help you determine if the time is right for you to sell your home or buy a new home.
Image Credit: The Daily Beast