“Why It’s a Good Time to Purchase A Home in the Phoenix MLS Area”It’s a Buyer’s Market but it won’t last forever. I am confounded why buyers are hesitant to buy in today’s market.There remains a good deal of inventory which means lots of choice but it is getting bought up even if at a slower rate than usual. Sellers in many cases have had their home on the market for several months now and are willing to negotiate. When the inventory level equals the level of buyers prices are going to rise. Start looking.Every year 125,000 to 140,000 people move into the Valley of the Sun. For every 2.2 people we need one more living quarters whether it’s an apartment or a house. In either case this is going to cause the inventory to decline.We are a growing community, not a declining one. Phoenix, especially Ahwatukee, and Chandler and Gilbert are experiencing continued growth and appreciation. This is the perfect time to buy.Downtown Phoenix is experiencing growth like never before. There is a new Medical School supported by the three university systems here. It will become a centerpiece of both education and medicine.Just north off of I-17 is a new Law School, Phoenix School of Law. It’s located near Central and Indian School, accepts both full time and part time students from the entire Valley including Phoenix, Chandler and Gilbert.Phoenix and Chandler, AZ are successfully catering to the new Biotech industry providing jobs and trickle down business’. This will bring more people, more middle level positions to support our continuing growth. We are growing and homes are and will be needed!Intel Corporation went out the world over for bids to build their new 300mm, 12 Inch wafer plant. Chandler competed against Germany, Ireland, England and others to win this business. Chandler, AZ got it! That means up to 3000 more immediate jobs to build the plant and in two more years the plant will offer up to 2,000 mid-level tech jobs. Phoenix, and the Valley of the Sun is growing!The Light Rail Line is currently being built and will make commuting a breeze. Look for more information here.Major sports teams are here, including Spring Training for the:
Kansas City Royals
San Diego Padres
San Francisco Giants
It’s a great time to buy a home in the valley.