Realtor.com predicts another banner year for Phoenix real estate markets. The website’s economic team released its annual market forecast last week and while the report predicted a slight slowdown for the U.S. real estate market as a whole, they expect Phoenix to continue strong growth through 2017.
“According to our forecasts, the western U.S. will continue to lead the nation in prices and sales,” the article reports. “The top 10 markets all benefit from strong growth dynamics: population, jobs, and households,” says Jonathan Smoke, realtor.com’s chief economist.
The team forecasts average price gains of 5.8% and sales growth of 6.3%, compared to anticipated national growth of just 3.9% and 1.9% respectively. Limited availability of homes for sale is being eased somewhat by growth in new construction, however, there isn’t enough new construction to keep pace with growth, according to Smoke.
The Statesman Group of companies is proud to offer new construction and existing units for sale in two of Phoenix’s most desirable markets: Toscana of Desert Ridge in Scottsdale/N. Phoenix and The Cays at Ocotillo in Chandler.
“Toscana of Desert Ridge and The Cays at Downtown Ocotillo provide , investors, second home buyers, and primary residents the opportunity to benefit from the phenomenal growth of the Phoenix market,” says Alana Mann, President of the Statesman Group USA Division. “If you’ve ever considered relocating, purchasing a second home, or real estate investment in Phoenix, now is the time to act as supply is very limited.”
About The Cays at Downtown Ocotillo – Brand New Condos for Sale in Chandler
Experience the ultimate waterfront address at The Cays at Downtown Ocotillo. The Cays premier location in the master-planned community of Downtown Ocotillo places residents steps from world class shopping, unique dining experiences, and championship golf. Eliminate your commute with a new luxury condo less than 5 minutes from Price Corridor, Chandler’s corporate community home to well-established corporate names and leading edge science and technology companies.
Phase 1 of the brand-new luxury condominium development recently opened in summer 2016 and units in Phase 2 are already available for sale. The development offers the only single-level, new construction luxury condominium units in Chandler. Floor plans also include upscale penthouse/lofts with distinctive interiors overlooking the Lakes of Ocotillo. Miles of walking/jogging paths surrounding beautiful man-made lakes and lush greenery make it easy to see why The Cays at Downtown Ocotillo was voted the “Best Place to Live in Arizona”.
Now is the time to buy with limited inventory remaining in Phase 1 of The Cays at Ocotillo. Phase 1 units offer buyers quick closing and occupancy. Phase 2 units are selling quickly, offering buyers the opportunity to customize their condo with upgraded appliance packages and high-end finishes.
Take a virtual tour of The Cays at Ocotillo and explore available units on the interactive property map. Click to contact The Cays sales team now or call (888) 831-7943 to secure your place in the hot Chandler/Phoenix real estate market.
About Toscana of Desert Ridge – Luxury Condos in Scottsdale/N. Phoenix
Live, work and play in North Phoenix’s most desirable address – Toscana of Desert Ridge. Resort-style living at Toscana is just steps from Scottsdale’s world class dining and shopping, exciting nightlife, championship golf, and major employers. Toscana’s unique 1, 2 and 3-bedroom floor plans offer carefree living with gourmet kitchens, luxury appointments, and the best location in North Phoenix. Voted #1 Phoenix community for five years in a row, Desert Ridge offers the perfect lifestyle options for primary residents and vacation second-home buyers.
Explore Toscana’s luxury condominium floor plans and prime N. Phoenix location at ToscanaofDesertRidge.com. Click to contact the Toscana sales team for more information or call (888) 314-7087. Realtors and investors are welcome.
About the Statesman Group of Companies
The Statesman Group of Companies is approaching half a century of leading innovative and award winning developments throughout North America. The locations, flexibility and value of ownership, residence and lifestyle with Statesman are of proven high quality. Our slogan “What a Beautiful Way to Live” is and steadily remains our guiding principle.
Source: Wedgeworth, C. “Top Real Estate Markets for 2017: The West Leads the Way” realtor.com Retrieved December 1, 2016, http://www.realtor.com/news/trends/top-real-estate-markets-2017/
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