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For those of you who think it's a good idea to move here....and can visualize the predicted growth, the Arizona Republic reports that metropolitan Phoenix's onward growth could soon cut a swath all the way to Prescott. But the path to Prescott is filled with roadblocks, including state and federal lands, water issues and transportation issues. Still, the Valley is expected to stretch from Prescott, 85 miles north of Phoenix, all the way south to the Mexican border as early as 2040.The area is already considered a megapolitan or "super-sized" metropolitan area. Urban researchers call it the "Arizona Sun Corridor" and rank it as one of the next 10 big U.S. growth hubs. That designation will help it get more growth funding and planning assistance from the federal government. The metropolitan areas of Phoenix, Tucson and Phoenix together have a population of about 5 million, a figure expected to double by 2010. Prescott's population has climbed from 9,000 in 1990 to about 38,000. Economists predict it could have as many as 80,000 residents by 2025.
We are definitely on our way. As of today, we are at 47,070 active listings. These, of course, do not include inventory homes of the builders. We are certainly in a buyer's market with 8-9 months of inventory available to purchase. An even market is about six month's supply. There are some really good deals out there!!! AND as long as our interest rates stay nice and low, it is an even better market for those wanting to buy. Again, for those wanting to sell their homes, price them realistically. Then, you might not have to be one of those that wait the 180-270 days to sell your home.
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