Scottsdale, Arizona is becoming one of the more popular cities in the state, offering for an environment that provides for nightlife that is often compared to larger cities, such as Miami and New York City. This may be why the largest age group in the city is in the range of 25 to 44 years of age, accounting for over 30% of its estimated 245,000 people. The overall increase in population, particularly between the 1990s and 2000s, has led to quite an active Scottsdale real estate market.

Aside the trends in population increases, Scottsdale property values are also on the rise to do the median income of city. Currently the average income for a household is about $70,000, while the average income for a family is over $92,000, providing for some of the highest figures in the country. However, real estate in Scottsdale, Arizona and its current rise in value can be due largely to the tourism industry, which is also the primary employer of the city. 

About 7.5 million tourists will visit the city each year, making Scottsdale property a very promising asset. However, the overall figures for Scottsdale real estate will also reflect the growing trends, producing an average price listing of about $675,000 for Scottsdale property. Median sales prices figures are about $275,000, which is actually a decrease in the past couple of years. Another important aspect to consider in regards to Scottsdale real estate are the crime rates of city, which are well below the state’s average percentage.

The city of Phoenix is the capital city of the state of Arizona, as well as the largest in the state. It is also the fifth most populous city in the country, with an estimated 1.6 million people. Phoenix is also considered to be the metropolitan hub of the state, being the home to several large companies, such as Honeywell’s Aerospace Division, U-HAUL, and an Intel branch. 

Due to the natural climate of Phoenix, the city will also have a decent amount of tourism in the area, particularly during the winter months. Therefore, Phoenix property may prove to be most wanted during the winter, particularly in terms of rentals and timeshares.

The Phoenix, Arizona real estate market experienced quite a boom in the past forty years, with the most significant increase coming between the 1950’s and 1960’s, when over 300,000 new residents would enter the city. However, construction in recent years has proven to slowed down dramatically, and Phoenix property prices have dropped quite a good amount. 

Currently, the average listing price is at $200,000, but the median sales price is just over $100,000. However, due to an increasing amount of tourism and recreation, particularly golfing, there has been a visible increase in Phoenix property values. Some of the more popular areas and neighborhoods for Phoenix, Arizona real estate are Camelback East, Deer Valley, and North Mountain.

Lake Havasu City is located in Mohave County in the state of Arizona. The population of the city is approximately 56,000 people, and is extremely popular among college students, being one of the top Spring Break destinations of the country. Furthermore, due being on the shores of Lake Havasu, it is a popular destination for aquatic sports and boating enthusiasts year round, with professional fishing tournaments and boat races held on a yearly basis. During the winter months, Lake Havasu City is popular among retirees, making it one of the main destinations to escape the winter cold for many, particularly those in the Northeast and Canada.

Due to Lake Havasu largely depending on tourism for its economy, Lake Havasu real estate will prove to have trends that coincide with its tourism. Even though the average age for the city is about 48, many that will come to visit the city will usually invest in rental property or timeshares. Many will often times decide to purchase seasonal homes or condominiums, thus much of the Lake Havasu real estate activity will tend to coincide with properties that are more focused on temporary living. 

However, Lake Havasu has often times been listed as one of the top 100 places to live in America, having an impact on the Lake Havasu real estate market. Current average listing prices for homes is at about $265,000, which a median sales price of about $137,000. Due to the influx of people being largely a seasonal occurrence, overall crime rates are low when compared to Arizona’s state average. Coupled with the climate and Lake Havasu being on the city’s borders, Lake Havasu real estate will prove to be quite the investment opportunity for many.

The city of Sedona is a small town that is located in the northern area of Verde Valley. The population for the city is estimated to be about 12,000 people. The main tourist attraction of Sedona is the red sandstones formations that are located within the city. 

However, the city of Sedona can be said to be more of a retirement community, with the majority of its population being within the age group of 45 to 64. Therefore, Sedona real estate activity will usually entail houses and more permanent homes for many, choosing the city as the place to retire.

The average income is about $52,000 for families in Sedona, though the current Sedona real estate market will tend to show substantially higher property prices. Currently, the average listing price for Sedona real estate property is about $770,000, with an average of $325,000 sales price for most homes. This may tend to coincide with many deciding to retire in Sedona, and thus, deciding to buy more lavish homes and property. 

However, due to the low crime rates and highly regarded school system, it is also become a great place to raise a family. Another important aspect to consider regarding Sedona real estate properties is its location, being just outside of the Phoenix metropolitan area, and key tourism spots such as Lake Havasu and Las Vegas.

The state of Arizona is considered to be the 14th largest state in the country in terms of population. There is growing trend of people purchasing real estate in Arizona, either for second or vacationing homes, or as places to retire. As trend continues, real estate property values are increasing above the national average, providing for great investment opportunities.

Tucson is the second largest city in the state of Arizona, comprising of the state’s larger metropolitan areas. As the home of the University of Arizona, Phoenix is slowly becoming a city playing home to many graduates that decide to start their careers in the city. It is also a popular city for retirees to finally settle in. Average home listing prices are about $280,000, with a sales price of $142,000.