Despite the declining inventory of distressed properties many people are still on the hunt for well-priced properties to invest their money in. Real estate agents in Tempe are saying one of the best places to do that right now is on the real estate market in Tempe. Although the average home price for a property in this community is above the average for the Phoenix metro area, home values have increased more here in the last year than they have in most other communities in the Valley of the Sun. Since late Spring/early Summer of last year the average home price for real estate in Tempe as increased by almost 10%. Real estate agents in Tempe are forecasting that this average price will continue to increase and are expecting it to rise by at least another 5% by next summer. Who doesn’t like a return on investment like that?
Not only are homes on the real estate market in Tempe rising in value, the community is also one of the more popular places for people to relocate simply because there’s so much to offer. Tempe is one of the more popular communities in the Phoenix metro area, especially with those that are looking to relocate. With the number of homes that are currently on inventory and interest prices low, the real estate market in Tempe is definitely geared toward buyers right now.
Real estate is generally a great place to invest your money and right now the best place to do that is on the real estate market in Tempe. You can find a great home for a great price despite the fact that there are few distressed properties still available. Begin your search for a rental or investment property on the real estate market in Tempe today and take advantage of all that the community and the improving market has to offer.