Arizona Construction Activity To Hit $11.5B This Year

Contracting1

 

Arizona Construction Activity is projected to hit $11.5 Billion in 2014.  These are the best numbers in our state since 2008, and a true testament to the rebounded market that we are in.  In fact, for April of this year, traditional sales of resale homes in the Phoenix metro area topped out at 90%, while short sales comprised less than 5% and the same for REO/Foreclosure sales as well.  On another positive note, the average sales price in the valley of the sun is now over $260,000 in April as well, another good sign of an improved market.  For more on the construction story, click here, and if you are looking to buy or sell real estate, look no further, contact me directly today!

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