Is Scottsdale a good place to invest in real estate?
Is Scottsdale a good place to invest in real estate? The City of Scottsdale has shown a solid appreciation rate for its real estate. For instance, Scottsdale has been in the nation’s top 20% when it comes to real estate appreciation stats. The appreciation rate in 2018 was 7.8%, making it an outstanding performer when you look at some of the other areas in Arizona.
Is Scottsdale real estate overvalued? According to data by Moody’s Analytics, three housing markets within Arizona rank among the country’s most overvalued markets: Lake Havasu City-Kingman, Flagstaff, and Phoenix-Mesa-Scottsdale.
Is Scottsdale a good Airbnb investment? Tourism Statistics
Tourism is the fuel of all Airbnb investment properties. Airbnb hosts in Scottsdale have benefitted from the city’s tourism over the last few years. Over 4.5 million overnight tourists visited Scottsdale in 2017 – 2018 generating a whopping $2.4 billion in city revenue.
Is Arizona good for investment property? With a population of over 7 million, Arizona is one of the fastest-growing states in the U.S. Its booming economy, low unemployment, warm climate, and hot tourism industry make Arizona a great place to invest. If you’re looking to invest in property, there are several markets in Arizona where it’s hard to go wrong.