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Investing In Prescott You already know the advantages of real estate investment:
What makes real estate investment in Prescott such a good bet? First, its location in Arizona, the second fastest growing state for the last several years, both in population numbers and in its economic climate. Prescott reflects the vigorous economy of the state as a whole, with low unemployment, high job growth, low interest rates. The supply of homes for sale in Prescott Arizona is growing, and the demand for Prescott real estate is strong. Prescott, Arizona, is an hour-and-a-half drive from Phoenix. The nation's number one city for entrepreneurism, Phoenix recently moved up to the position of the fifth largest city in the U.S. A magnet for corporations and workers alike, with a research university and an educated workforce, Phoenix is also moving up as a center of advanced technology. And business people in Phoenix know Prescott for its superior mountain climate, a cool, clean getaway from the crushing desert heat and the crowding of the big city. As the baby boomers in Phoenix begin to retire, with their increased buying power, they'll think of Prescott as their preferred Arizona retirement community. And Arizona's tourism numbers increase every year, giving more and more real estate buyers from around the country a view of the real estate advantages of Prescott. Retiring baby boomers everywhere are looking for Arizona relocation properties. THE FACTS: According to City of Prescott statistics, growth indicators specific to Prescott include annual increases in taxable sales dollars, postal receipts, new building permits, bank deposits, and net assessed valuation. MSN's House and Home comparison chart shows Prescott's projected job growth as more than twice as strong as the national projection, and (just for comparison) 68% greater than that of Scottsdale, Arizona. Air and water quality in Prescott are high; the crime rate is low. In the Prescott AZ area homes appreciate about 5% a year. (Source: Prescott MLS median sales price average increase 1996-2002). Since this is an increase on a leveraged investment, your actual return is much larger. That's what makes real estate such a great investment! Population growth 1990-2003
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