January 21, 2021
Real Estate Trends – The New Vision
With daily life coming to a halt, businesses closing and uncertain of operations in 2020, an industry that defined its own path was the real estate market. As wealthy consumers were less affected by the global pandemic, buyers fled to mountain towns, ranch living, and suburban neighborhoods to escape the lockdowns and city life. With this influx of people traveling to second homes, small towns across the state became the new commodity. While many did venture to second homes, as jobs became remote many switched their entire lives completely to a more distant and secluded living.
Searching a market with limited inventory, increased the average sale price, and set record sales across the state. As the inventory of move-in ready remained low in Arizona, multiple offers were being submitted at a rapid rate creating a unique seller’s market.
It won’t be slowing down, with product limited and inflow of people moving mainly from California, the 2021 housing market will only remain strong and grow. As stated in Norada Real Estate Investment, Article 20 Best Places to Invest in 2021 includes Boise, Idaho as number one, Dallas, Texas as number two, and Phoenix coming in at number 20. With Phoenix becoming a desired location across the United States residents are escaping the city and wanting acreage, seclusion, and luxury real estate making places such as Talking Rock a sought-after community.
Talking Rock saw that growth and will continue, having the open space, acreage, and seclusion. It is the new way of living, space allows for freedom, allows for stability, and a wholesome way of life.