Mesa Economic Projection StrongA recovering economy is one that features increased home pricing and construction amongst its more prominent factors. Current economic projections spotlight communities like Mesa and the surrounding Phoenix area holding elevated positions in those key indicators throughout 2013. And while Arizona did incur one of the worst housing recessions of any, it is also one of the fastest-recovering communities than anywhere else in the country. Furthermore, Mesa and Phoenix-area towns and cities are showing signs that they have already have climbed out of the divot.

The Standard & Poors Case-Shiller Index is a composite of home prices for major metropolitan areas in the United States. Published monthly, the Index uses a methodology that weighs repeat sales. This helps assess the quality of the homes sold, working under the assumption that properties sold repeatedly are more desirable than others. The Case-Shiller Index recently reported a stabilization of prices in the Mesa region, coming back over 20% year-over-year. Additionally, there is less inventory on the market, and not just because owners are holding onto properties, but because there is an uptick in purchasing and renting. The availability of properties for sale, actually, have already returned in places like Mesa to levels before the real estate crash.

Healthy communities, those with many positive forward-looking indicators are always the first to recover from any industry dip. Furthermore, the amount of speculative real estate investment is always a very strong sign that positive trends will continue. To that end, the price per square foot of Phoenix-area property has increased an almost unbelievable 277% compared to a year prior.

These are all signs that it may be time to buy, upgrade or sell your Mesa home. If so, we' love to be able to help steer you through the process. Drop us a line today to learn more.

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