The Arizona real estate market remains HOT despite the coronavirus pandemic sweeping across the state. The inventory of properties listed for sale are exceptionally low with homeowners reluctant to list their homes during the pandemic.
This has created a seller’s market and fueled an already robust real estate market in Arizona. Home buyers are finding an extremely limited selection of homes generating multiple offers and bidding wars.
Along with record low mortgage rates making home ownership more affordable than ever, this has driven prices to record highs in Arizona. Prices are up over 10% in the last 12 months in Maricopa county.
Arizona has over 50,000 Canadian property owners, many have decided to cash in and sell their properties today to take advantage of not only record prices but also a low Canadian dollar when exchanging their profits back to Canada.
For those who still want to own property and spend time in Arizona, which is the majority, many have decided to refinance to take advantage of low mortgage rates and a lucrative currency exchange.
The Canada to Arizona team offers Canadians an all-inclusive real estate experience for their clients which includes not only expert real estate services but also professional cross border tax planning and processing FIRPTA, exclusive currency exchange rates, discounted title and closing fees, and much more.
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Arizona Real Estate Sales Statistics Q2-2020
