Call Us Now 602-741-1602

Top Cities for Arizona Real Estate Investors December 2013

Where are Real Estate Investors buying in Maricopa County?
 
**TOP CITIES FOR ARIZONA REAL ESTATE INVESTORS**
 
Based on the Affidavits of Value filed in Maricopa County for 2013 up to the end of November, the percentage of home sales revenue that was fuel by investor purchases were as follows:
 

arizona real estate 1) Youngtown 44.8%
2) El Mirage 35.7%
3) Avondale 30.0%
4) Laveen 28.1%
5) Glendale 22.9%
6) Tempe 21.6%
7) Tolleson 21.1%
8.) Phoenix 20.0%
9) Apache Junction 18.7%
10) Surprise 17.4%
11) Mesa 14.9%
12) Chandler 13.5%
13) Gilbert 13.3%
14) Peoria 12.9%
15) Litchfield Park 12.6%
16) Gila Bend 10.7%
17) Sun City 10.7%
18) Scottsdale 10.5%
19) Buckeye 10.5%
20) Goodyear 10.3%
21) Paradise Valley 9.8%
22) Carefree 8.9%
23) Fountain Hills 7.6%
24) Tonopah 7.3%
25) Wickenburg 7.3%
26) Cave Creek 6.4%
27) Waddell 6.3%
28) Queen Creek 6.3%
29) Sun City West 5.3%
30) New River 4.7%
31) Rio Verde 4.5%
32) Morristown 3.4%
33) Wittmann 1.2%

 
The percentage of revenue is lower on these metrics than if we looked at it from a percentage of unit sales. This is given the fact that investors gravitate towards the cheaper homes.
 
The percents in the top 4 cities were abnormally large. If investors stopped purchasing in these areas, we’d notice the biggest effects in those cities. Normally, a guideline would be around 10%, so the top 20 cities on this breakdown saw more revenue being driven from investors than usual. The percents in the top 4 cities were abnormally large. If we are to see investors reduce their inventory at some point these cities are where it will have the most effect.
 
In general, large institutional investors represent only about 5% of the rental inventory. Most investment properties purchased belong to “onesey-twosey” small investors.
 
What do you think? Please like or share this information if you find it useful! We also share free daily market updates on our Facebook page; please join us there!
 
This information was derived from the Cromford Report.
 
Tracy (G+) is an Arizona Short Sale Realtor, Investor, Rehabber, and Foreclosure Expert.
 
She also is an avid blogger, vlogger, contributor to Real Estate Magazines, and hosts Real Estate Rescue, a show dedicated to the distressed property market.

Get Free Email Updates!

Join thousands of other visitors now for a monthly newsletter with new content, real estate updates & insider news only available to subscribers

I will never give away, trade or sell your email address. You can unsubscribe at any time.


  • Yes! I Want to Know My Options

  • -
  • Should be Empty:
royce of real estate testimonial

You did the IMPOSSIBLE!

Hi Tracy, sorry took awhile to get this to you. I can't tell you how much stress we were under once the house went into foreclosure. All the mail, phone calls, and it made it more confusing because it seemed like there were alot of "what ifs" and people telling us they could help. I called you and we felt really good about how honest you were. You and your team took the time to answer every single question we had and what was best was the quickness everything got done. I get that Desert schools isn't easy to work with because I had been dealing with them and Ocwen for months on my own. The fact that now we don't owe any money and no taxes and they can't come after us for anything is, like you said, a miracel. I don't wish this stuff on anybody but I would be happy to recommend you guys to people that may need this type of hlep. Your welcome to use this written testimonial. Be blessed - M

selling your home FREE REPORT   10 Secrets to Selling Your
Home the Pros Don't Want You To Know!