Did you know that nationally, home values increased by an overall 14 percent over the past year? As phenomenal as that may sound, it pales in comparison to the fact that Scottsdale, Arizona homes have steadily appreciated at a rate of over 24 percent in the past three years. It's difficult to foresee whether this increase will continue, but buyers and sellers are taking advantage of the current market, with the number of home transactions on the rise, and Steve Coker is prepared to assist you in selecting your investment property.

Appreciation rates are one of the factors that can influence a home's value. If Scottsdale investment properties are increasing in value, the property becomes more desirable and therefore has more inherent value. Outside factors may influence value, such as the addition of a nearby golf course or new highway access.

Areas that show significant appreciation rates typically catch the attention of real estate investors. These investors may choose to buy undeveloped land and sell new-construction Scottsdale homes. Alternatively, investors may purchase undervalued property, hold it for a period of time, and then sell the home at a profit after the area has experienced increased value.

Timing is Everything
While some investors specifically target the "best" real estate markets, this designation can frequently change with little warning. Areas of peak interest now may not be hot markets several months down the road. If you're considering purchasing a luxury Scottsdale, Arizona home for its investment potential, now is the time to act, while the market is still in high demand. For more information about the Scottsdale, Arizona market, call Steve Coker today at 602-790-3732 or email him at scoker@remax.net.