Hi All,

I have friend who is looking for investment properties in Phoenix & Arizona area. Please, let me know which area is good for investment purpose? He wants to hold properties for 6 months to 1 year only.

Thanks!

I heard that the Phoenix area was great for investing. They are on the rise.

Hi jag , advise your clients that there is a new football stadium for the Arizona Cardinals being built here in Glendale,Az. which will open in 2006. Home prices have soared on this side of town due to the anticipation of this state of the art stadium and all the hotels,restaurants,entertainment,etc. that will surely follow.

I presently have 2 investors from California who I have submitted offers for on homes near the stadium.Advise them to jump on board before the market becomes stagnant.

Please let me know if I can answer any questions or if I can help in any way.

Arturo Castro
Arco Realty LLC.
602-754-3821

The Phoenix area is very hot right now. I've never seens levels of appreciation like this in a long time. I've seen some houses go up by $100k in less than a month and this is on a $400k house. Although, with prices getting high now I'm starting to see a lot more inventory enter the market, but it is at these higher prices. Some sales are taking longer than a couple days too so maybe we might see a little decrease in this hot market.