Tucson was recently ranked as one of “10 Best Markets for Real Estate Investors” in an Inman News article about property investing placing Tucson number four.
A big factor in the article is the population growth rate- the prediction that the forecast shows the Tucson area will grow by nearly 30% over the next 10 years – with a job growth rate to match – noted is the fact that Tucson’s unemployment rate of 7.9% is lower than that of Phoenix. It is also lower than the U.S. rate of 8.6% (Nov 2011). The article shows figures from March 2011, and marked improvement in the jobs sector has occurred since then.
Sources such as CNN Money, ZipSmart, Fiserv Case-Shiller and others have published predictions showing the Tucson real estate market prices starting to increase in 2012.
Consider that borrowing rates are at historic lows and with the best prices ever seen, you’ve got a market ripe for investing. ZipSmart is predicting a 225% ROI (Return on Investment) over the next 10 years for residential properties.
These numbers all support CNN’s Money Analysts who analyzed Tucson Real Estate ranked Tucson as the number 7 city to purchase a home. They suggest a bright future and even suggest a turnaround in coming months, projecting a forecast gain by 9/2012 of 3.4%.
This means there is special value in building lots that should start moving quickly.
The acres for sale at Red Hawk at J6 Ranch are some of the most spacious building sites in the Tucson area Real Estate market today. The 2.5 acres to 5.18 acres lots are unparalleled value for lots that already have improvements such as paved roads with county maintenance, water and electricity readily available. The property, just a 30 minutes drive from Tucson, it also offers buyers the opportunity to choose their own builder. There is no deadline to build on the property adding another hassle free option to those seeking property for building a future home.
The building acreage offerings have made an impact on those searching for land for sale near Tucson. “We found buyers are really attracted to the spacious lots we have and say the size of the lots and the views set the property apart” said Friedrich.