Arizona, the Grand Canyon state, is a land of desert sands, sparkling waters, beautiful mountain ranges and a warm climate. It is the sixteenth largest state in America. It is a state famous for its race- courses, resorts and golf courses. Scottsdale is the fifth largest city of Arizona. One of the most livable cities in America, Scottsdale boasts of numerous art galleries, indoor and outdoor theatres, parks, museums, athletic fields, open arenas, grand prix field, polo fields, a center for arts. Availability of all services and commodities essential for personal luxury makes it one of the best places to live in. Scottsdale is growing fast, especially in the northern regions of the city. There is a huge increase in the number of new residents every year. Scottsdale has seen a high increase in population every year, which also contributes to a boost in the real estate industry. Low housing rates make it a favorite for investors. Comparatively lower taxes in the state of Arizona make it more enticing to already- retired people and those planning to retire soon.
Well-planned homes, villas and condominiums grace this beautiful city. The houses usually have mountains as their backdrop, which gives a view of beautiful sunsets. The luxury homes in the north Scottsdale area provide some of the best resort and retirement community.
Although traditionally, Scottsdale has always seen a great demand for real estate, the industry is showing a decline of recent. In spite of the fact that many people are relocating to Scottsdale, the profits are not as large as they used to be. Though this has not affected the industry drastically yet, it has certainly made it a less popular destination for investors. Profit rates are lower as compared to previous years. Proper pricing of property has become an issue of concern. This has lead to a decline in construction of new houses. People now tend to prefer renting houses rather than buying or constructing them. Nevertheless, the real estate industry contributes a large part of the tax revenues that are collected every year in the state. This gives an indication that it is still one of the most profitable industries in Arizona.