Surprise AZ Real estate has surpassed all real estate experts expectations and continues to grow with new builds, commercial and retail companies opening up. Costco is our newest big opening in Surprise. Right off the 303, it brilliantly brings in customers from Peoria (Vistancia) all the way to Avondale, Goodyear, and Buckeye.
New builders cannot keep up with the demand, fueling lotteries, and very low to no speck home inventory. The new builders are faced with challenges keeping model homes open to the public and keeping there salespeople healthy and safe.
Surprise Residential resale is a very desired place to retire, not to mention in the past home prices have been very appealing to non retirement home buyers. If you are raising a family this is a very safe place to live, Surprise recreation for kids is amazing. Thousands of kids every year hit the fields to play just about every sport. Not to mention having one of the best youth recreational baseball leagues.
Commercial building, Costco, youth recreation, good schools, Surprise has the potential to be one the best places to live in the Phoenix area.
Some optimistic real estate experts believe and expect current equity gains, fueled by strong demand will continue to support home owners. With virus/market specific factors they are still predicting a healthy real estate market.
Mortgage rates are a big factor, keeping rates low keeps homes affordable for home buyers. If rates start rising, real estate professionals believe that prices will level out fast.