The Plaza Lofts at Kierland: Hope for the Scottsdale AZ real estate market
January 25, 2012
Arizona’s high season is in full swing, with Barrett-Jackson just past, the Waste Management Phoenix Open almost underway and Spring Training 2012 around the bend. In addition to the aforementioned winter and spring flings, this year’s roster also includes Arizona’s Centennial. A milestone to be celebrated!
All of those things are good news, and to quote country singer Alan Jackson, too much of a good thing is a good thing. So we thought we’d dedicate this week’s post to the good thing that is good news – specifically as it relates to our Scottsdale AZ real estate market.
- Arizona is among the top three states where international home-buyers invest in a nest. We are ranked no. 3, right behind Florida and California. (Texas nips at our heels in fourth place.)
- Though California still is the golden choice among many global purchasers, Arizona has won over the Canadians. According to this article from Inman News, Canadians are “loonie” for Arizona real estate. That’s great, and we’ve found it to be true – as we have several Canadians who live at The Plaza Lofts at Kierland Commons, some year-round and others on a part-time basis. They are crazy about the lifestyle unique to Kierland Commons, and they love the state’s sunshine and seemingly endless activities roster.
- Despite the fact 2011 proved challenging for our market and the economy in general, The Plaza Lofts sold 12 luxury condos last year for upwards of $10.2 million. We were pretty excited about that – and our excitement continues as the dawn of 2012 has already yielded a rising interest in our Kierland Commons condo community and an increase in traffic to our sales center.
- Finally, media outlets are reporting on glimmers of hope for the real estate industry, including the Phoenix Business Journal and Wall Street Journal. We root for these glimmers to grow brighter, and hope local, national and international buyers will continue wading into the purchasing pools knowing that, after several years of rough waters, now is really a good time to buy. For those considering hanging their hats at The Plaza Lofts, that’s especially true – as we have less than a dozen residences remaining for sale. Contact us to learn more about the Scottsdale lofts that are still available.