Register | Forgot Your Password? | Close

The housing market in Maricopa is unlike any other in the state, with more people buying and flipping residences.

According to Business Insider, the city of Maricopa has seen a 140 percent year-over-year increase for housing permits.

They also are seeing houses being bought and then re-listed at higher prices, some within as short as six months.

Maricopa, which has a population of 45,000, has over a 37 percent year-over-year increase, according to Zillow's home value index.

There has been an abundant of homes for sales in the city, which is a 40 minute drive from Phoenix. There has been 1,500 sales in the past 12 months.

The surge of home sales in Phoenix is coming from cash-rich investors and second-home buyers, essentially driven by non-Phoenicians.

KTAR.com,

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.
  • CopperPoint Mutual Insurance Company

    SCF Arizona has a new name. They are now CopperPoint Mutual Insurance Company.
  • Taylor Morrison

    World Class People. World Class Company. We are a national home builder committed to building homes inspired by you.
  • Go Daddy

    World Class People. World Class Company. Go Daddy is a Fortune 100 "Best Companies to Work For."
  • Avnet

    World Class People. World Class Company. Here's information on a Fortune 500 company from Arizona.

Voice For A Better Arizona

  • Working For Arizona

    The business and economics of Arizona at the start of 2014 and looking forward.
  • Arizonans In Need

    Putting a focus on charities and organizations who provide help and/or need your help to fulfill their missions.
close

Share: