In the past few years investors flocked to Arizona to gather up as many discounted properties as they could... and these were truly deeply discounted properties. After the crash, real estate was being gathered up for pennies on the dollar, off market properties were easy to find, and good deals were to be had by many! All you had to do was drive around and see vacant properties all over the place.
Many companies came and now many of those same companies have vanished! Lots of money was made, and the low hanging fruit was everywhere. So what is happening now? Are investors still investing in Phoenix? The answer is, sure they are! There is still a good market for off market properties and one company that you can still find discounted properties at is http://www.bakerson.com. They have been in business for over a decade, weathered the boom and bust, and now are cruising through the rebound. If you are interested in these off market houses in Phoenix, the deals are still there! Just not as many of them.
Smart property investors have always kept a close eye on the Phoenix market in trying to determine what the rest of the country will do.
It will be interesting to see what the next few years brings and how far these properties will inflate!
Keep an eye on the Hot Arizona market!