Time to Invest in luxury homesites in North Scottsdale

At Sereno Canyon, one of North Scottsdale’s premier, private gated communities, there are great investment opportunities for individuals looking to buy luxury property in Arizona.

Phoenix was recently listed by the online real estate data provider, Trulia.com, as one of ten cities in the U.S. where it’s cheaper to buy than it is to rent property.

“At the peak of the real estate bubble, cities like Miami, Phoenix and Las Vegas were not affordable for many. Now the opposite is true,” said Pete Flint, co-founder and CEO of Trulia in a recent article. “…These unattainable markets are so affordable it makes better financial sense to buy than rent.”

According to Trulia.com, the average list price of a home in Phoenix is $100,535 and the average rent, $883 per month.

Based on Phoenix’s average home price vs. monthly rent, statistics compiled by a New York Times study show that after three years, buying is a more cost efficient than renting. In the third year you would save about $525. By the sixth year, you would have saved $2,826 annually for a total of about $17,000.

Purchasing a home is a big decision with many factors to consider before signing on the dotted line. Recent data reveals now is a good time to buy, as well as build. Sereno Canyon is a secluded North Scottsdale, Arizona gated community offering estate-sized home sites averaging an expansive 2.5 acres in size. Take an online tour of the community today or schedule an in-person tour and discover the desert paradise that is Sereno Canyon.