canadians buying us real estate

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canadians buying us real estate
Scottsdale Glendale Maricopa Gilbert Tempe Queen Creek Paradise Valley Chandler Phoenix Surprise Mesa

Are you a Canadian buying US Real Estate?

There are several cities surrounding Phoenix to choose from. Donít just think of the city of Phoenix, think of the Phoenix Metropolitan area.

Many Canadians buying US Real Estate (specifically in AZ) donít want to fight traffic day in and day out. Many are visiting for the winter, and they would like their visit to feel like a vacation.

Choosing a smaller city, within driving distance to the BIG city is what many Canadians buying US Real Estate choose to do!

Canadians buying US real estate, specifically in Arizona are impressed at the minimal property taxes. While some other states (California & Florida) penalize investors and second home owners by additional property taxes, Arizona does not. Generally, property taxes run about 1.2% of the assessed vale of the home. $150,000 home is around $150 per month.

Here is a brief description of some of the cities and some valuable Real Estate statistics for each:

Phoenix

Town of Phoenix Population by year
1950 106,818
1960 439,170
1970 581,562
1980 789,704
1990 983,403
2000 1,321,045
2006 1,512,986

Phoenix and the Valley of the Sun began with the discovery of the Salt River by Hohokam Indians possibly as early as 300BC.

The city of Phoenix is the hub of commercial activity in the SW United states. Phoenix is in the geographical center and the core from which over 20 communities have grown. Collectively, the Phoenix Metropolitan Area (including the 20 smaller cities) is known as the ďValley of the SunĒ.

The city of Phoenix has exploded to become the nationís 6th most populated city, with 1.5 million residents. The city first started as a meager 17 square miles, and has now grown to encompass over 425 square miles!

The Phoenix area is surrounded by the McDowell Mountains to the northeast, the White Tank Mountains to the west, the Superstition Mountains far to the east, and the Sierra Estrella to the southwest. Within the city are the Phoenix Mountains and South Mountains.

Phoenix is set to handle many different lifestyles. If you canít find it in Phoenix, then you will surely be able to find it in a neighboring city.

The housing market in Phoenix is built out.

Plenty of condos, apartments, historic homes along with some beautiful mountainside estates line the area.


 

Scottsdale

Scottsdale was founded in 1888 by Army Chaplain Winfield Scott. The city was once a community of cattle ranches and citrus farms. Today, it is a city of 230,000.

Residents are mostly young up-and-comers, financially set middle agers or retirees.

The city is built for luxury and resort. Approximately 6 million people visit the city every year for vacation or business.

The city of Scottsdale has grown from 1 square mile in 1951 to 185 square miles today! Because of the city being bordered by other cities to the East, South and West, folks that are building in Scottsdale, are pushing the land boundaries to the North.

As far as housing, prices are a bit higher in Scottsdale because of tourism. North Scottsdale is the most actively developed area of the city. This portion of the city claims many of the most expensive homes in the western hemisphere, with many exceeding $5 million in value. Scottsdale also has mountainside homes and beautiful luxury condos.

North Scottsdale has a small financial district where many financial institutions have erected offices. Old Town Scottsdale is an area with many streets, stores, restaurants, bars, nightclubs, and western art galleries evoking the old cowboy era. Scottsdale's main cultural district is also in this area, which includes the high-end Scottsdale Fashion Square Mall, one of the twenty largest malls in the United States. The district has currently seen a revival, with new condominiums and hotels under construction.

There are approximately 20 public/private golf courses within the Scottsdale city limits.


 

Gilbert





Town of Gilbert Population by year
1950 1,833
1960 1,971
1970 5,717
1980 16,920
1990 29,122
2000 109,697
2005 173,989
2006 191,517

According to the United States Census Bureau, the town has a total area of 43.2 square miles and 0.2 square miles (0.6 km≤) of it is water.

According to a 2006 estimate, the median income for a household in the town was $76,376, and the median income for a family was $82,935.

- Total Population: 191,517
- Density: 4,458.4/sq mi (1,721.4/km≤)

Gilbert is one of the fastest growing communities in the nation. The town has preserved the small town atmosphere, while promoting high tech industry and planning for the future.

Gilbertís lifestyle focuses include raising a family, quality education, leisure activities and a business community. This resulted in one of the highest median household incomes in the area.

Insulated from the big-city pace of downtown Phoenix, Gilbert offers many amenities. A village concept of planned communities includes parks, equestrian trails, fishing, boating and much more. Gated & equestrian properties are available in Gilbert.

There are approximately 8 golf courses within the Gilbert city limits.

The Gilbert housing market is mostly single family detached homes. Gilbert was once a farming community, but with the population boom in the Phoenix area, builders created many master planned communities. While Gilbert is landlocked, many new homes are still going up on the south side of the city. Much of the Southern part hadnít been developed, as there were no main highways nearby. Now, with the extension of the San Tan freeway, more residents have decided to call Gilbert home since the new freeway makes the commute smoother.


 

Chandler

As of the census of 2000: 176,581
Estimated 2006 population: 240,000

The median income for a household in the city was $57,000 and the median income for a family was $61,766

Size of Chandler: 58 sq miles

Approximately 20 golf courses in Chandler

Chandler is a city in Maricopa County, AZ, and is a prominent suburb of the Phoenix Metropolitan Area (MSA). According to 2006 Census Bureau estimates, the population of the city is 240,595. Chandler has experienced huge growth with its population booming from about 30,000 in 1980 to over 240,000 in 2007. Ten to fifteen years ago, most of the land in Chandler was farmland. With the growth in the city of Phoenix, people moving to the area were forced to look outside of the Phoenix limits.

Land owners in Chandler sold much of the land and it has now been fully developed. Expansion has stopped in Chandler as it is landlocked by other cities, and has no more room to grow.

Real Estate in Chandler: Plenty of townhomes and condos, fairly new homes - 10 years old and many Luxury homes.


 

Surprise

Surprise is a city in Maricopa County, AZ. The population is estimated at 103,000 by city sources which is considerably higher than Census Bureau estimates. Surprise was founded in 1937 by a gentleman from Nebraska.

Tens of thousands of retirees moved to the city between 1990-2000 to live in Sun City Grand, an age-restricted resort community, with homes built by the property development firm Del Webb. Surprise is about five miles northwest of Del Webb's original Sun City development and adjacent to Sun City West.

As far as Real Estate goes, Surprise has an abundance of age restricted adult communities. Many of the communities are loaded with amenities. New or newer homes cover the 59 sq miles of Surprise.

In the past several years, many builders have discounted their new homes to bring the prices down to the year 2003/4 level. While the majority of homes in Surprise are single family detached, there are also condos, townhomes and cottages.

If a newer home with a great price per sqft is of interest to you, please check out Queen Creek & the city of Maricopa.


 

Glendale

According to the United States Census Bureau, the city has a total area of 55.8 sq miles of which, 55.7 square miles of it is land and 0.1 square miles (0.2 km≤) of it (0.13%) is water.

As of the census of 2006, there were 248,812 people, 75,700 households, and 54,352 families residing in the city. The population density was 3,929.5 people per square mile.

Glendale is the home to the NFL's Arizona Cardinals. The team formerly played at Sun Devil Stadium on campus at Arizona State University in nearby Tempe, and in 2006 began playing at University of Phoenix Stadium in Glendale!

There are a number of higher education campuses in Glendale. Glendale Community College is a member of the Maricopa County Community College District, while Arizona State University has a campus in Glendale. Midwestern University is a graduate college of medicine located in Glendale. Thunderbird School of Global Management is a graduate school specializing in international management located in Glendale.

There are approx 12 golf courses in Glendale.

As far as real estate goes, Glendale has it all. The older parts of Glendale have some nicely established communities. Many single family detached homes have been built in the past 20 years. The city of Glendale has been growing rapidly to the West. In the western part of Glendale, many brand new homes at great prices exist. The builders are lowering their prices to try and keep selling homes.

Glendale also has some condos, townhomes and more at great prices.


 

Paradise Valley

The city of Paradise Valley is primarily a residential and resort community. If you are looking for the most luxurious home, look no further than Paradise Valley. The median home price is 1.7 million dollars, with many over 5 million and a few over 20 million. Paradise Valley homes are set on lot sizes of greater than 1 acre.

The city of Paradise Valley has 2 mountains within the city limits: Camelback & Mummy Mountains. Many of the Luxury estate homes are mountainside.

As of 2006, Paradise Valley had a population of over 15,000 people. 5,000 households, and 4,000 families residing in the town. The population density was 881.7 people per square mile . There were 5,499 housing units at an average density of 354.8/sq mi.

The median income for a household in the town was $150,228, and the median income for a family was $164,811.. The per capita income for the town was $81,290.

Based on median household income, Paradise Valley is the wealthiest city in Arizona.



Many famous people have called
Paradise Valley home including:

• Barry Goldwater
• "Superstar" Billy Graham
• Former Utah Jazz Jeff Hornacek
• Bil Keane, creator of "The Family Circus"
• Erma Bombeck
• Dan Quayle
• Stevie Nicks
• Alice Cooper
• Leslie Nielsen
• Sandra Day O'Connor
• Charles Barkley
• Mike Tyson
• Clive Cussler


 

Queen Creek

Up until 10 years ago, the city of Queen Creek was mostly a farming/agricultural community. Once the housing boom started in í04, the builders began to purchase the farm land and develop it. Most of Phoenix, Chandler and Mesa has been built out, so the Southwest & Southeast regions were the areas that many AZ transplants moved to.

Queen Creek is one of the up and coming cities. If inexpensive single family detached homes are something that may interest you, also check out Maricopa. Queen Creek was incorporated in 1989. It is a bedroom community of folks that wanted to live away from the hustle and bustle of the big city. The city itself estimates itís 2008 population at about 20,000 people. Queen Creek has a city plan underway that estimates the population will max out at 94,000 residents in the year 2017.

Most residents commute daily to the Mesa/Phoenix/Chandler area.

Shopping centers already exist in the city of QC, there are also a few golf courses.

Queen Creek is 85% new, single family detached homes, and 15% older residences.


 

Maricopa

Maricopa is one of the up and coming cities in the valley. The city of Maricopa (not to be confused with Maricopa County) is about 23 miles south of Phoenix.

The population of the city of Maricopa is approximately 33,000. Maricopa is the place to look for single family detached homes, or houses. There are no condos or town houses. It is strictly a bedroom community, but the city yearns for more. This is a great place for first time buyers, investors or snowbirds that are looking for a house vs a condo.

The prices in Maricopa start in the low 100ís though the mid 300ís.

The city has several grocery stores as well as restaurants. Several big box stores like Walmart & Home Depot have begun developing stores in the area.

I describe the city of Maricopa as ďSmall town feel only 20 miles to the big cityĒ



Maricopa's demographics

The city in Pinal County recently released the results of an unscientific household survey of its residents.
• 15 percent include someone with a technical or trade job.
• 45 percent have lived in Arizona five years or less.
• 66 percent have a household income of at least $50,000 .
• 55 percent are between the ages of 24 and 44.
• 59 percent have no more than two people in their household.
• 44 percent of the households include someone with a management or professional job.

The plan will require developers to set aside acres for open space and parks to assure that there is a park within a half-mile of every new home, Williams said. A transportation element likely will include expansion of the four-lane Arizona 347 and two-lane Maricopa-Casa Grande Highway, a direct connection to Interstate 10. The draft also calls for a university campus, airport expansion, a stadium or arena and a theme park or resort.

Maricopa's possible General Plan:
• Population: 350,000. (by 2025)
• Dwelling units: 125,000.
• Jobs: 187,000.
• Commercial space: 12.25 million square feet.
• Acres of rural land (one dwelling unit per 3 acres): 12,500.
• Acres of low-density developments (one unit per acre): 12,500.
• Acres of medium-density developments (three units per acre): 87,500.
• Acres of high-density developments (10 units per acre): 12,500 .


 

Mesa

Mesa is a city in Maricopa County, in the U.S. state of Arizona and is a suburb of Phoenix AZ, within the Phoenix Metropolitan Statistical Area. It is the third-largest city in AZ, after Phoenix and Tucson.

There are approximately 25 golf courses in the city of Mesa

The city itself is nearly 132 sq miles!

Mesa is one of the United States' fastest-growing cities, and currently ranks as the 37th-largest. In 2006, Census Bureau estimates put the city's population at 459,376.

When Mesa reaches build-out the city is expected to have a population exceeding 630,000.

Although it has a large population, Mesa is a "bedroom community." Many of the residents of Mesa commute to work daily. Neighborhoods across the city are diverse ó some areas have experienced urban blight, while others contain historic and elaborate custom homes.

Mesa was founded in 1878 by (LDS or Mormon) pioneers and its population is still roughly one-tenth Mormon. The Church of Jesus Christ of Latter-day Saints operates one of its oldest temples in Mesa (the Mesa Arizona Temple), and the city is a hub for Latter-day Saints residing in the Phoenix Metro area

Median family income: (per year) $54,850
Family purchasing power: (annual, cost-of-living adjusted) $51,262
Sales tax: 7.80%
State income tax rate: (highest bracket) 5.04%*
State income tax rate: (lowest bracket) 2.87%*
Auto insurance premiums: (Average for the state) $2,588
Job growth %: (2000-2005) 13.32%


 

Tempe

Tempe is Arizonaís 6th largest city with nearly 170,000 residents.

Tempe, AZ is known primarily for 2 things. One is Arizona State University, Home of the SunDevils! The other is that Tempe has the highest concentration of high tech firms in the state. Tempe has more than 750 high tech firms employing over 32,000 people.

According to the United States Census Bureau, the landlocked city has a total area of 40 square miles. The city of Tempe is bordered by Mesa to the east, Scottsdale to the north, Phoenix and Guadalupe to the west, and Chandler to the south. 40.1 square miles of it is land and 0.1 square miles (0.3 km≤) of it is water. The total area is 0.32% water including Tempe Town Lake.

The Salt River runs west through the northern part of Tempe; part of the river is dammed in two places to create Tempe Town Lake, which is host to many festivities each year. More than 2 million people visit the lake annually.

Tempe is generally flat, except for Hayden Butte (sometimes called A-Mountain for Arizona State University's "A" logo located on its south face), located next to Sun Devil Stadium, Twin Buttes and Bell Butte on the western edge of Tempe, and Papago Park northwest of Tempe, inside Phoenix. Elevation ranges from 1140 feet at Tempe Town Lake to 1495 feet atop Hayden Butte.

In 1885, Arizona Territorial Legislature chose Tempe for the site of the Territorial Normal School, which became Arizona Normal School, Arizona State Teachers College, Arizona State College and finally Arizona State University.

Real Estate in Tempe is a true mixture. With the university, there are plenty of condos and townhomes, along with single family homes.


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