The Arizona Republic of June 28, 2007, reports that Gilbert, in the Phoenix East Valley, is now the 5th fastest growing city in the U.S. with a population of 191,500 at the end of 2006.
A bit of coincidence but Phoenix is now the 5th largest city in the U.S. at over 1.5 million population. Maricopa County, which includes metropolitan Phoenix, has a population of 3,768,123 as of July, 2006. It now ranks fourth among the nation's counties and is greater than the population of 23 of the 50 states. The center of population of Arizona is located in Maricopa County, and just by happenstance, in the town of Gilbert.
We are blessed with a warm climate, excellent city and state management, and a great economic climate to boot. The bets are that the Phoenix Metro area will rebound well ahead of the rest of the nation in the Real Estate sector. Sales of single family detached homes so far in 2007 is 26,518 with an available inventory of 54,250 as of this writing - a 1 year supply of homes with more and more Sellers finally realizing the boom is over and reducing prices accordingly. With mortgage rates returning to the 6% region again, ( http://www.bankrate.com/brm/news/mtga/June2807_mortgage_analysisa1.asp ) it is an exceptional time to buy in the Phoenix area.
And yes, I do believe what I just wrote.
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