Reflecting on the past year’s activity, the Forest Highlands team views 2012 as a transitional year. Accomplishing nearly 40 home and homesites sales in Forest Highlands throughout the year has decreased inventory, a trend that is occurring throughout the state of Arizona.
The latest national report shows homes prices jumped by the largest increase in 6 ½ years, with Arizona posting the highest surge among states.
National Association of Realtor statistics show Phoenix increase in prices at 33.9% Q4 2012 annual rate over Q4 2011 annual rate.
Low inventory and pent up demand are fueling the increase in Valley prices and most economists expect prices to keep rising this year.
The data presented in this report, along with national statistics, will lead you to the conclusion that the real estate market will see an upward trend for 2013.
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About Forest Highlands
Established in 1987, the 1,100 acre Forest Highlands luxury community is located two hours north of Phoenix and just five miles south of Flagstaff. Offering 24/7 security and guard gate, this luxury community has exquisite views of the surrounding forest, mountains and lush golf courses.
Forest Highlands Golf Club
2425 William Palmer
Flagstaff AZ 86005
About Forest Highlands Realty
As the Real Estate professionals entrusted with continuing the community’s legacy, Forest Highlands Realty, is the on-site brokerage located at the gates of Forest Highlands. Representatives of the community since 1998 – The Forest Highlands Realty Team serves as your personal community concierge.