Similar to the Consumer Confidence Index, the SCI mirrors ARMLS subscriber reaction to changing Arizona real estate market conditions and their experience with current Phoenix home buyers and Phoenix home sellers. This sentiment influences subscriber investment and strategy regarding their professional real estate activities. Please note that ARMLS subscribers are comprised of Arizona licensed real estate agents and brokers.
Desert Ridge Marketplace Plus Good Phoenix Arizona Weather Equals a Great Time for Desert Ridge Home Owners
Well it is Spring of 2012 and here we are again, relaxing at the central court in the Desert Ridge Marketplace under dozens of perfectly manicured date palms; we must have some of the best Spring weather in the Southwestern United States.
From what we can witness, Desert Ridge property owners as well as Scottsdale and Cave Creek residents and visitors are really enjoying owning or leasing real estate in such close proximity to the Desert Ridge Marketplace.
Located in the highly sought after North Phoenix Arizona development of Fireside at Desert Ridge, this well appointed home offers a buyer the Saguaro floor plan (one of the most desirable floor plans in Fireside) with an abundance of high quality upgrades and finishes throughout.
With homes in the Desert Ridge area of the North Phoenix Arizona real estate market being in such high demand, investors should understand clearly, how 1031 exchange transactions work and what the requirements are for investment real estate buying and selling.
From an audit perspective, State and Federal taxing authorities continue to place focus on 1031 exchanges as a subject to top audit issues; this fact has been confirmed through reports by the Franchise Tax Board of a many large states.