Real estate opportunities rise in Arizona’s Valley of the Sun

REAL ESTATE OPPORTUNITIES RISE IN ARIZONA'S VALLEY OF THE SUN

Drawn by the allure of Arizona’s vacation, lifestyle and business opportunities, Canadians have been flocking to the Valley of the Sun in record numbers in recent years. Now, spurred by a strong Canadian dollar and an exceptional real estate market, many are choosing to make Scottsdale their second home.

“This may be the best time in the past 25 years to buy real estate in the Valley,” says Mark Hancock, a principal at Scottsdale, Ariz.-based luxury home builder Camelot Homes. “The mortgage industry meltdown and an oversupply of inventory have created a buyer’s market.”

Mr. Hancock says he expects the Valley’s temporary real estate glut to flatten out over the next 18 months as the region continues to experience bulging population growth. “Opportunity is knocking right now.”

For those seeking a second home with low-maintenance living in Arizona’s desert oasis, Camelot Homes, a family builder that has been in the business for more then 35 years, offers some breathtaking opportunities.

Situated in the heart of DC Ranch – renowned as one of Arizona’s premier golf and residential communities – lie two of Camelot’s award-winning
neighbourhoods, The Courtyards at Desert Park (built by Camelot’s sister company Market Street Homes) and The Villas at Desert Camp.

Both communities are framed by the spectacular McDowell Mountains in North Scottsdale’s high Sonoran desert.

Centred around neighbourhood courtyards that give the gated community its name, The Courtyards at Desert Park offers a diverse choice of one-, two-, and three-storey residences, including single-family homes, town homes, duplexes and stacked flats. Priced from the $500s with plans ranging from 1,564 to 2,248 square feet, The Courtyards showcase rich custom detailing and subtle finishing touches including
hand-painted tiles from Santa Barbara, intricate iron accents and charming wood shutters.

Residents of The Courtyards are privy to a private pool pavilion offering resort-style facilities with a heated swimming pool, spa, covered ramada and fireplace.

Camelot’s Villas at Desert Camp, located a few miles down the street, are also noteworthy.

These gate-guarded triplex homes centred around light-filled great rooms are priced from the $800s and range in size from 2,062 to 2,368 square feet. Grand rotundas, rugged brick pavers
and rounded wood doors add to the appeal of their charming exterior designs.

Known for building in prime locations throughout
the Valley, Camelot was eager to build these two communities because of their close proximity to DC Ranch’s well-known amenities including its health spa, community centre, private golf club,
restaurants, shopping, hiking and majestic mountains.

With the value of the Canadian dollar, the unbelievable value of Arizona real estate and a prime location like DC Ranch, there couldn’t be a better time – or place – to buy.

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