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Migration stats for Arizona and other high and low ranking states

Have you ever wondered how many people are coming, or leaving your state on a yearly basis? I just read this information in an article, and discovered that Arizona was ranked number 5 overall from 2007-2008, with a net gain of 20,300 households. Where did most of these people come from? They came from California and Michigan according to the data.

Moving to Arizona TruckThe top 5 states people migrated to were Texas (62,827), North Carolina (40,995), Georgia (37,559), South Carolina (20,482), and Arizona (20,300). North Carolina, Georgia, and South Carolina all had the most people migrating from New York and Florida.

The top 5 states people migrated out of were Michigan (-37,370), New York (-28,376), Ohio (-20,575), California (-19,680), and New Jersey (-19,285). Where did most of these people migrate to? The article showed that in all the states except California, people migrated to Florida. Michigan, Ohio, and California also had most people migrating to Texas, which makes perfect sense when you look at the influx of families that migrated to Texas.

You can compare this to my recent post regarding overall population growth state by state.

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*This information can be valuable to those of you seeking referrals from other states, or those of you who work with relocation.

For More Information:

Contact Troy and Mia Erickson, Realtors®, Terra Solis Realty, LLC. Licensed Residential Realtors® in Arizona at 602-295-6807 for Chandler, Gilbert, and Queen Creek Arizona Real Estate. You can view all Chandler, Gilbert, and Queen Creek Real Estate from our website. We are here to help you buy or sell!

Chandler Arizona, What's it all about? Growth and Transportation

Chandler, Arizona what's it all about? Growth and Transportation:

Chandler's population in 2000 was just around 169,247, and during this time was considered the second fastest growing city in the country. A reflection what it was like ten years ago will show just how far Chandler has come in 2010. It was estimated in 2000 that by 2010 the population in Chandler would be 221,664, and by 2020, the population would be 258,915. As of January 1, 2010, the estimated population in Chandler is 253,352. Basically, Chandler has grown in the last ten years as much as it was estimated to grow over the next twenty years.

Chandler Freeway MapChandler is also located less than 25 minutes from Phoenix's Sky Harbor International Airport, which is a major hub for the Southwestern United States. The airport provides more than 575 flights daily, including 184 to California, and serves 66 different cities. Chandler is also bordered to the west by Interstate 10, which is a major transportation freeway that extends from California to Florida. Chandler also has the Loop 101, or Price Freeway (in Chandler), that runs North and South, and connects several suburbs of Phoenix, including Tolleson, Glendale, Peoria, Scottsdale, Mesa, and Tempe to Chandler. The Price Freeway section of the 101 also ends at the Price Corridor, where Chandler houses many high-tech industries to include Intel, Microchip, and Orbital Sciences. Construction on the Loop 101 began in the late-1980s and was completed in 2001. The loop 101 now connects with the Loop 202.

Loop 202, is a freeway encompassing the East Valley of Phoenix, surrounding the cities of Tempe, Mesa, Chandler, and Gilbert. Completed in 2006, the Santan Freeway portion of Loop 202 serves the southeast valley cities of Chandler, Gilbert, and Mesa, and provides access to the Phoenix-Mesa Gateway Airport. The Santan Freeway section of Loop 202 also connects with Interstate 10 on the west side of Chandler, near Ahwatukee.

Metro Light RailChandler is also in the process of linking an express bus route to the Metro Light Rail. Metro Light Rail is a 20-mile (32 km) light rail line operating in the cities of Phoenix, Tempe, and Mesa, Arizona and is part of the Valley Metro public transit system. Construction began in March 2005, and operation started December 27, 2008. There may be future extension of the Metro Light Rail line to west Chandler as well.

Chandler Arizona is still growing, and well connected when it comes to Transportation!

Foreclosure prices in the Phoenix Metropolitan Area may be at bottom

Foreclosure prices in the Phoenix Metropolitan Area may be at bottom, but...

The price of a Phoenix area foreclosed home is roughly the same as it was a year ago.  According to Arizona State University professor Karl Guntermann and his Repeat Sales Index, preliminary data shows that the median price of a foreclosed home in December 2009 was down just 2% from December 2008.  This means that foreclosure prices have basically reached bottom.  This has been a drastic change since October 2009, when foreclosed homes were selling for 15% less than they had a year earlier.  In November, that difference dropped to 9%.  The median sales price for December 2009, according to Guntermann was $127,000, up from $120,000 in November.

Interesting enough, the median sales price for non-foreclosures, or traditional home sales, is still declining.  The median price for traditional sales in December was $158,000 compared to $166,000 in November.  This declining trend has been continous for 32 months, since home prices peaked in the middle of 2006.

I believe that this trend will continue as the number of foreclosures decreases, and the foreclosure median sales price increases.  Traditional home sales prices will continue to decrease because they are listed at a higher price than foreclosures, and not selling.  They must lower their prices to compete with the roughly 35% of homes for sale that are foreclosures.

If this trend continues, we will eventually see that there may not be any difference between the sales price of a foreclosed home and a traditional home sale.  Right now that gap has closed to just under a 20% difference.

2009 A Busy Year For Lenders

2009 was a busy year for lenders.  Not because they were busy loaning out money to new home buyers, but because they foreclosed on nearly 41,000 single-family detatched homes here in Maricopa County.  Yes, it is a record, and it made up 35% of all existing home transactions for the year.  Because of this large number of foreclosures, the total sales of single-family homes rivaled that of the glory years of 2005, but for very different reasons.

According to the report written by Jay Butler, associate professor of real estate at the W.P. Carey School of Business, foreclosures were up again in December, to 4,060.  Median single-family home prices also took a dip to $140,000, from $143,000 in November.  Home resales for December were at 5,740, which was up from the November total of 5,350.

If you compare December 2009 with December 2008, foreclosures were up about 31%, the median sales price was down 4%, and resale volume was up 33%.  It's no coincidence that the resale volume almost equals the increase in foreclosures.  Here's a graph of how some of the cities fared:

CITY DECEMBER 2009 RESALES % CHANGE FROM 2008 DECEMBER 2009 MEDIAN % CHANGE FROM 2008 DECEMBER 2009 FORECLOSURES % CHANGE FROM NOVEMBER 2009
Phoenix 1,595 17.3% $90,000 0.0% 1,295 43.9%
Chandler 340 61.9% $188,450 -15.5% 205 57.7%
Gilbert 350 45.8% $185,200 -9.0% 240 60.0%
Mesa 530 19.1% $135,000 -8.8% 380 26.7%
Tempe 80 0.0% $181,250 -17.9% 50 25.0%
Maricopa County 5,740 33.0% $140,000 -4.1% 4,060 36%

Folks, we're not out of the woods yet.

Arizona still in Top 10 For Overall Population Growth

Even thought Arizona has struggled with government budget deficits, high unemployment, and many people losing their homes due to the housing crisis, Arizona still ranks in the Top 10 for fastest growing states. People are still interested in moving to Arizona, and there are a few reasons why.

First of all, the housing crisis has made homes more affordable in Arizona than they have been in almost 10 years. The Phoenix Metro area is still young compared to many other cities, and there is still lots of growth potential, and major infrastructure to be developed. This last year, we got our light rail system up and running. Phoenix is centrally located throughout the United States. We have one of the largest universities in Tempe. You never have to shovel snow, and it is clear skies and sunny over 300 days a year. There are lots of things to do and see, and plenty of opportunities for businesses to build, grow, and develop. Plus, we still have all four major sports, as well as MLB Spring Training.

The population in Arizona may have slowed due to the recession, but it has slowed throughout the United States. According to the U.S. Census Bureau, Arizona's population increased by 1.48 percent between July 2008 and June 2009 and sits at nearly 6.6 million. In the boom times during 2006, the growth rate was at 3.6 percent for Arizona, but that was a rate nobody could sustain. The largest growth rate by any state during July 2008 and June 2009 was Wyoming at 2.12 percent, but keep in mind that Wyoming's population is estimated at under 550,000. Here are the other states ranked 1 through 10.

POPULATION GROWTH

Top 10 Population Growth States, July 2008-June 2009

1. Wyoming 2.12 percent

2. Utah 2.10 percent

3. Texas 1.97 percent

4. Colorado 1.81 percent

5. Alaska 1.50 percent

6. Washington 1.49 percent

7. Arizona 1.48 percent

8. North Carolina 1.45 percent

9. Georgia 1.35 percent

10.South Carolina 1.29 percent

There are over 100,000 births a year now in Arizona, even during a recession. With only half as many deaths a year, there is a natural increase of 50,000 people every year. The biggest drop off in population is the lack of people moving to Arizona from other states. Arizona is still getting a significant amount of international migration, as "No matter how weak things are in Arizona, it still may be better than what they're leaving behind," said Lee McPheters, research professor of economics at the W.P. Carey School of Business at Arizona State University.

I have a feeling that Arizona will continue to remain in the Top 10 List for Overall Population Growth for many more years.