Pine, AZ

Real estate in Pine, AZ is a hot commodity. The city has seen an influx of people and businesses in recent years, which has led to an increase in the demand for housing and commercial space. There are a number of factors that have contributed to this trend, including the growth of the tech industry in nearby Phoenix and the increasing popularity of outdoor recreation options such as hiking and biking.

According to Zillow, the median home value in Pine was $269,900 as of September 2017. This is significantly higher than the statewide median home value of $179,000 and reflects both the high demand for property in Pine and its relative affordability compared to other areas of Arizona. In addition, there is significant inventory available for purchase within Pine – according to Trulia, as of September 2017 there were 1,853 homes for sale within city limits – which indicates that buyers are not experiencing too much difficulty finding properties they want to buy.

One potential downside to this market dynamics is that prices may continue to rise faster than inflation over time. This could lead some buyers who are unable or unwilling to pay more than what their home is worth right now to be left out of the market altogether. Additionally, if new development projects are not approved or completed soon enough (due either to zoning restrictions or construction delays), then vacancy rates could start rising again and drive down prices even further.