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Otero Realty Group's professional agents specialize in representing clients in the purchase and sale of single-family residences and income producing properties within the Metro Phoenix & Valley wide Areas. We keep up to date on what's happening in the local area and are also very knowledgeable about the local new home builders and developments. We will happily assist you every step of the way and take you to the next level by locating the property, organizing the financing, and arranging you with secure & reputable property management.
 
Our property management services complement residential real estate transactions. Prior to closing on your property we will tailor property management services to meet your individual needs. We take the hassle out of out-of-town ownership.
 

Our goal is to make the acquisition and management of
our clients' properties simple and efficient. 
We offer all the resources necessary to make your Real Estate investment lucrative.

Full service, full solutions to your financial goals!
 

Surround Yourself with Success
 
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There is a lot of talk about everyone moving into real estate, but you have to evaluate each investment to make sure it's the proper one. In addition to people looking for alternatives to the stock market, low interest rates, favorable tax laws and continued growth in Arizona also are driving investment interest. Appreciating home values in recent years have made investing in real estate more lucrative. Investors are looking at residential real estate to diversify their portfolios.

Why Arizona Income Properties Are Your Best Path To Meet Your Financial Goals
Now consider income property. Arizona real estate has performed well in the past, but economic and demographic data show an even more promising future.
 
  • Arizona is consistently rated among the top states in the nation in terms of population growth and economic climate.  According to the Arizona Department of Commerce, Arizona currently enjoys a vibrant economy fueled by low interest rates, increased buyer power of baby boomers, low unemployment, high job growth and a strong demand for new housing.
     
  • 4th highest appreciation rates for real estate in U.S.
     
  • Over the next decade, it is predicted that 40% of the total growth for the Phoenix AZ area - about 128,000 new homes! - will be built in areas west of Phoenix.
     
  • Named the best run city in the country by Governing Magazine, Phoenix AZ is also one of the fastest growing cities in the country over the last decade.
     
  • With a diversified economy, an educated workforce, and one of the lowest unemployment rates in the nation, Phoenix is a magnet for corporations and workers.
Click the image above for a zoomable street map of the Phoenix Metro Area
 


Click the image above for a  zoomable street/ zip code map of the Phoenix Metro Area


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  • Some other reasons to invest in income property are:

  • Tax deductions & credits
  • Appreciation – increase in value
  • Leverage – using other people’s money
  • A steady, growing income source
  • Amortization – loan reduction & payoff
  • Risk level – your assets are secured
  • Possible capital gains exclusion through 1031 exchange
  • Diversification-The real estate market doesn't always move in tandem with the securities markets, so investing in real estate can provide diversification. In fact, when the financial markets are turbulent, real estate is often viewed as a "safe haven" for investors.


     Let Otero Realty Group's professional agents create a customized program that will help meet your financial goals. For information on how to prepare for your financial growth through real estate investment.
 
Phoenix Area Real Estate Economic Data
Valley Home Prices Continue to Climb

Real Estate Investment
 
 

 
 

Metropolitan Phoenix Home Sales Trends
 (1996-2003) Median Sales Price
 
Single-family
Townhouse/Condominium
 
Year
Resale
New
Total
Resale
New
Total
Grand Total
1996 97,000 130,750 111,400 69,875 110,850 72,900 106,675
1997 105,000 136,130 116,230 72,500 116,500 76,000 111,220
1998 113,585 139,070 122,000 77,500 119,400 82,500 117,000
1999 120,000 146,710 129,900 81,900 136,070 86,000 124,900
2000 128,900 150,770 136,820 86,000 152,350 90,000 131,000
2001 136,000 156,560 142,680 90,500 163,710 95,000 137,500
2002 144,900 159,990 149,900 95,500 162,660 100,000 144,500
2003 155,000 173,240 160,000 103,275 184,700 109,000 155,000

Source: Arizona Real Estate Center, L. William Seidman Research Institute,
W.P. Carey School of Business, Arizona State University.

   
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