Amazing New Developments in Phoenix

(Information accurate as of March 15, 2023)

Amazing New Developments in PhoenixPhoto byKelly Cook

In the video, we will discuss various topics related to the Phoenix area, including an Airbnb bust during the Super Bowl weekend. According to Business Insider, over half of the Phoenix Airbnb homes were vacant during the event, with only 52% of short-term rentals being booked. The video delves into the reasons behind this low demand, attributing it to an oversupply of Airbnb properties in the area, as many individuals had purchased properties as investments, anticipating high returns. We will also touch on the potential consequences for those who bought properties in 2022 without substantial equity, hinting at possible opportunities for long-term Airbnb investors. Additionally, the video covers news about a new sports complex and hotel development in Glendale, the Phoenician Resort ranking as the number two resort in the country, and plans for adding apartments and office space to iconic Phoenix malls. Viewers are encouraged to subscribe for more insights into the Phoenix real estate market.

Kelly Cook has been a licensed Realtor in the Phoenix Valley for over 18 years and is the Team Lead of Cook & Associates Real Estate Advisors! Kelly Cook and his team of 25+ agents can be reached through email at info@cookandassociatesaz.com or by phone at (480)442-9868. Visit our website at www.myhomevaluecalculator.com to find out your home’s value.