Read about Phoenix- Increasing property values in Phoenix area point to recovery

By Michelle Ye Hee LeeThe Republic | azcentral.comSun Mar 2, 2014 7:53 AM

Median assessed values of Valley homes and businesses increased this year by double-digit percentages for the first time in seven years, suggesting local real-estate markets are recovering, the Maricopa County assessor says.

About 1.6 million valuation notices for the 2015 tax year were mailed out at the end of February. All classifications of properties — vacant lands, single-family homes, condominiums, apartments, commercial properties and manufactured housing — saw improvements in value this year. Commercial-property values have increased for the first time since 2009.

About Jay Rock Realty Associate Broker

Jason "Jay Rock Realty" born and raised in Phoenix, Arizona is top-notch real estate professional that works to ensure that sellers receive top dollar for their homes in record time, and that buyers find the perfect home for their budgets. Specializing in Phoenix, Carefree, Cave Creek, and Scottsdale real estate communities and the surrounding area. Jason has spent years working on the appraisal side of real estate transactions giving him in-depth knowledge on home values which is essential in a real estate transaction. Whether it is helping first time home buyers achieve the pride in ownership or it is helping investor's build a plan of success in a productive rewarding industry, he gets it done with enjoyable and producing methods.

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