Camino Real Land Corporation: Guess Who Is Back On Top – Arizona?s Return to the Spotlight
Camino Real Land Corporation: Guess Who Is Back On Top – Arizona’s Return to the Spotlight
Tucson, Ariz. (PRWEB) December 03, 2011
A recent study done by Camino Real Land Corporation has shown Arizona has become a top destination for travel and retirement in the United States. From the 2000 census forward, Arizona has been a top destination for tourism and a national growth leader, attracting millions of newcomers to urban, suburban, and rural areas alike. With the downturn in the national economy, Arizona, along with nearly every other state, has faced challenging times. However, the latest news headlines are bringing Arizona back to center stage as a great place to visit—and to live.
Arizona wins XLIX Super Bowl bid over Florida
On Oct. 11, 2011, the Associated Press told the world that “The Super Bowl is coming back to Arizona.” The article announced that Super Bowl XLIX, played after the 2014 football season, will be held at the University of Phoenix Stadium in Glendale, home to the NFL Arizona Cardinals.
This will be the second Super Bowl played at the stadium and the third held in Arizona, with the 2007 game adding $ 500 million to the state’s economy. The impact on migration to Arizona cannot be calculated in dollars and cents but history has proven the power of mass media.
The Super Bowl is an international advertisement for Arizona. More than a hundred million viewers—many of them looking out the living room window at icicles and grey slush—will be seeing those bright, clear, sunny skies and imagining what it would be like to golf or play tennis 365 days out of the year.
Arizona welcomes more visitors, US and abroad
The latest reports on tourism reinforce that Arizona’s star is once again rising. A report from Dean Runyan Associates shows travel spending in Arizona is up 7.9 percent from 2009 levels and gross sales at hotels are up more than 12 percent from last year. Hotel occupancy is up 4 percent over last year in select areas, according to STR Global, provider of the well-known STAR reports.
The past two decades have proven one thing: The more people who see and experience the state’s vast beauty, incredible weather, and quality of life—the more people move to Arizona.
Arizona has remained at the top as a national growth leader, welcoming new residents who want to escape colder climates and higher costs of living. The state expanded an unbelievable 22.9 percent since the 2000 census, drawing newcomers to four-season recreation, natural beauty, a reasonable cost of living, and Southwestern friendliness.
One of the most important groups in terms of near-future Arizona migration is the Baby Boomers who postponed acting on their retirement plans. This massive post-World War II population bubble has always played a leading role in economic, social, and cultural trends. In a recent CNBC special entitled Tom Brokaw Reports: Boomers!, this group was called “history’s wealthiest and most influential generation.”
Del Webb, a national leader in active adult housing developments, recently surveyed Baby Boomers in both the 50 and 64 age groups. The company discovered that many are still planning to move when they retire in spite of recent economic downturns—and fully half of those, 50 percent of them, have plans to move out of state.
The “sunbelt” states are still leading as top retirement destinations, of which Arizona, Florida, and California have always been top contenders. In the past few years, Florida has lost favor because of hurricane worries; while California brings concerns of earthquakes and a soaring cost of living. Arizona stands in a class of its own for freedom from natural disasters, outstanding climate, unspoiled landscapes, abundance of open recreational area, and reasonable cost of living.
“We all knew that Arizona would rebound,” said Ricardo Pomar, President of Camino Real Land Corporation of the breaking news. “As a long-time developer and land owner in Arizona, I have never seen a better time to take advantage of today’s low land prices. How often do we have a chance to see so clearly into the near future? Tourists are returning and soon Arizona will be front and center on the world stage. The same outstanding qualities that brought millions to Arizona over the past two decades are still here. I have watched the value of land in Arizona climb steadily through economic ups and downs, and that steady gain will continue. But everything comes in cycles, and today’s buyers will be ideally positioned to gain the maximum benefit from Arizona’s coming population surge. Now is the time to buy low and catch the wave of new growth. Land values have not suffered the way residential real estate values have through the latest downturn. Land is a limited resource and subject to the laws of supply and demand. Growth always brings a rise in land value, and rapid growth quickens that process. The values rise more quickly over a shorter period of time.”
For more information about Arizona’s phenomenal growth potential, visit http://www.sunsiteslandrush.com.
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