New High-wage Jobs May Boost the Scottsdale Real Estate Market

In 2005, Arizona saw the addition of 9,600 high-wage jobs to its economy, as 37 companies “either expanded or moved into the state.” The value of the capital investment of these new companies totals nearly $660 million.

This growth has been very positive for residential Scottsdale real estate. As the average salary for these new jobs is $41,500, buying relatively high priced Scottsdale real estate has just become that much easier for thousands of Arizona residents. The influx of new companies has also brought outside workers to the area that will surely keep demand high within the Scottsdale real estate market.

Companies that have decided to settle in the valley include Verizon, eBay, Norwegian Cruise Lines and Tomcar. As more companies decide to take advantage of Arizona’s business incentives, the Scottsdale real estate market will probably see quite a bit of growth in its commercial and residential sectors.