Chino Valley

Chino Valley happens to be a town in Yavapai County in Arizona. As per the United States Census Bureau, the town acquires a total land mass area of 18.6 square miles, and all of it being land.

The Chino Valley high school is the center for education and for further studies ahead there is the Yavapai College. A five member Governing authority and a District Superintendent is the structure in which the Government functions in this city. District currently provides work for administrators and directors. The administrators are six in number, where as the directors are employed on a full time basis. The city also supports 158 accredited teachers and 190 employees that work both on a full and part-time basis.

Chino Valley is located in north of Prescott, and promises of a growing real estate in the forthcoming days. The town itself is in a developmental stage, having population strength of 9,600 inhabitants approximately, after an increase of 22 % between the years 2000 to 2004. Purchasing a residential plot in Chino Valley, somewhere in the Middletown is considered to be an apt and ideal location to nurture a family. This location is conducive to a healthy family life, because it provides a sound education and a high-quality healthcare system. Also, the place qualifies to be a platform for profitable business development and has numerous lands that are up for sale. The location ensures that Chino Valley has a mild and pleasant climate with bright sunny days round the year. An excellent feature of the city is that water here comes from the natural well that does not require clinical purification. Hence, the water consumed by the inhabitants of this place is healthy.

Real Estate

The real estate property in Chino Valley brings with it the options of condominiums, town homes, elaborate estates in separated areas with a huge backyard, single family homes and the like. The houses and the residential plots are built keeping in mind the taste and preferences of the consumers. Modern design and utilitarian purposes are well incorporated. Also the real estate holding boasts of a wide variety of cottage homes that vary in designs, location and prices. An overview of the real estate market pattern of the place would indicate that the demand for the mini ranch home in Chino Valley has been high for sometime. The present market for the mini ranch homes features almost a count of 100 homes that are displayed on 2 acres of land or more.

Within a span of the last 36 months the real estate market here has transformed itself from an entirely sellers market to one that is named intense buyers market. Gradually, it is moving to a normal market for real estates. The reports on market pattern for the estate holding shows that the average price of the land is now $87 per square foot. This indicates a fall in the prices by 9.4$ as compared to the previous year. Median sales price for homes is at $123,625, for sales of about 26 homes. At present Chino Valley supports a number of 432 new and resale homes, out of which 150 homes are said to be in banked owned, auction and pre-foreclosure stages of the foreclosure that are ongoing. The homes that are selling in the area records an average selling price of $232,015.

Investment Opportunity

The landscape of Chino Valley is picturesque, with half rural town vast land with pleasant people and surrounding. The area has experienced massive growth, since the integration of the town in 1970. With regards to the present economic downswing the locale real estate prices are going down. This in turn has heightened the possibilities of short sales and the abundance of foreclosure properties attacking the market. Also, there has been a trend where some owners of the land were not being able to repay their mortgages. There fore lands were mutually decided to be sold off to the lenders. However, the situation is now improving. The market that has been on a down slide is now gradually becoming stable. According to some market analysts and researchers this is a very lucrative time to purchase real estate deals, as the prices are reasonable. Also the real estate industry in Chino Valley is headed for a definite gain and profits in the forthcoming days. Hence, investors can look forward to some profitable gains from their investments.