Residents from NorthernCalifornia are driving demand in Arizona's home market. Accordingto a report from Realtor.com, Sacramento capital is coming to themarket to purchase a second home. The activity has helped pushdemand in Arizona to one of the top housing markets in the countrysince 2017. This trend has been true for both single-family homesas well as condos.

“As a certain part of the population starts to contemplate lifechanges, like retirement, they are looking for an amenities-richlifestyle, experience-driven and long-term affordability,”Crel Vogel, a sales manager at OptimaKierland, tells GlobeSt.com. “Many have come accustom toan elevated life experience and are looking to maintain or expandon that experience for a longer period – into and past retirement.Many times that means leaving higher taxed areas, trading in theirhomes and moving to a more affordable location that offers all ofthe amenities and experiences that they will be able to sustain fora long time.”

Optima Kierland, know for luxury high-rise residences inPhoenix, is seeing a significant impact from Northern Californiabuyers. The trend started about five years ago, and has continuedto gain momentum. “There was a fairly healthy migration to Prescottfor years from mostly northern California, and that appears to betransitioning from Southern California into the Valley's Metroarea,” says Vogel. “While Prescott is a wonderful sleepy town, manypeople prefer more activity and experiences that a larger city,like Scottsdale and Phoenix, offers. Along with the rest of thecountry, Arizona has seen a huge improvement in the housing market,which comes with appreciation. With that being said, our prices area bargain in many cases for Californians.”