Wondering why Arizona is so darn HOT in July?! Because of the housing market!!!
Here are some AHA's I learned from Scott Kiburz, ARMLS Chair. These are stats for Maricopa County. Phoenix, Buckeye, and other areas have even 𝐡𝐢𝐠𝐡𝐞𝐫 𝐧𝐮𝐦𝐛𝐞𝐫𝐬.
𝐊𝐞𝐲 𝐩𝐨𝐢𝐧𝐭𝐬 (it’s a pun, get it?):
🔑 Less than 1-month’s supply of homes
🔑 1,800 # of pending sales per 𝘋𝘈𝘠
🔑 8.1% appreciation rate (the national average is only 5.8%)
What does this information mean? It means homes are selling fast and for top price. It means multiple offers on homes. It means it is a GOOD TIME to sell your home because you're likely sitting on money you didn't know you had.
It also means that if you're looking to buy, nows's a good time to DIVE IN (not just get your feet wet). A home's equity is steadily increasing so even if you buy and hold, your return will be hefty. People are wanting to move to Arizona and it's truly an exciting time to be in the housing market.
Have any questions? Let me help you! I can offer you a FREE MARKET ANALYSIS of your home or area you're wanting to buy in. Contact information below 🥰
Author:Sarah June Crites Phone: 619-869-3916 Dated: July 6th 2020 Views: 816 About Sarah June: Hi! I'm Sarah June, your Real Estate Leader!
I am a Mother, wife, and dog Mom serving the Phoeni...
View our latest blog posts in your RSS reader. Click here to access.
Mojica & Associates Real Estate has over 55 years of combined real estate experience here in the Valley. Concentrating on evolving trends in a rapidly growing market, we specialize in finding the perfect opportunity for first time buyers, families looking to upgrade their home, 2nd home buyers and investors. Whether you are looking for the perfect place to hang your hat or finding qualified buyers to purchase your current property at top market prices, we can get it done for you.
Mojica & Associates Real Estate professes that the only way to best serve our clients’ needs is to continually educate ourselves and our agents on the most current and future market trends. Whether it is cutting edge technology to showcase or find the perfect home, making sure our staff is the most knowledgeable in the Valley on contracts, curre nt laws governing real estate sales, short sales, or simply updating our listings throughout the day, we deliver.
Available to you, our most important client, is a vast network of business professionals dedicated to every facet of the buying or selling experience. We specialize in “targeted” marketing that provides optimal exposure through every forum available in today’s competitive market.
Do you sometimes get letters from your bank/lender talking about defer
"I had tried working with other realtors before purchasing my first home with Michelle, and she was by far the most knowledgeable of the market, professional and a pleasure to work with. She has a great personality and superb negotation skills! The seller of my home was difficult to deal with(to put it mildly), and she knew exactly how to handle it to make sure the deal closed. I had a tight deadline as I had to be moved out of my apartment by a certain date and our days were limited on making it happen. On top of that my first lender made a mistake on my loan underwriting file, and I had to QUICKLY find another alternative and Michelle had the professional network to make it happen. When I go to sell my home or buy another, Michelle and her team will be getting my business again!"