Arizona Market the Number One Improved Market in the US!


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If you put “Arizona” and “Real Estate Market” in a Google search – you’ll probably end up with millions of hits talking about the phenomenal comeback we have had in our marketplace. It’s true – the Arizona real estate outlook has completely changed in just a few short years. It seems like yesterday when we had so many more homes than we were able to sell, prices were plummeting and the number of foreclosures was staggering.

Today, our housing market has completely turned the corner and we are seeing one of the strongest rebounds in the country after the market crash in 2007.

Homeowners Are Enjoying a Surge in Property Values
The single most exciting thing that has everyone ecstatic is that prices in our Phoenix Metro area have risen a very significant 33%! After the market crashed in 2007, it almost seemed impossible to expect a stable market. But as the market recovered slowly, and even at a time when there are still some areas that continue to experience challenges, Phoenix and its surrounding areas have bounced back significantly.

Buyers Seeing More Homes In Move-In Ready Condition
One of the challenges we had been facing for a while was buyers getting into homes that needed a lot of work before they would be considered move-in ready. Now, for the first time in that much time sellers are able to spruce up their homes for sale, many of them having maintained their properties over the past few years. Depending on the type of financing, buyers were often faced with the difficulty of having to deal with banks’ involvement about the homes’ condition.

Excellent Time For Sellers To Jump Off the Fence
Property values are finally making a comeback – enough for sellers that had been waiting and watching the marketplace since 2007. In many cases, equity has been rebuilt to a level where today’s market will likely yield the results homeowners have been waiting for in order to make their own move. Whether downsizing or moving up into a bigger, better home – now is a great time to make that move.

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If you would like solid, honest advice about what to do about your home – contact us today. We will gladly go over the details of your real estate goals and share with you how we think those goals would fit into today’s marketplace. We look forward to working with you!

3 comments :

  1. Stacey and Craig,
    Nice job! Great news, also.

    Polly

    ReplyDelete
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