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Maricopa AZ Homes for Sale - Market Update 8MAR12
nventory of Maricopa Arizona subdivision homes for sale continues to spiral downward. It is very hard to predict where the “bottom line” number will be but I expected downward pressure for at least the next month or so until the seasonal buyers begin the exodus back home for the summer.This usually begins at the begiining of April and continues through mid May.
Since the law of supply and demand is in full force, one of the end results is that it is becoming more difficult for financed buyers to purchase a home. Because most of the current listings are investor owned homes that were purchased at the Trustee Sale, the pricing has been very aggressive and is usually at the very high end (or above) what the homes will appraise for. In addition, financed offers are competing against cash buyers and most sellers will lean toward the cash offers, even at a lower price. Mt recommendation to buyers that are financing is to keep your offers as “clean” as possible and at list price. Any seller concessions should be built into the offer price.
It will be interesting to see what happens in the next couple of months when the seasonal ... more

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