Phoenix Arizona Real Estate Home Sales Report September 2011
The Real Estate Market is Alive and Doing Well in Phoenix Arizona. By looking deeper into the statistics comparing last year stats to this months you'll see a big difference.
Active Listings are Down by 44%
Pending Sales are up by 30%
Closed Sales are up by 18%
We all know the media likes to 'take a bite' on any negative piece of news to make it appear as if the real estate market is doom and gloom. It is not! We expect sales to continue on a upward trend this next year due to low home prices and low interest rates.
Many Phoenix Arizona homes have had multiple bids if they're priced right, in good condition and in a good location. There are still bank owned and short sales and some traditional sales.
My advice to buyers is that if you find the home you like, and the comparables prove to be in line with the market, don't wait to make your offer - if this truly is your dream home or a hot investment property that fits into your portfolio. It may take a few bids to finally win a bid on a home but in the long run it's worth the effort. Patience will pay off.
Low Interest Rates + Smoking Hot Home Prices = Time to Buy Home in Phoenix
And of course if you're looking for a hard working, dedicated real estate agent that knows the Phoenix, AZ real estate market and knows how to navigate multiple bids - give me a call.
Let's meet for coffee and discuss your game plan.