Cave Creek Arizona Real Estate Market Report October 2011
Cave Creek Arizona Home Sales are up slightly from last month. Listings are up just slightly over last month, which is typical as we're going into our winter visitor season. We expect the market to be a little slower over the holiday months but not significantly over the previous year.
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 Metro Area 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.
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