Real estate in Maricopa AZ is starting to appreciate. Over the past year, prices have gone up approximately 20%. See the chart below to see how prices have risen month by month over the past year.
When will we hit the bottom of the market for real estate in Maricopa AZ is a question I am asked 50 times per month. I’m a numbers guy and finally I’m beginning to see some sustained growth in the values. This should be a signal to the buyer that IT IS TIME TO BUY. What could happen if you continue to sit on the sidelines.
- Prices could rise further and deteriorate your purchasing power. In other words, less house for your money.
- Interest rates could rise which is another way your dollar will get you less for your money.
- Inflation could become a factor in the lenders’ willingness to loan money. In other words, the lenders could start to tighten credit making it more difficult to buy. Even though our government is telling us inflation is under control; most reasonable people will agree that gasoline and food is on the rise. Who can survive without either of those.
Take a look at the chart below to see how prices have risen in the past 12 months for real estate in Maricopa AZ.
If I can help you with your real estate in Maricopa or if you have questions, contact me at 602-790-2804 or visit my website at www.EastValleyPhoenix.com.
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