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Home values in Queen Creek Arizona April 2014

By John Ferrin

Real Estate Agent with HomeSmart SA643346000

March 10, 2014 05:14 AM

Home values in Queen Creek Arizona April 2014

Real Estate market data for Queen Creek Arizona provided by John Ferrin of HomeSmart, Gilbert, AZ

Home values in Queen Creek Arizona

We saw 27 straight months of increases in home values in Queen Creek Arizona since the market bottomed out in 2011. Then, January 2014 arrived and we saw the market flatten out. Today we have a market that favors Buyers. This is because of the age old Supply and Demand Factor. There are currently more homes on the market than there are buyers.

2014 began with a whimper as demand from buyers fell off to historically low levels. Sellers, who went AWOL in 2013, showed up but the increased selections of homes for sale had little affect on the buyers.

Those who watch the market and keep tabs on those types of things watched for signs of the buyer drought coming to an end. Finally, now, buyers have begun buying again.

Although home values in queen Creek have continued to rise, the rate has tapered off and has slowed down just a bit. The rate of home value increase however is greater in Queen Creek than in other areas of the south east valley.

If you are considering buying a home you can still find deals on a house in Queen Creek Arizona but having a good Real Estate Agent who understands the market is a must. Don't wait on the sidelines for too long; Home values in Queen Creek Arizona are still on the rise for now.

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Queen Creek Arizona Real Estate Report Summary April 2014

Home values in Queen Creek Arizona continue to rise, albeit slowly. The average list price in April 2014 for a home for sale in Queen Creek Arizona was $263,760. This is an increase of more than 26% over this same time period last year. The average sold price for homes for sale in Queen Creek Arizona was $259,344 which is an increase of 25.6% over the same time from last year. Homes are currently selling at an average of 95% of their original list price.

Home values in Queen Creek Arizona are increasing. Homes are selling in an average of 71 days on market, and for higher prices than just a year ago.

home values in queen creek az