Phoenix Housing Market Update 11/30/17

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Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000
http://activerain.com/droplet/58Xf

The Phoenix Housing Market Update for 11/30/17  reflects continuing strong sale results.  Overall, our Inventory is down 11.5% year over year for November.  Months supply stands at 3.09; distressed sales number 2% of total sales; average days on market is 69; with a median sales price expected to be $243,000 for December.   

 

This data mimics many national sales results around the country.  Low inventory, strong sellers market, and rising prices.  For buyers under $350,000, act fast or be left out!    For sellers, be prepared for the onslaught of multiple offers.  And if this isn't happening for you under $350,000, then you're doing it wrong.  

 

Phoenix Housing Market Update 11/30/172018 promises to be a strong year. More will be written about that in another post.  Interest rates recently ticked upward so if you haven't purchased a house or refinanced your mortgage, there's no better time than the present to seal up a low interest rate.  

 

If you're looking to buy or sell a home in Maricopa County, please give me a call.  You'll receive prompt, reliable service 

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Arizona Maricopa County Scottsdale
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Tags:
rising interest rates
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Rainmaker
418,932
Francine Viola
Coldwell Banker Evergreen Olympic Realty, Olympia WA - Olympia, WA
Realtor, In Tune with your Real Estate Needs

Nice market stats for Maricopa County!  And nice to see very few distressed sales in your market.

Dec 28, 2017 11:12 AM #1
Rainmaker
868,298
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you for commenting Francine Viola ! It's always interesting to see what's going on around the country.  You never know, someone may want to retire here! 

Dec 28, 2017 12:09 PM #2
Rainmaker
1,474,798
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Jan - you are back to a very strong market.  Distressed sales are now almost non existent.

Dec 28, 2017 01:47 PM #3
Rainmaker
868,298
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Yes, you're right Grant Schneider !  Our non-judicial state corrects pretty fast - miss 3 payments and receive a Notice of Default.  Miss 6 payments and the trustee sale starts!  Not all companies abide by that, some are slow, but that's our process.  Thank you for commenting and have a great rest of your day!

 

Dec 28, 2017 01:52 PM #4
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Rainmaker
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Jan Green

HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
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