Yea! Some Good News!!
A paper in Arizona, The Arizona Republic reports that Home Sales are up! Personally, I think that is good news for everybody!
The Arizona Republic also reported that Phoenix area home sales were up in April of 2008 and leads Maricopa County as the place that most people bought homes in. 4061 homes were sold from April 1-24 and Phoenix home sales acount for 984 of those, or almost a quarter of the overall number. The median selling price of homes in April was about 219,000.00. Mesa is in second place for April sales with 418 sales. The Cities of Gilbert had 290 homes sold and Surprise sold 263 homes in the same time period.
Scottsdale homes had the highest median price of a little less than 400,000.00 and had 366 homes sold during that time period. The paper had used information according to Market, a company that tracks and records local real estate data.
The way I see it, overall, it appears that April was another good month here in Arizona for Selling and Buying Homes! It is still is considered a "Buyer's Market", however, the buyers are out there and they are actually buying! This is an exciting time to be in Real Estate. Whether you are buying your first home, investing in properties, etc. Even if you are thinking about Selling your home so that you can move up, this is a great time. You may take a loss initially on your home but you will save money on the home that you will be "Moving Up" to.
I will continue to keep my eye on my local market and will keep you updated!
If you have any other questions regarding the Phoenix Metro Area's Real Estate-Contact me at SylvieDolley@q.com I can help with all your real estate needs! Or visit my website to view some fine homes and properties! WWW.SylvieSellsAzHomes.com. I am a Full Time Realtor that can make your next move much less stressful!