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Valley Of The Sun Market Update

I know I am a little late with my Market Update however I have been busy with clients so I guess that means I am doing something right. I am glad to report that business seems to be picking up again here in the Valley of the Sun. From multiple offers on homes that are well priced, to prices and interest rates being low, the market here in Phoenix is showing signs of life again.

Last year in the month of May there were 4,660 single family homes sold in the Greater Phoenix area. This year there were 4,869 single family homes sold in the area. While this may not be a large increase in home sales it does demonstrate the point I have been making for quite some time now.

I believe our market is bumping along the bottom here in Valley of the Sun. And that the time to buy/invest in real estate is NOW.

Ulises Romo, REALTOR®

PRO-formance Realty Concepts

Email: ulisesromo29@yahoo.com

Cell: 602-380-4890

Website: http://ulisesromo.point2agent.com/

Company Website: www.proformancerealtyconcepts.com

Posted by Ulises Romo on 06/01/2008 10:39 PM

Comments (4)

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This post has been included in Arizona Information

4 Comments on Valley Of The Sun Market Update

JUN

2008

Ulises, good reminder post! Our market has definitely picked up! ;-)

JUN

2008

Teri: Thanks for confirming my post Teri. If only we could make buyers understand that now is a great time to buy.

JUN

2008

I think once people stop waiting for "the bottom to drop out" and realize that homes are once again being priced fairly, the market will continue to pick up. Arizona is still growing at a quick rate.

Stacey: You are right about that, Arizona is still growing. And prices are great throughout the valley. I have been working with people who call in about our ad which offers people the chance to find homes under $130,000. The phones ring off the hook with that ad. Thanks for your comment

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