The article, Phoenix Region April Home Sales, from DATAQUICK.com, reports that Phoenix area’s median sale price dipped slightly in April compared with March and the single-digit increase from a year earlier was the smallest in 26 months, the result of rising inventory, waning investor demand and affordability constraints. The number of homes sold was the lowest for an April in six years, a real estate information service reported. In April, a total of 9,008 new and resale houses and condos closed escrow in the two-county Phoenix region, up 12.2 percent from the month before and down 10.8 percent from a year earlier. This April’s total sales were 11.8 percent below average for the month of April. That's mainly because new-home sales were nearly 61 percent below the long-term April average, while resales of single-family detached houses were 0.5 percent below average and condos were 5 percent above the April average. The number of new and resale homes bought in April for less than $100,000 dropped 31.2 percent from a year earlier, while sub-$200,000 sales fell 16.9 percent. Deals between $200,000 and $600,000 – a typical move-up range – rose 3.2 percent year-over-year, while the number of homes selling for $500,000 or more rose 6.0 percent from April last year. Home price increases have moderated in Phoenix and other Western markets as the number of homes listed for sale has increased, and as higher prices and mortgage interest rates have priced out some potential buyers. In addition, demand from investors has eased and some would-be buyers are struggling with credit challenges. Early last year the combination of ultra-low mortgage rates, tight inventory and high investor demand fueled steep price gains.
The Celtic Connection Team at Solutions Real Estate has a web site featuring homes specifically at Johnson Ranch in Queen Creek (San Tan Valley) AZ. The website can be viewed at http://www.JohnsonRanchRealEstateExpert.com and features Johnson Ranch in Queen Creek (San Tan Valley) AZ homes for sale, Johnson Ranch in Queen Creek (San Tan Valley) AZ real estate, a search for Johnson Ranch in Queen Creek (San Tan Valley) AZ bank owned or foreclosures, Johnson Ranch in Queen Creek (San Tan Valley) AZ Golf Course Homes, and Johnson Ranch in Queen Creek (San Tan Valley) AZ Swimming Pool Homes. There is also a page that provides a real time update showing Johnson Ranch in Queen Creek (San Tan Valley) AZ properties that have been newly listed or had price changes.
Comments (0)Subscribe to CommentsComment