Phoenix Home Values Continue To Rise As Other Major US Areas Slow Down!
The average U.S. home value rose eight percent in the last year, with median home value at $218,000, but that doesn't mean most major housing markets was at pace. Rather, Zillow's July 2018 report found that 20 of 35 largest US housing markets experienced slowed growth. Phoenix was one of the exceptions with a 7.7 percent increase, a median home value of $256,000 and a faster than average rate of home value growth at 4.8 percent.
What's slowing down for Phoenix, though? Try the median rent growth. The same report found the growth of median rent for Phoenix in the same period slowed down from to 2.6 percent to 1.7 percent, with median rent coming in at $1,362. The same can be said for median rent growth across the U.S. which rose only 0.5 percent in the last year.
So if you've been holding out on selling your Phoenix home, looks like this is your cue to come down that fence! Get top dollars for your property while home values are at an upward trend.
Now don't just go putting your home up for sale on your own and calling it a day; selling your home takes more than crossing your fingers hoping to land a buyer. Homebuyers are also looking for good value for their money so you'll need your home to stand out from the competition.
Also, why sell your home by yourself in the first place when you can have a whole team- MY TEAM - of real estate experts helping you get our home sold? We also have a Ready to Sell program to help get your home in tip-top shape with necessary repairs and remodeling (like new paint and new flooring) so it shines like a diamond out there in the eyes of your ideal buyer!
Like what you're hearing so far? Well, better contact me ASAP to learn how we can help you get your home sold for top dollar!
If you have any topics or questions you would like answered, contact The Shanna Day Dream Home Team - we’ll find the answers for you!
Shanna Day Dream Home Team
Keller Williams Realty East Valley