6 AZ Cities Rank In Top 10 Best US Cities To Sell A House!
SmartAsset has released late last month its fifth annual study on the best cities to sell a house. Out of 255 U.S. cities, six Arizona cities led by Mesa placed in the top 10. Cities were ranked according to five metrics: five-year change in median home value, average number of days on the market, percentage of homes sold for a loss, average closing costs and real estate offices per 1,000 residents.
Mesa was recognized as the second best city to sell your home based on the following strengths: 44 average days spent on the market, 50.2% increase to its five-year median home value from 2014 to 2019, and a low percentage of homes sold at a loss at just 12.17%.
Placing fourth in the top ten is Glendale with homes spending just an average of 43 days on the market, 51.7% rise in median home value in five years time from 2014 to 2019 and closing costs at just $3,280.
The third Arizona city to make its mark on the top 10 is Surprise which ranked seventh. It posted an average of 49 days spent by listings on the market, a 39.5% median home value increase from 2014 to 2019, 1.46 real estate offices for every 1,000 residents and less than 13% of homes sold at a loss.
Phoenix follows at eight place with homes in this city spending 51 days on average on the market and median home values up 51.0% from 2014 to 2019.
Ranking ninth on the list is Gilbert with an average of 44 days, media home value rising 42.2% in five years and average closing costs at $3,773.
Tempe rounds up the top ten best US cities to sell your home with a five-year home median value growth of 38.4% from 2014 to 2019, 13.54% homes sold at a loss and the seventh best time homes spent on the market at just 37 days average.
In addition to rising home values, key findings in the study also noted that homes in the top 10 cities stayed an average of 46 days on the market; conversely, properties in the bottom 10 sold for almost three times as long at an average of 127 days.
And to underscore just how well these Arizona cities are selling homes, take a look at some of the listings we've recently had go pending... in less than a week of hitting the market!
Do you have a home in any of these Arizona cities that you're thinking of selling? Then there's no better time than NOW to get top dollar fast for your home while inventory is this crazy low and buyer competition is intense! Get The Shanna Day Team on your corner and watch the offers come in!
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