Just stopping by to wish everyone a happy April and a Happy Earth Day! Our weather is definitely warming up and spring has sprung, while the east coast continues to get mixed messages getting slammed with rain and snow. Hopefully they, too, will get the warmer weather very soon.
Just an update on the real estate market in the Phoenix valley: There are currently 15,947 active listings in our MLS as of this moment. There are about 5,000 active with a contingency, 11,685 pending, and homes are selling quickly – at least those that are in the mid range and priced well.
Sellers seem to be a bit wary about listing their home because of the lack of real choices for them if they sell and then want to purchase another home. We have buyers looking for homes/prices that were available last year – but, alas, prices have sky rocketed, especially in the Phoenix area – almost 25%. Still, values are good here, and it’s a great area in which to live.
Don’t wait too long if you’re thinking of purchasing a home or selling your home. As many discovered in 2005, 2006, the values disappear.
I like the quote by Warren Buffet: “Be fearful when others are greedy, and greedy when others are fearful.” It’s not a greedy market right now….but, one never knows.
Give me a call at: 480.216-3334 if I can help you list your home or find one for you to purchase. Otherwise, feel free to continue to browse the homes for sale on my site….no charge. ;-_)