Keep trying as I may to be positive, the facts are we have gone from 18-22 months of inventory on the MLS to about 3-6 months of inventory in about 1-1/2 years…so when folks ask me, “do you think the market is still declining?” I would have to say ‘NO’ not in the South East Valley of Arizona. Have I seen prices rise? No not enough to make a significant difference. But in some cases, there are multiply offer and the folks are out bidding each other. Especially in the $120,000 price point and lower. So, I would say, now is the time to be looking and buying…with the interest rates and the prices as they are, I would say this could be called the ‘Perfect Storm’. If you are interested in finding more out, please call or email me.
If you want to start your search feel free to go on my website and do so…I would love to hear from you if you find a home or condo you are interested in. So we can get you on your path to own it!
Wednesday, April 27, 2011
Tuesday, April 5, 2011
Perhaps a bit optimistic, but in the last 3 months Our MLS (Armls) has sold on average about 1,000 more homes than we sold in 2005…Arizona Real Estate is hot, again! Yea there will be folks saying “but the price of homes has dropped so, how can you compare the two years”…to that I say…ba’humbug!! We all know the prices in 2005 were out of whack.
But what I want to scream from the roof tops is…”Hey things are not as bad as what we hear from the TV and other media”. If you are able, NOW is the time to buy a home. But let’s all do ourselves a favor and have reasonable expectation. No promises of 20-30% equity in 2-3 years. If you are buying a home or condo realize it is a long term investment and you will do just fine.
For more info on this or buying/selling a home in the Phoenix area, feel free to email or call.
Just my opinion…takes it for what it is worth,
United Broker Group