Inventory is down and close to the three month mark which means we are still in a sellers market (anything under 4 is considered a sellers market). We expect buyer activity to increase throughout 2016 which means values will continue to rise for sellers. 2016 should be a great year in real estate.
A huge congratulations to our new client who has picked one of the best places in the valley to live for her very first home. Welcome to Arcadia!
|
It happens every year at this time in the Real Estate world… the holiday “slow down” is here. This is the time of year that we tend to focus less on buying and selling Real Estate and more on parties, holiday cookies, and preparation for the big day. Little do homebuyers know that this is THE BEST…did I mention THE BEST…time to purchase real estate. Why? The answer is simple:
1. Inventory levels tend to climb (lower closed transaction count is largely to blame here).
2. There are less buyers in the market place causing less competition for homes and more opportunity to negotiate with sellers.
3. Sellers are MUCH more motivated … why? See #1 and #2 and, quite frankly, selling a home takes time, preparation, and there is an opportunity for a seller to be “inconvenienced” with showings when they would much rather be watching holiday movies, wrapping presents, or entertaining guests.
The proof is always in the pudding… so, let’s look at the pudding:
We are DOWN 1,000 transactions from October to November (closed sales). We are UP an entire month’s inventory from October to November.
So, if you are buying, don’t wait until after the holidays. The best deal to be found will be found NOW! Call 480.250.0023 for next steps. EvoAZ.com
|
