Just Sold in Phoenix, AZ – By Team EvoAZ – September 2017
Team EvoAZ Sales Totaled $2,892,000 For September 2017!
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Is Now a Good Time to Buy?
As we approach the holidays, we are asked this question more and more often: Is now a good time to buy? The answer is unequivocally YES! Why? It’s simple. If a home is listed during the holiday season, you have a motivated seller. They want to sell. Buyer activity also slows down during this time of year. What does that mean? Less competition! You’ll be in a great position to negotiate with both of these working for you. Keep in mind… pricing got worse in the last few days so, if you are looking to buy before the year end, now’s the time to call (or text) us for the best deal on your new home! 480.250.0023
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The “Perfect Storm” for Homebuyers
Sellers are beginning to feel the “holiday slowdown” as we move further and further away from the feeding frenzy of summer. We had fewer sales in September and did experience a spike in new listings. Our inventory has increased just a bit causing more competition for sellers and more selection for buyers. Interest rates remain low allowing for affordable financing. Increased inventory, motivated sellers, and affordable financing? It is the perfect storm for homebuyers.
Is the Phoenix Real Estate Market finally on Summer Break?
It happens every year but usually we see it at the beginning of July vs the end. The market is finally showing signs of the summer slow down. Up from 2.58 months inventory in June to 2.83 in July and down just a tad in sold listings, we are finally seeing the numbers reflect it. For buyers, this might be a good time to find that perfect home…while you have a little breathing room before the market kicks up again. For sellers, it’s still a sellers market but you might want to air on the side of realistic with your pricing and negotiation terms. The more inventory creeps up, the more choices the buyers have.
