Are You Looking to Sell your House in Scottsdale?
To get the value estimate of your home, please fill in your address in the space below. You’ll be given a value range. If you would like a more detailed estimate, you’ll need to complete the brief questions about your home and provide your contact information so we can reach out to you.
For 22 months straight, Greater Phoenix has had the HIGHEST appreciation rate in the country (January came in at 15.8%). As of April it was 23.7% appreciation, so iut is a great time to sell & either miove up ior move down, please let me know what I can do to help you!
Good news buyers, though we are still in a very HOT seller’s market, demand is dropping, as of recently, it is 9.2% above normal. And inventory is increasing, it now only 77.7% below normal. Active listing supply is down over 70% from last year (during lockdown protocols). The median sales price is up over 18% year over year to $360,000.
Today’s market is nothing like that of 2005 but the intensity of it feels very similar. The difference is, the past boom and bust market was filled with unqualified buyers purchasing multiple unoccupied properties with flimsy financing. Builders were building lots of homes. It was literally a “house” of cards that went crumbling down! Our current market is made of legitimate buyers, purchasing with cash or sound loans, and we lack inventory. This slight dip in demand is a relief for many exhausted buyers.
