Realtors in Phoenix, Arizona say the city and surrounding areas are still in a strong seller's market.
"Welcome to one of the best year-round climates in the United States," say Realtors Ron Wilczek and Catherine Ball. "Phoenix has one of the most active housing markets in the U.S., with very reasonably priced homes compared to most metropolitan areas. We are the fifth largest city in the U.S. with city planners estimating that Metro Phoenix could grow another two million within 2020. Whether you are buying, selling, investing, you can find good quality, single-family homes from the low $100,000's to $10,000,000 plus. We have teams from all major professional sports and most any store you can imagine."
"Phoenix (and its surrounding towns such as Scottsdale to the East) are beautiful," says Realtor Dottie Stein. "The weather is hot in the summers, but lovely all other times. The "Valley of The Sun" encompasses many towns and covers a very large area. Most schools are very good; access to freeways and shopping is good and getting better every day with freeway additions. You would love it here, if you knew the area! Homes, though not all, are basically ranch style, and many have been upgraded considerably."
About the market, Stein comments, "Home prices have risen considerably during the past year or so. But, compared to some other states, prices are still a bargain! Property taxes here are quite reasonable. The inventory of available homes is unusually low right now, but homes that are priced right are selling rather quickly. With interest rates still at 30-year lows, it's a great time to buy."
"It is still a seller's market," observe Realtors Lou Vetter and Jill Samuelson. "That means there are more buyers than homes for sale, prices are rising, and there are multiple offers on homes. Some homes are selling faster than the sign can go in the yard. Because there are so many buyers, many agents are able to sell their own listings easily, and buyers are buying almost anything just to get into a home.
Vetter and Samuelson advise, "Particularly with low interest rates like we have now, affordable homes are selling the fastest. Buyers who wait at all to buy a home are finding they are paying two to three percent more than last month. To be ready to buy, you need to be preapproved by a lender and be ready to go out and see homes as soon as they come on the market. This is the perfect time for first-time buyers, and buyers that are looking for a bigger home to get into the market. If you can afford to buy a home, now is the time to do it."