Arizona homes for sale
Arizona Real Estate
Arizona Homes for Sale Are Poised for Spring 2024
Arizona homes for sale
What to Expect for the Arizona Homes for Sale in Spring 2024
In the next few months, home buyers will hit the MLS looking for their ideal purchase. Spring brings with it a renewed sense of buying and selling. Many people want to be able to move at the start of summer, settle in, and start enjoying their new home while the kids are not in school and the days are longer. Yet, if you are considering the purchase of Arizona homes for sale, you have to wonder what to expect in the current market.
It is always best to reach out to our Realtor in Arizona, Cathy Carter, to gain firsthand experience for the particular neighborhood and area you’re interested in. However, there are some factors to keep in mind.
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On our easy-to-use website, you’ll be able to search MLS for the best homes for sale updated every 15 minutes. View photos of available Southeast Valley properties, find detailed real estate information, save your search for real estate near me, create a free account, and receive notifications of new listings that match your home criteria delivered directly to your email. Scroll down below to browse Southeast Valley real estate and the benefits of living in the Phoenix area:
Current Phoenix Metro Area Real Estate Market Update
Home Prices Are on Their Way Up
As you consider the homes for sale in Arizona, one of the most important factors to think about is cost. The average Arizona home for sale at the start of 2024 was $421,000 and that is expected to rise, but at a slow rate, over the next year or so.
If you purchase a home now, you’ll likely get a lower cost than if you wait 6 months to a year, according to some industry experts. That may mean that your home builds equity in the short term. This is very much dependent on where you buy in Arizona as well. Some areas are far more competitive than others, and home prices range widely as a result.
It is also important to see that there is some competition in the housing market. It is likely that you will see counter bids to your own. There are some areas, especially in the Phoenix area, where homes are sold substantially above list price due to demand. That means it’s a good idea to be ready to make a purchase with a loan in hand.
Inventory Is Solid
One of the reasons home prices rose so rapidly in the last year years is the lack of inventory, meaning there are not as many homes for sale in Arizona as there are people interests. What we are seeing now is that there are more homes on the market than in previous years, with state-wide figures showing around 25,000 homes listed for sale.
It takes a home over 34 days to sell. That may seem like plenty of time to pick and choose, but again, that’s dependent on the area. There are some areas throughout the state that are still very much in demand, where home prices will rise faster, and homes will sell quicker.
Finding the Best Homes Means Having Access to Insight
The best way to ensure you have options when it comes to homes for sale in Arizona is to work closely with a local real estate agent. This allows you to get more insight into homes as they become available on the market. You will also get insight into whether a home is really worth the purchase price at which it’s listed.
Let our Realtor in Arizona, Cathy Carter, offer all the help you need. Reach out to us today for a consultation.
Cathy Carter has been dedicated to serving the people of East Valley. She began her career in new construction home sales and quickly expanded into every sector of the Chandler real estate industry. Today, after years of networking with the most reliable professionals in the local community and focusing on professional development, Cathy Carter is considered to be the top Realtor in East Valley. Most recently, she received the RE/MAX Lifetime Achievement award, which is the second-highest national award given to RE/MAX real estate agents.
RE/MAX Cathy Carter Real Estate & Luxury Homes
Professional REALTOR
ABR, CRS, CDPE
RE/MAX Solutions
4365 E Pecos Rd #103
Gilbert, AZ. 85295
Email or Call: 480‑459‑8488
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With www.realestatechandler.com you'll be able to find your dream home in no time. If you have any inquiries about homes for sale, connect with Cathy Carter!
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