My market area is the Arizona West Valley retirement communities. The market has been moderate, sellers wanting to sell and buyers looking for tremendous bargains. Buyers are buying however they are extremely conservative and are constantly discussing and reviewing current and past market statistics.
My Current Housing Market Conditions...
Our prices are holding and buyers are buying
Sellers have reduced prices and buyers are buying. Prices are remaining constant. Unfortunately baby-boomers are affected greatly whenever their children looses jobs. Sometimes physical, or health needs require selling a property. The volatile stock market, Enron and Madoff has also affected buyers and sellers ability to move. Houses are not being "given away". They are being sold around 4% or less lower than list price. Some properties are selling at list price. The tax credit had some impact on this market, but not as much as in other area markets. Most buyers and sellers own/purchase second homes as winter residences which were not eligible for the tax credit. Whenever a seller prices a property at the current value, the home does sell with the average time on market at 5 months. Properties that have desirable upgrades are in great demand. Presently I am seeing a great number of buyers who are requesting an extremely long close of escrow, some offers being written as long as seven months. Who knows what will happen in seven months? As such, sellers are requiring considerable non-refundable deposits for escrow periods over three months.
If you are in the market to buy or sell a home in one of the Arizona West Valley retirement golf communities, please call me or visit my website http://LEOLINDA.com. You will find information on floor plans and homes for sale in Sun City Grand Surprise Arizona, resales in Sun City West, Corte Bella, Arizona Traditions, Sun Village, Pebble Creek and Trilogy at Vistancia.
I am a full-time Associate Broker Realtor® and a year-round Sun City Grand resident.
Leolinda Bowers
Associate Broker
Ken Meade Realty
Cell (602) 403-6865
Business (623) 937-5701
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About The Author |
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© 2010 Leolinda Bowers (Arizona Retirement Communities Sun City West & Sun City Grand Real Estate). Unless otherwise noted, the content, both pictures and written, is the property of Leolinda Bowers. Reproduction in part or whole without written permission from the publisher is prohibited. |
Leolinda Bowers TM
Associate Broker
Ken Meade Realty
Cell (602) 403-6865
Business (623) 937-5701
http://leolinda.com/
If you are thinking of buying or selling a home in any Phoenix Arizona retirement community, consider hiring me as your Realtor®. I am the 2011, 2010 and 2009 Top Producing Agent in Ken Meade Realty. In 2011, I successful closed 71 transactions. As a year-round Sun City Grand resident and full-time Associate Broker Realtor®, I am familiar with Phoeniz AZ retirement communities Sun City Grand, Sun City West, Corte Bella, Arizona Traditions, Sun Village, Pebble Creek and Trilogy at Vistancia.
