The Best Time To Buy A Dream House In Phoenix

The Best Time To Buy A Dream House In Phoenix

NOW is the best time to buy your dream house in Phoenix, Arizona. Market trend and graph show that Phoenix inventory of homes for sale increased significantly and enormously. Incidentally, recent demand charts show that the demand can’t keep up with the supply. Consequently, this means that there are a lot of properties left listed and unsold.

Why Real Estate Investment in Phoenix is Worth Your Time & Money

Below is a summary report on Phoenix Real Estate Market from one of the leading Real Estate Listing Websites. Average price per square foot for Phoenix AZ was $116, an increase of 20.8% compared to the same period last year. The median sales price for homes in Phoenix AZ for Jul 13 to Oct 13 was $160,000 based on 4,088 home sales. Compared to the same period one year ago, the median home sales price increased 14.3%, or $20,000, and the number of home sales decreased 9.4%. There are currently 5,748 resale and new homes in Phoenix on Trulia, including 40 open houses, as well as 7,382 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Phoenix AZ was $285,922 for the week ending Oct 23, which represents an increase of 0.4%, or $1,238, compared to the prior week. Popular neighborhoods in Phoenix include Camelback East and Paradise Valley, with average listing prices of $627,359 and $558,181.

How does it benefit you as a buyer?


The current trend in the Real Estate Market in Phoenix is inclining in favor of buyers. Since there is relatively higher number of properties listed and unsold at this point, as a buyer, you have a lot of options to choose from. Thus, allowing you to pick the best for you. Plus, as a benefit from the Law of Supply and Demand, you will definitely get the most out of your hard-earned penny. Still, choosing the best Real Estate Agent is a must. Combining this rare opportunity with the best agent will guarantee not just the best value for money but more importantly is the lifetime satisfaction.
If you are interested in buying, selling, or renting a home or you would like to get involved in the fabulous world of real estate sales or investing, give us a call at 480-788-9660 or email us at [email protected]


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Phone: 480-999-2338
Dated: November 1st 2013
Views: 7,108
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