The Phoenix real estate market is experiencing it's seasonal lull or shift. We see much less activity in the market. Fewer new listings, fewer offers and fewer contracts. Don't let the numbers deter you if you are thinking of buying or selling. This means there is less competition on both ends. Fewer multiple offer situations, better deals to be made and fewer buyers walking through your home during the holidays. The buyers that are out there are serious however which is a great thing for sellers.
North Phoenix's 85028 or North 32nd Corridor is no exception to this seasonal flux. Where we normally have 100-115 homes active on the market and 45 homes sold each month, we see numbers slightly less then average with the absorption rate remaining constant.
Average Sold Price: $467,968 or 175.98/sq ft
Days on Market: 83
37 Homes Sold in October 2015
Only 98 Homes on the market - a 3 months supply
Things to note from recent events: FHA is working to lessen the requirements on condo mortgages which should make buying and selling condos much easier to do and more financing options available to the public as a whole. We are also watching the Home Equity Lines from 2004-2005 very closely as some of those terms are expected to change in the next few years. We expect to see an influx of properties on the market trying to sell to escape their escalating HELOC payments.
Again, the rental market remains strong and rental rates continue to go up. We have seen an 8% increase in rents this year while experiencing normal inflation of 4-5% in the resale market at the same time.
Your Red Door Real Estate Team was founded in 2016 by Chelsea Anderson & Katie Evans when they joined forces to take the real estate world by storm! We specialize in traditional residential real estate which means we help sellers sell and buyers buy homes in and around the Phoenix Metropolitan Area.
Your Red Door Real Estate Team is known for helping sellers sell for 99% of list price in only 37 days on average which compared to the average agent nets our sellers 2% more money in less then half the time on the market. What does this mean for you as a Seller? More Money in YOUR pocket!
Our Buyers meet with us too for us to understand their situation and create a custom buying strategy to help them understand current market conditions and how they fit into that market and what opportunities we can create to capitalize on. What does this mean for you as a Buyer? Power! We want to set you up so you can compete with the best qualified buyers to win the contract on your dream home!
This is an unbelievable opportunity to get a home THIS W
"Katie is AMAZING! Without question the best Realtor in the business. With her excellent relationship management skills, you will quickly feel safe and part of the family. I consider myself an easy person to sell to but I am extremely curious and had many, many questions about buying a home and felt like I was a major bother, however Katie’s ability to categorize and break down my concerns professionally and with “plain talk” made me feel that I was making the right choice in purchasing a home, and selecting her as my advocate. One attribute that I really appreciated was Katie’s ability to reel me in when I was feeling overwhelmed or wanting to jump into something that I needed to evaluate further. If you ask her for her opinion, which I highly suggest you do, she will tell you how it is. No sugar coating. I love that! Once we found the perfect home, Kate was quick to draft our offer and had the path to closing already in order, and was vital in our closing on time. We thank you Katie for everything and are so happy to know we have a long-lasting friend at Keller Williams!"