Phoenix Arizona Real Estate Market Update June 2017

Phoenix Arizona Real Estate Market Update – June 2017

Of course, the numbers will vary slightly for the East Valley cities of Chandler, Gilbert, Mesa, Queen Creek and the surrounding areas, but in general, home values are on the rise in the Phoenix area! Thanks to Beth Cox, Lead Market Analyst with United Brokers Group, I am able to share the following information with you:

“June 2017 market numbers are encouraging, yet again!  Closings last month kept right on pace with May, and June’s 9528 sold properties were 6.4% higher than June 2016 units.  Not surprisingly, we’ve seen another significant jump in the average sold price, to just under $305,000.  This marks a 1.4% jump from May’s average sold price, up nearly 8% from a year ago.  Homes that closed in June 2017 were only on the market an average of 48 days, another record low for recent years.  Buyers are decisive and motivated, and still feeling the squeeze of low supply and high demand.  Historically both new sellers and new buyers enter the market at a slower pace for the second half of the year while prices flatten out or even dip a little, but 2017 is on track to buck that trend.  Interest rates have receded again, hovering just above 4% for a 30 year fixed loan.  We have a healthy market and it’s a great time to buy or sell!  Check with your experienced agent for your local market stats if you’re thinking of making a move. ” [Data Source: ARMLS]

– Beth Cheney Cox, Lead Market Analyst for United Brokers Group

If you are looking to sell your home in the East Valley, then NOW is definitely the time to list. New inventory is down, which means this is a “seller’s market” and the perfect time to put your home on the market. If you are a home buyer in the East Valley, and you are apprehensive about entering the real estate market right now, please don’t hesitate! Interest rates are still at historic lows and it is still a great time to buy a home! I would be honored to serve you and help your offer be accepted above the rest!

Want to take a peek at homes for sale in Gilbert, Chandler, Mesa, Queen Creek and beyond? Look no further than the FREE home search tool on my website, it is easy to use, requires no registration (unless you want to save your search) and it is reliable and real-time as compared to many of the other home search websites out there like Zillow/Trulia which are consistently inaccurate.

SEARCH HOMES FOR SALE IN ARIZONA

Keely is an experienced, local Realtor serving the areas of Gilbert, Chandler, Mesa, Queen Creek and the surrounding communities in the East Valley. She would be honored to assist you on your real estate journey and help you to navigate the process of buying and selling AZ Real Estate. From start to finish, she will be there to support you, answer your questions and calm your nerves at times too!

Keely_Semon-2
Keely Semon
East Valley Arizona Realtor
United Brokers Group
480.220.1321

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