One indicator to look at when evaluating the real estate market is-days of inventory.* Below looks at active inventory of all property types as of August 21, 2017. Cities around the valley are ranked by current days of inventory, where the lower the number the better the market is for sellers. In parentheses is the long term average for comparison: Youngtown 27.4 (41.6) Sun City West 28.8 (94.3) Sun City 30.3 (88.2) Tolleson 32.2 (54.3) El Mirage 33.2 (38.2)parentheses Sun
Some Highlights: 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top rooms to stage to attract more buyers are the living room, master bedroom, kitchen, and dining room. The Raegen Johnson Group provides FREE Staging and Editing Services for our clients...which can equate to more money in their pocket at closing.
There is much more change over the past month than than usual. It is change in both directions as the Southeast Valley and Northeast Valley get stronger while the Central Valley, West Valley and Pinal County get weaker. Among the West Valley cities, Avondale has slipped the most, falling from an almost unassailable first place to 4th in just 3 weeks. Glendale too is becoming more favorable for buyers while Buckeye continues to move towards a balanced market. Mesa and Chandler
Each month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques performed. We also give a forecast for how pricing will move over the next 30 days. For the monthly period ending August 15, we are currently recording a sales $/SF of $149.14 averaged for all areas and types across the ARMLS database. This is down 1.0% from the $150.60 we now measure for July 15. Our forecast range midpoint was $149
Your home might be beautiful. Maybe it is immaculate, stylishly appointed to suit your tastes or highly upgraded with the finest materials and features. Perhaps it is all of these things. But, unless you are one in a thousand, it is not “staged.” Staging a home for sale is not a new concept, but it is a practice that has gained steam with our more challenging market. I see many home sellers confuse staging with decorating and consequently resisting the process and the recomme