WHEN IS A GOOD TIME TO SELL?

A question we are commonly asked, ”When is a good time to sell our home here in the valley?” In other parts of the country it is typically spring and summer. With the budding of trees and the buzzing of bees, the market begins to bloom…. especially for families who wish to get settled in their new home before school starts in the fall. In the valley it is a bit different…. January: With the holidays done and snowbirds returning to the valley for winter, the market starts to pick up, particularly in areas that attract retirees like Fountain Hills, Sun City and 55 plus communities. February, March and April: With multiple big events around the valley, retirees and visitors begin circling in

MLS Sales Out Perform Non-MLS Sales in Frenzy Market...Supply Under $200K Down 36% Over Last Year

For Buyers: Greater Phoenix ended the 1st Quarter 13% lower in supply, which was not helped by a 2% decline in new listings entering the market. All price ranges are below last year’s level of supply with the exception of the $1M+ market, which is up 1.5%. On the opposite end of the spectrum, supply under $200K is down 36% from last year and all prices in between are down 10%. Buyer competition is typically at it’s strongest at this time of year and is expected to begin tapering off seasonally in May or June. For Sellers: Despite the highly competitive, fast appreciating environment in the $100K-$200K market, more sellers decided not to list their home on the MLS and many chose to sell to

Market Summary for the Beginning of April

Starting with the basic ARMLS numbers for April 1, 2018 and comparing them with April 1, 2017 for all areas & types: Active Listings (excluding UCB): 16,972 versus 19,810 last year - down 14.3% - and up 0.3% from 16,924 last month Active Listings (including UCB): 21,800 versus 24,794 last year - down 12.0% - but up 1.7% compared with 21,474 last month Pending Listings: 7,128 versus 7,572 last year - down 5.9% - and down 0.4% from 7,158 last month Under Contract Listings (including Pending, CCBS & UCB): 11,985 versus 12,556 last year - down 4.5% - but up 2.4% from 11,708 last month Monthly Sales: 9,566 versus 9,354 last year - up 2.3% - and up 35.3% from 7,071 last month Monthly Average Sales

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TO CONTACT OUR TEAM PLEASE CALL OR EMAIL US:

CRESTMARK REALTY GROUP

RAEGEN JOHNSON

Realtor

C:  602.330.5362

O:  602.362.5484

E: Raegen@RaegenJohnsonGroup.com

SARAH HERR

Realtor

C: 602.499.3175

O: 602.362.5484

E:Sarah@RaegenJohnsonGroup.com

JULI FEINBERG

Broker

O: 480-342-8889

E: Julif@jclam.com

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