I'm
breaking from tradition here.
I can't for the life of me find a graphic for this title. If ever I do,
I'll
post one... if not- this may be a text only post- defying my personal
blogger
goal- to marry each topic with symbolic imagery.
Now-
to the point, the market has two bottoms. One is quantity
of sales; the other is pricing.
According
to some of the latest
research, the Phoenix metro area's bottom has been achieved in one
regard. Sales have increased.
All
this can be found in the
East Valley Tribunes article of June 18, titled “Valley Housing Market
Sales
Sees Slight Sales Boost.” The same article quotes the market
researcher, RL
Brown who says “we’ll look back on (2008)
as the bottom of the marketplace.”
Does
this mean we’ve reached the bottom?
Perhaps.
Now
let me clarify.
The
Phoenix metro area may have reached the bottom with regard to quantity
of sales.
Home sales in the locations
that have traditionally been in demand are rising. Homes are selling
more
briskly than at any other time in the past year.
Now
let’s talk about the other
bottom- let’s talk about price. While
sales have increased it has literally come at
a price. Median home prices have come down from
last year. In other
words- homes are on sale and it has brought out the buyers. People are
finding
bargains.
Now…
where does the real estate agent enter the
picture? An agent is like that
friend who knows
where to find anything without paying retail. Agents tend to
know where the
values are. A good agent will know which neighborhoods appear to be
undervalued
in comparison to the market… which locations are ready to “pop”.
I’m
that kind of agent.
If
you’re ready to buy- let’s
get out there. If you’re on the fence- let’s have a talk. I’m not a
salesman- I’m
in customer service. I know that my happiest customers are those who
“beat the
market” have purchased a home that fits their needs, that was priced
right and in
a great neighborhood.
Let
me help you.
The bargains are out there- let’s go see them.
Chuck
Willman-
Arizona Real Estate Expert
480.292.0600
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Accredited Buyer's agent & Listings Pro. Specialties: investors, first time buyers & international clients in the Phoenix Metro area including: Gilbert, Mesa, Scottsdale, Tempe, Chandler, Queen Creek.
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Great news and keep the message our in front of all buyers and under educated agents.. the next step is to see the end of discounted pricing.
Chuck- We just had this conversation with a seller who called us, the prices are going up, the homes are selling faster! Yes, dear seller, the homes are selling faster but only those homes that are priced low enough to catch the buyers attention!
good post..sales are picking up here in Las Vegas. the bank repos are selling quickly and usually with multiple offers...Now is a fantastic time to buy here-lots of great deals!!!
Eric- The discounting is over in some areas. I'm seeing full price offers again in two sections of town.
Katerina- It is that in-between phase isn't it? This is the beginning phase of the stage I prefer... quite a bit to buy and sellers with more realistic expectations.
Michael- That's good to hear... we're seeing the same thing... the bank repos are receiving multiple offers. It's a great time to do the math... many buyers are seeing that new construction is an outstanding deal right now.
That is good news. Sales are picking up for me, as well. I'm glad others are experiencing this, too.
Hi Chuck,
If I had more time, I'd find you a graphic. Like maybe a baby's bottom! Ok, I'm a little punchy tonight..sorry about that.
Debi-It's good to hear the news from around the nation... all to often the mainstream media picks up on these items later than average. I like how our local media is reporting.
Cynthia- I had that very idea. Then I thought against it. Then for it. Then... Ok... this one goes texty.
Hey Chuck... You have the best graphics, I'll be checking back to see if you find one.
Debbie- I don't know that I'll post a graphic- still drawing a blank.