Well, it is warming up in AZ and I am not just speaking on the temperature. The housing market is starting to get hot as well. Over the last couple of weeks I have personally been a part of some offers going in and not getting accepted.
One home was listed at 129k and we were out there on the 4th day it was active. There was an agent writing an offer on the counter when we walked into the home, passed 2 agents on our way out....immediately wrote the offer for 145k and we were the 13th offer in.....4 days. We were one of 5 offers they were looking at and we did not get our offer accepted.
Another was on the market for 2 days and they already had 4 offers in.
Another was listed for 7 days and had 8 offers in. Another property we wrote over list price and did not get it.
There are several more instances similar to these but that is good enough for the last few weeks worth of work.
I am starting to think we are seeing some of the blind offers on the hot properties. It get's a little frustrating being a part of this but I am very grateful to have as many buyers as I have. I could be sitting here wondering what I will do next.
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There are many professional athletes who live here part time or have second homes in the Peoria, AZ area. Peoria is a great city conveniently located near freeways, schools, restaurants and just about any physical or relaxing activity you can think of. Some of the best places to dine are in the Peoria along with some desireable neighborhoods and schools.
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I knew it was just a matter of time before we would see positive data and although it is not huge news, existing home sales are up, according to the NAR. This in conjunction with low interest rates and a surge of home buyers....I think we better start preparing for a slamming summer. I myself am getting really busy with buyers and look forward to adding additional buyers to my client base.
Are you other local AZ agents seeing the buyers surface and getting ready to buy? Are they informing you, WHY, they are deciding to buy now? Is it the tax credit, low rates or lower home prices....or all of the above.
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Glendale Arizona Realtor serving all of Glendale, Peoria, Surprise, Litchfield Park, Phoenix and more. Arrowhead area specialist.
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