When you follow the national news, real estate is a consumer's market. Nonetheless in the Scottsdale/Phoenix city, during the last several months, new trends are coming out. Scottsdale-area real estate market is changing because of diminishing inventory. One can find less distressed sales, and those that are appealing are under contract in no time. Record sales were recorded in March and April (going over sales from the height of the industry in 2005 - 2006).
Although there are still distressed sales featuring, you'll must prepare yourself ahead of time so you fully grasp our local market because to make the most of a great deal you're going to have to advance the deal to beat out your rivals. When we look at the property data they show us that we have moved into a seller's market yet again, however, values are still desirable and interest rates are still the cheapest we have had in many years.
With our low interest rates today, increased demand for homes, and lower listing, I expect property price increases as early the fourth quarter 2011.
Are there great buys to be had nowadays? The short answer is yes, but when you wish to see foreclosures, short sales or distressed properties be prepared to be nimble and react rapidly or you'll miss the possibility. Whether you are looking to buy or even selling your property our team can help you make it happen. You'll be employing a team of individuals that have both formal schooling and the special industry instruction to give you REALTORS that work in the realm of excellence.
In the event that you're simply interested in keeping up to date on the local real estate market, our month to month newsletter has essential data you can use. You can go over our e-Newsletter for October 2011 and of course if you like what you see you may join our monthly newsletter so it arrives right to your computer or iPad through email. The market is changing so don't' miss out on the current events. Understand that real estate is local. The real estate market here in the Valley of the Sun is dramatically distinct than Michigan or the rest of the country.
If you wish to get in touch with us directly with any queries about real estate in a neighborhood you are interested in, please feel free to contact us at 480-595-6412.
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