The Phoenix real estate market is flaming hot!
The housing market has exploded in Arizona, with Phoenix being the pinnacle. If you’ve been considering selling a home in the metro Phoenix area, there’s never been a better time. At Cash For Homes Arizona, we want to help sellers navigate the process with ease — read on for everything you need to know.
Phoenix Real Estate
Phoenix real estate is on the rise. Let’s dig into what’s contributing to the housing market boom…
Why Phoenix is one of the hottest markets in America
Great weather, great infrastructure, great culture, awesome sports teams … There’s a lot to love about our hot n’ sunny state. With more and more people able to work remotely these days, the demand for housing in Arizona has increased exponentially in the past year or so.
The housing market, like any other market, is governed by supply and demand. Quite simply, the increased demand is not currently being met with a larger supply. That reduces the pool of potential homes, making each of the ones that is available of higher value.
That means prices are going up…
Phoenix by the numbers
Recently, a Ktarnews.com article featuring real estate professionals revealed a stark look at the current housing inventory in Arizona and Phoenix.
Apparently, certain parts of Arizona are down to a mere eight-day supply. Contrast that to the typical six-month supply and you can see for yourself how hot the market has gotten…
As the article continues, housing market resource Zillow data shows that as of late April, the average home value in Phoenix was around $328,883. That’s over 20% higher than the average value a year ago.
According to 12News, this hot market is nowhere near a slowdown. Prices are anticipated to rise as 2021 continues and into 2022.
When’s the best time to sell in Phoenix?
Right now, home prices are going up in Arizona. As a seller, that means it’s one of the most advantageous times to sell.
Are you ready to take advantage of this hot market? Time to educate yourself on the art and science of selling a home in Arizona…
Ways to sell your house in Arizona
The idea of selling a house in Arizona might seem really overwhelming … The good news is it doesn’t have to be.
For some sellers, pursuing the traditional home-selling process still sounds appealing. But for others, the drawn-out process of hiring an agent, staging a home, dealing with costly repairs, and navigating showings and open houses seems exhausting.
Sound like you? A cash sale could be a viable solution. A cash sale isn’t contingent on mortgage financing, which means it’s often a faster and more streamlined process.
At Cash For Homes Arizona, we make offers on homes “as-is” — we don’t require repairs or staging.
Does this process sound intriguing to you? Be sure to read this post to learn more about the process.
Conclusion
The housing market is booming, and there’s no end in sight. Are you ready to take advantage of the rising demand for housing in Arizona by putting your house on the market?
At Cash For Homes Arizona, we’re committed to helping potential sellers take advantage of this hot market with fair prices and fast transactions. If that sounds like a good fit to you, we hope to hear from you soon!
Are you interested in putting a house on the Phoenix real estate market?