Real Estate in Arizona : Why Summer 2021 is Scorching Hot for New Sales
What’s hotter than Arizona in the summertime? The summer 2021 Arizona real estate market, of course!
The real estate market has never been hotter in Arizona — and there are no signs of a slowdown in the coming months.
At Cash For Homes Arizona, we’re committed to helping potential sellers make the most educated decisions about putting their home on the market. If you’ve been considering putting your home up for sale, here are some important things to know…
Summer 2021 Arizona Real Estate Update
The real estate market is sizzling in Arizona this summer … But why? It all boils down to supply and demand.
Quite simply, there’s a lot of demand — and relatively little supply.
According to a real estate consultant featured in a Ktarnews.com article, parts of Arizona are down to an eight-day supply of housing. To put that in perspective, the norm is a six-month supply. Inventory is at record lows.
You may be curious … How’s it affecting house prices?
Summer Real Estate in Arizona
To put it simply, the lack of inventory has made real estate in Arizona hotter than ever. It’s driving up the competition — and prices.
As the Ktarnews.com article continues, according to Zillow, as of late April, the typical home value in Phoenix was around $328,883 — more than 20% over the rate quoted a year ago.
So what’s causing the big boom that’s reducing supply and driving up demand?
Why Real Estate in Arizona is still booming
There’s a lot to love about living in Arizona.
The weather’s great. The surroundings are beautiful. The culture, universities, and cost of living are all great, too.
Additionally, more and more people have the freedom to work remotely these days. That means the freedom to work from anywhere in the world (or at least nation) they like. Why not choose Arizona?
The demand is unlikely to wane any time soon. That means if you’ve been considering selling your home, there’s never been a better time…
How to sell a home in Arizona
Ready to get selling? Not so fast. You’ve got a few decisions to make first.
For one, you’ve got to decide how you’d like to sell your house.
For some sellers, the traditional home-selling process is most alluring. However, keep in mind that the process can be arduous. It will involve consulting with (and paying a commission to) a seller’s agent, staging your home, contending with repairs and inspections, and haggling about price with potential buyers.
For other sellers, that sounds like a big headache — or, they might not have the time and money to deal with the entire process of repairs, staging, and more.
For such buyers, a cash sale could be the right fit. A cash sale tends to be a lot faster and more seamless than the traditional home-selling process. It can also reduce the amount of work and cash you need to put up before putting your home on the market, since cash buyers are often willing to buy homes “as-is.”
Finally, cash sales don’t depend on mortgage financing. That means you get your money faster!
There’s never been a better time to sell a home in Arizona. Demand is high, and supply is low — that means houses are fetching better prices than ever before.
If you’re interested in selling your home but don’t want to deal with the traditional home-selling process, Cash For Homes Arizona could be the perfect fit.
Are you interested in taking advantage of the hot summer real estate in Arizona?