Phoenix Real Estate Market On The Rise!
The market here in Phoenix is going Up, Up, Up! According to The Wilcox Report the home prices in Greater Phoenix have steadily gone up since just after August 2011 (see page 18). If you are wanting to live in Phoenix or you currently live in Phoenix and are wanting to make a move I encourage you to consider doing it now. Is the market projected to slow down anytime soon? Not from what the experts are speculating. Are the banks holding a large shadow inventory that they will dump into the Phoenix market? No, according to current market research.
Here are some reasons why you should consider making your move now and why the Greater Phoenix Market is so strong:
- There is a very limited amount of homes that are currently Active on the market for sale and a large number of active buyers currently in the market ready to purchase a home. The Wilcox Report (see page 20).
- Low inventory of homes and high inventory of buyers= Increasing prices.
- Interest rates are near all time lows. What is going to eventually happen to these low interest rates? Yes, they will go up!
- The new home build market is also strong, "On December 14, 2012 at the seminar New Home Market held at the Arizona School of Real Estate & Business there was a consensus from a panel of five: four homebuilders and a leading land broker that new home prices in Greater Phoenix will go up in 2013 because of buyer demand, lack of supply and rising construction costs". -Fletcher Wilcox.
Fletcher Wilcox is an expert in the Arizona real estate market trends. You can read his full report HERE.
In this strong market you need an aggressive Realtor.
I would treasure earning your business.
Your personal real estate needs are my top priority.
I'm just a call away or email. -Tomi