Hows the Market? Well I certainly hope this finds you all healthy and happy and holding in there!! Please know that we have lots of resources for any of you that my have lost your job and struggling with mortgage payments, there are options. Also any of our past clients can take advantage of the Keller Mortage ZERO cost loan if you are considering taking advantage of these low interest rates! Just give me a call and I will give you the details. With that said, know that we are thinking and praying and sending good thoughts and love out to all of you. Praying that this is all over soon!!
So I am sure you are all wondering how the real estate market is holding up, so let’s get to your West Valley Market report for April 2020.
Good news! Over all Maricopa county sales were almost flat with last year -0.5%, thats actually incredible considering the amount of available homes for sale was down -33.33% and median homes prices increased 11.11% over April last year. Thats really great news for home owners as despite the slower sales, the low inventory is still moving the homes values in a positive direction.
Looking at the West Valley cities. Inventory levels are down significantly over April last year. Heres a breakdown by city: Avondale, inventory -39.63%, closed sales -10.3%, median home price up 17.66%. Buckeye, inventory -39.63%, closed sales +14.6%, median home price up +11.46%. El Mirage, inventory -33.59%, closed sales-14.0%, median home price up +6.37%. Glendale, inventory -45.74%, closed sales -9.5%, median home price up +12.35%. Goodyear, inventory -34.88%, closed sales +2.4%, median home price up +17.33%. Laveen, inventory -57.89%, closed sales for April -8.8%, median home price up +6.87%. Litchfield Park, inventory -27.76%, closed sales +6.5%, median home price up +9.96%. Peoria, inventory -39.66%, closed sales -0.4%, median home price up +14.53%. Phoenix, inventory -40.32%, closed sales -5.1%, median home price up +16.47%. Surprise, inventory -33.92%, closed sales