How’s the Market? Here is the August 2017 West Valley Market Report. Record heat didn’t scare the Buyers out of the Market. Glendale proving to be the hottest market reporting 413 closed sales versus 377 in 2016. Other cities with an increase in closed sales last month, Peoria, Surprise and Phoenix. All other West Valley were not to far off from their Aug 2016 transactions.
Inventory levels held steady, as we continue to List and Sell nearly the same amount of houses each month. Properties hitting the Market priced right, staged to sell are selling quickly, while we see others just sit on the Market. Once again confirming my opinion from last month that Buyers are not willing to “settle for something” or “over-bid values.” We continue to see steady increases in property values Median homes prices in Maricopa County are up 5.90 over last year.
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Tags: Buyers, Market Condition, Market Reports, Sellers
