Hows the Market? Here is your West Valley Market Report for July 2019. All I can say is WOW!! They heat didn’t scare away home buyers!! All but two West Valley cities had an increase in sales over July 2018. Incredible month for closed sales in Goodyear with a 29.7% increase over last year, followed by Litchfield Park at 21.7%, Peoria at 21.2%, Laveen at 13.8%, Surprise at 13.6%, Phoenix at 7.1%, Glendale at 6.3% and Avondale at 4.6%. Only two cities came up short, Buckeye -4.5% and El Mirage -9.7%.
These increases in closed sales are, in my opinion pretty incredible considering the lack of homes for sale. All West Valley cities including Maricopa County overall dropped in inventory levels compared to June. Low Supply, high demand is why prices continue to increase. Some cities have less than 2 months of inventory, Laveen is the lowest at only 1.12 months, El Mirage 1.17 months, Avondale at 1.21 months, Tolleson 1.58 months, Glendale 1.69 months, Surprise 1.8 months, Phoenix 2.14 months, Buckeye 2.2 months, Peoria 2.03 months, Goodyear 2.51 months, and Litchfield Park at 3.07 months. Maricopa County has only 2.51 months of inventory.
Market Insights: Interests are at all time low, making housing more affordable. We have lots of loan program options, even some allowing down payment assistance so you can get into a home with very little money out of pocket.
Market Disruption: I am so excited to share with you all how Keller Williams is bringing more value to our buyers and sellers and completely disrupting the industry. As the worlds largest real estate company we have now partnered with Keller Mortage to bring ZERO COST loans to our clients!! What does that mean? ZERO Origination fee (this is typically 1% of your loan) ZERO Underwriting Fee (typically $875) and ZERO Processing Fee (approx $625) AND we give you $1000 credit towards 3rd party cost, which can be used to pay for things like your appraisal!! These loans also have low interest rates, the have beat or were better than the other lenders. We have saved our clients $4000, $5500, $7500, $6500 and $3500 just this month!! Sellers, when you list with us, your potential buyers can take advantage of this program instead of asking you to contribute to their loan cost!! Call today for more details.
Looking to Buy, Sell, Invest? We would love to help you!!
Tags: Buyers, Market Condition, Market Reports, Sellers
