Real estate across the valley is changing dramatically day by day. The last few years have been very volatile with housing prices hitting bottom in the summer of 2011 to the rapid increase of appreciation during 2012. As of today we are seeing more of a balanced market and even a buyer’s market in some communities. Sellers have been sitting in the driver’s seat for some time now and that is about to come to an end.
The following single family markets are now in neutral (balanced) territory, lying in the range of 90- 110, based on their Cromford Market Index™
- Gilbert (105.9)
- Surprise (102.6)
- Anthem (95.6)
- Laveen (106.1)
- Litchfield Park (104.0)
- Fountain Hills (108.2)
- Gold Canyon (90.4)
The following are now buyer’s markets with more supply than demand:
- Queen Creek including San Tan Valley (80.4)
- Tempe (86.4)
- Casa Grande (78.6)
- Maricopa (63.6)
- Buckeye (89.9)
- Tolleson (88.2)
Contact me at 480 888 6708 for more information, I work in Fountain Hills, Scottsdale and the surrounding areas and would be happy to share my knowledge of our local real estate market.
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