Buyers Are Searching For Your House

The most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forecasted to be on pace for 5.54 million in 2017, a 1.7% increase over 2016, which was the best year for sales in a decade.

The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed.

According to NAR’s Chief Economist, Lawrence Yun,

“Pending sales bounded last month as enough buyers fended off rising mortgage rates and alarmingly low inventory levels to sign a contract.”

So, what’s the problem?

Buyers are searching for existing homes, but supply is not keeping up with their demand!

Yun went on to explain,

“The main storyline in the early months of 2017 will be if supply can meaningfully increase to keep price growth at a moderate enough level for households to absorb higher borrowing cost. Sales will struggle to build on last year’s strong pace if inventory conditions don’t improve.” (emphasis added)

Bottom Line

Buyers are out in force right now! If you are considering selling your home this year, the early months of 2017 will be your best option. Let’s get together to discuss how you can capitalize on current market conditions.  J.P. Cook – 602-320-4253.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

4442 W Hannah Street San Tan Valley, AZ 85144

New

$459,990

4 Beds

3 Baths

2,342 SqFt

Status Active

MLS # 6692712

Property Type Single Family Residence

Price Type --

Brand new, energy-efficient home available NOW! A unique single-story home featuring a social living area. Umber cabinets with hardware, dusty white granite countertops, stone-look tile flooring and warm beige carpet in our Calm package. Enjoy secluded primary suites at San Tan Groves in San Tan Valley. San Tan Groves is conveniently located minutes from San Tan Mountain Regional Park, making morning hikes easy! This community boasts ample storage and a 5 bedroom layout. Enjoy dining and entertainment just a few miles away. We build each home with innovative, energy-efficient features that cut down on utility bills so you can afford to do more living.* Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health,

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2101 W Shelly Avenue Apache Junction, AZ 85120

$459,990

4 Beds

2.5 Baths

2,051 SqFt

Status Active

MLS # 6688460

Property Type Single Family Residence

Price Type --

Welcome to Radiance at Superstition Vistas, a brand new master planned community located on the border where Mesa meets Apache Junction. This is a rare opportunity for optimal living - to have the convenience of City living while enjoying the breathtaking Superstition mountains! Small town feel meets modern amenities at its best! The Hanna 2052 sq ft, 4 bed/2.5 bath adorable, energy efficient home in which you will find tile in all common areas, 9 foot ceilings and on trend extra bright white walls.. Located close to the 24, 60 & 202.

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16035 W El Cortez Place Surprise, AZ 85387

$459,990

4 Beds

2 Baths

2,139 SqFt

Status Active

MLS # 6557712

Property Type Single Family Residence

Price Type --

Brand new, energy-efficient home available NOW! This single-story features a split floorplan with the primary suite tucked away in the back of the home. White cabinets with ice quartz countertop and backsplash. Grey tile flooring in our Balanced package. Paloma Creek - Reserve Series is coming soon to Surprise. Strategically located near Loop 303, this family friendly community offers easy access to the amenities of metro Phoenix and includes an exclusive community center on your doorstep. Each energy-efficient home comes standard with features that allow your whole family to live better and breathe easier too.* Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

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22854 N 126th Lane Sun City West, AZ 85375

$459,990

4 Beds

2 Baths

1,832 SqFt

Status Active

MLS # 6671311

Property Type Single Family Residence

Price Type --

Brand new, energy-efficient home available by May 2024! The expansive great room of the Mason is perfect for watching the big game with friends. Espresso cabinets with white/grey granite countertops, wood-look tile flooring with multi-tone carpet in our Elemental package. Last chance to own at Camino Crossing in Sun City West. With convenient access to the Loop 303, this community provides easy access to schools, major employers, shopping, dining and entertainment. Your family will love spending time at the community park complete with a playground, corn hole and ramadas. We also build each home with innovative, energy-efficient features that cut down on utility bills so you can afford to do more living.*

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