Home Sales Spiked in March…and Sold Fast

An abnormally warm winter, strong consumer confidence and robust underlying demand ended up being the perfect formula to push existing-home sales in March to their highest pace in over 10 years.

More notably, despite the fact that supply is extremely tight and buying a home has gotten more expensive, home sales are up convincingly from a year ago nationally and in all four major regions.

In addition to the 4.4 percent leap in sales last month, equally impressive was the fact that homes typically sold 11 days faster than in February and 13 days quicker than a year ago. There’s no question that buyers are struggling to find an affordable home to buy, and when they do, they have to act very fast just to have a chance.

To reiterate what NAR Chief Economist Lawrence Yun said during this morning’s press conference: “sales will go as far as inventory does.”

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10246 E Prairie Hawk Lane San Tan Valley, AZ 85143

$450,000 - 3Br/2Ba -  for Sale in S8 T3s R9e, San Tan Valley
New
$450,000
3 Beds
2 Baths
1,344 SqFt
Status Active
MLS # 6682979
Property Type Manufactured Home
Price Type --
Experience the ultimate in rural living with this charming 3-bedroom, 2-bathroom manufactured home nestled on a sprawling 1.25 acres of land, free from the constraints of HOA regulations. This property offers the perfect blend of tranquility and convenience, with a shared well providing ample water access and electricity readily available. As the surrounding area undergoes rapid development and growth, this property stands as an excellent investment opportunity, offering the chance to capitalize on the burgeoning market while enjoying the peacefulness of rural life. With a reasonable price tag and endless potential, this home represents not just a place to live, but a smart investment in your future. Don't miss out on the chance to make this idyllic rural retreat your own!

18024 N Somerset Drive Surprise, AZ 85374

$450,000
2 Beds
2 Baths
1,834 SqFt
Status Active
MLS # 6676600
Property Type Single Family Residence
Price Type --
Paid for solar means electricity bills under $40 a month! Exquisite 2-bedroom, Plus Den, 2-bathroom gem. Palo Verde Model. Step into a world of harmonious living with its seamless open layout that effortlessly connects the kitchen and great room, ideal for both dining and entertaining. Indulge in chef's kitchen with granite counters and stainless steel appliances, perfect for culinary adventures. Plus, enjoy the added benefits of an extended garage for your golf cart & tons of garage storage. Step outside for the tranquility of mature citrus trees, providing an outdoor oasis. Split bedroom floor plan. With paid-for solar, annual electricity bill of just $237, a recently redone roof, and new AC system still under warranty for peace of mind!

778 E Rojo Way Gilbert, AZ 85297

$450,000
3 Beds
2.5 Baths
1,422 SqFt
Status Active
MLS # 6676968
Property Type Townhouse
Price Type --
Welcome to this charming property with a natural color palette that creates a warm and inviting atmosphere throughout. The kitchen boasts a center island, a nice backsplash, and plenty of storage space for all your cooking needs. The master bedroom features a walk-in closet for added convenience. Additional rooms offer flexible living space to suit your lifestyle. The primary bathroom includes double sinks and good under sink storage for optimal organization. Don't miss out on this opportunity to make this house your home!

2852 W Mclellan Boulevard Phoenix, AZ 85017

$450,000
3 Beds
2 Baths
1,345 SqFt
Status Active
MLS # 6680671
Property Type Single Family Residence
Price Type --
A minimalist dream! This home emanates with so much urban grace, luxury and style! From the moment you step into hm from lg outer courtyard entrance, you will be captivated by every detail owner has painstakingly taken. New EVERYTHING! You will love the crisp, soothing color palette from ceramic tile planks, two-tone paint, new upgraded mod lighting, ceiling fans & contrasting black hardware t/out entire home. Entertaining is an absolute delight in this huge great room w/gorgeous kitchen boasting all new white cabinets, w/pull out drawers, w/in pantry w/frosted door, & upgraded SS appliances! And it just gets better... french doors lead you into this true sanctuary that is the primary bedroom w/yes! a huge soaking free standing tub! Entire bath renovation included re-plumbing to accommodate new tub and new modern dual sinks. Don't miss the luxury lighting (even in water closet!) & exhaust fan w/bluetooth and uber cool color night lights. Walk in shower was also gutted for new shower faucet and valve system, new tile and niche. Secondary bedrooms are large and have upgrades and features of their own. And yet, there's still more... wander into your own backyard wonderland! Extended covered patio is the entire width of the home with ceiling fans and lighting. North facing backyard provides cool shade for hot summer nights so you can enjoy this extended living space all year round! Magnificent ebb and flow throughout every square foot of this property! Owner spared no expense to bring this home to an unparalleled level of luxury. Located in a private enclave that is centrally located near freeways and GCU, this home would be perfect for a short term rental, traveling nurses... the possibilities are endless. Check the stats, home sales in this community are rare (last sale was March 2022). Owners love it and stay! You'll be hard pressed to find something this fab near uptown at this price! Don't let this gem pass you by!

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