Buying this Spring? Be Prepared for Bidding Wars

Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year will be no different!

Buyers have already been out in force looking for their dream homes and more are on their way, but the challenge is that the inventory of homes for sale has not kept up with demand, which has lead to A LOT of competition for the homes that are available.

A recent Bloomberg article touched on the current market conditions:

“It’s the 2017 U.S. spring home-selling season, and listings are scarcer than they’ve ever been. Bidding wars common in perennially hot markets like the San Francisco Bay area, Denver and Boston are now also prevalent in the once slow-and-steady heartland, sending prices higher and sparking desperation among buyers across the country.”

Sam Khater, Deputy Chief Economist at CoreLogic went on to explain why buyers are flocking to the market in big numbers:

“In today’s market, many buyers think the trough in [interest] rates is over. If you don’t get in now, it’s just going to be worse later. Rates will be higher, prices will be higher, and maybe inventory selection will be lower.”

In some markets, “thirty-five percent of properties are selling within the first week or two of hitting the market.” Homes are selling at a rapid clip in places like:

• Denver, CO
• Seattle, WA
• Oakland, CA
• Grand Rapids, MI
• Boise, ID
• Madison, WI
• Omaha, NE

Bottom Line

Let’s get together to discuss your exact market conditions and help you create a strategy to secure your new home in this competitive atmosphere!  Give me a call today!  J.P. Cook – 602-320-4253.

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701 S Reynolds Lane Show Low, AZ 85901

$462,500

3 Beds

2 Baths

1,534 SqFt

Status Active

MLS # 6638533

Property Type Single Family Residence

Price Type --

Adorable home and amazing location! Gorgeous vaulted ceilings, 3bed/2bath split floor plan, large open kitchen and living space. Get cozy during the winters next to the beautiful stone gas fireplace, enjoy the springtime and summers on one of the large front or back decks and oversized fully fenced backyard! Spacious master bedroom includes large walk-in closet, double vanity, and jetted tub. This home is located in town nearby the hospital, grocery stores, and shopping all while being surrounded by tall pines and views throughout the neighborhood. Show Low Bluff Trail/Show Low Creek is only two minutes away, and you can even hear when the Elk are bugling! Whether you are searching for your primary home, or vacation home this is a MUST SEE! *Mounted coat rack, and TV Mount do not convey

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16420 N Thompson Peak Parkway Scottsdale, AZ 85260

$462,500

2 Beds

2 Baths

1,338 SqFt

Status Active

MLS # 6673472

Property Type Apartment

Price Type --

Unique end unit with Camelback & City lights views! Split floor plan, windows across the back to capture light and those McDowell mountain views. 2 bedrooms, 2 baths - split floor plan. 1 car garage. Gated neighborhood. New flooring throughout (2022), new granite kitchen & bathroom countertops, frameless shower door in primary bathroom. All new appliances (2017). Kitchen breakfast bar updated and lowered! Great room floor plan with fireplace w/ accent wall to the ceiling and plenty of room for your sectional and dining room table. High ceilings. Perfect for a full-time resident or someone looking for a lock and leave property. 1 car garage, no other parking for an owners second car in the development (only guest parking). Only mins to Westworld entertainment/events, fine dining, golf, hiking trails, and much more. Award-winning McDowell Mountain Ranch has a large range of luxury amenities within the community and nearby including two recently renovated community parks, community center featuring pickleball, heated pool and spa, splash pad, basketball court, large grass area, and tennis courts. McDowell Sonoran Preserve and trail system, McDowell Mountain Golf Club, City of Scottsdale Aquatic.

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17713 W Granite View Drive Goodyear, AZ 85338

$462,500

3 Beds

2 Baths

1,907 SqFt

Status Active

MLS # 6689381

Property Type Single Family Residence

Price Type --

You've just found the perfect home! This beautiful cul-de-sac abode features 3 beds, 2 baths & DEN (Den can easily converted to a 4th bdrm), &.. a 2-car garage! Well-maintained interior showcases an open floor plan graced with abundant natural light, wood-like tile flooring, and neutral paint throughout. Stainless steel appliances, a walk-in pantry, granite counters, recessed & pendant lighting, ample white cabinets with crown molding, subway tile backsplash, and a practical island with a breakfast bar complete this spotless kitchen. Serene primary bedroom includes plush carpet, an ensuite with dual sinks, and a walk-in closet. PLUS! You'll have a dedicated den/office. With its covered patio and pavers, the backyard is perfect for unwinding or stargazing! This rare find won't disappoint. Newer Super cute & clean home that is absolute turn key!! Compare VS new construction and SAVE$$$$ big time! Low maintenance landscaping - lock and leave easy living. The Pride of Homeownership shows in this one..! Surrounded by majestic mountains and wide-open desert vistas, life in Estrella is a masterpiece of harmonious balance dynamic-yet serene offering young couples, families and retirees a resort-inspired lifestyle with state-of-the-art amenities.

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6521 S 43rd Drive Laveen, AZ 85339

Open House

$462,500

3 Beds

3 Baths

2,169 SqFt

Status Active

MLS # 6676880

Property Type Single Family Residence

Price Type --

Sharp FORMER MODEL 3BR/3BA plus den shows beautifully. Lots of upgrades including spacious island kitchen overlooking family room, complete with upgraded cherry cabinets, granite, and stainless steel appliances. Upstairs features Primary bedroom, guest room with en-suite bath, and open den/loft area with built-in cabinets/desk. One full bedroom/bath downstairs as well. Upgraded plank-style wood flooring, custom window coverings, upgraded bay windows in dining & kitchen complete the interior of this wonderful home. Double French doors lead to spacious backyard complete with covered patio, gazebo and mature landscaping. All of this, and cllose to Cesar Chavez park, schools, shopping and restaurants. This home shows very well and will NOT disappoint! Welcome home!

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