Buying this Spring? Be Prepared for Bidding Wars

Buying this Spring? Be Prepared for Bidding Wars | Simplifying The Market

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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1817 E Hearn Road Phoenix, AZ 85022

$555,000
5 Beds
3 Baths
2,222 SqFt
Status Active
MLS # 6698367
Property Type Single Family Residence
Price Type --
MORE INTERIOR PHOTOS COMING SOON! Don't miss your chance at a large 5 bedroom / 3 bathroom home in a prime central Phoenix location with mountain views and nearby mountain preserves and NO HOA. Lookout Mountain for hiking and Lookout Mountain Park are right down the street. You are literally 15 - 20 minutes from major shopping venues like Desert Ridge and the Scottsdale Quarter, downtown Phoenix sports venues, Sky Harbor International Airport, etc. This family friendly neighborhood has something to offer everyone. A recent remodel includes interior and exterior paint, wood look plank style tile in the high traffic areas and new carpet everywhere else. A perfect family home in a prime central location. Don't miss this one.

4236 N 27th Street Phoenix, AZ 85016

$555,000 - 3Br/4Ba -  for Sale in Biltmore Living Townhomes Condominium Units 1-40, Phoenix
New
$555,000
3 Beds
3.5 Baths
1,575 SqFt
Status Active
MLS # 6706536
Property Type Townhouse
Price Type --
This immaculate townhome will not disappoint. As you walk through the home, the living space is light and bright, clean and has tasteful finishes throughout. This contemporary townhome feels like a model home, where the owners have meticulously maintained and cared for the home. This is a perfect place to have guests, as the first of three bedrooms is on the first floor, with plenty of privacy. On the second floor you will have the stunning kitchen with light finishes, granite countertops, high quality Frigidaire Professional appliances and a large pantry. There is a spacious dining area and family room, creating an open and inviting space for all your guests. The half bathroom is off the dining room. On the third floor, you will find the spacious primary bedroom with it's very own private balcony (one of four balconies), a gorgeous bathroom with double sinks and fine finishes, a large shower and an oversized walk-in closet. Very conveniently located, the laundry room is right next to the primary bedroom featuring high-quality Electrolux washer and dryer that will come with the home. Across the hallway is the third spacious bedroom with its very own private bathroom. This home is complete with a large 2-car garage and plenty of storage as well, which is very hard to find in this part of town. The community features a relaxing swimming pool, spa and BBQ area, the perfect place to enjoy the hot summers of Arizona. Safety is key in this friendly community of Biltmore Living, where the community is fully gated. One of the best parts about this home is that it has prime location to the Biltmore and all the best restaurants and shopping in the valley. Minutes from the 51, I-10, 202, Paradise Valley, and Scottsdale. Come see this stunning home today and make your dreams a reality of owning this home!

25361 N 75th Lane Peoria, AZ 85383

$554,990
3 Beds
2 Baths
1,567 SqFt
Status Active
MLS # 6680013
Property Type Single Family Residence
Price Type --
This is a to be built home that is ready for your personalization. This is a single story home that has 3 bedrooms, and 2 full baths with just the right amount of space. This home has great curb appeal and an open concept that is ideal for hosting and entertaining. The kitchen has an island with quartz counter tops, beautiful cabinets, and an undermount sink. This home features 9' ceilings offering an elegant touch. The dining area has an 8' tall sliding glass door that leads you to your outdoor patio that can provide an indoor/outdoor living space. The primary room has a spacious walk-in closet, double sinks, large walk-in shower, and an additional linen closet for extra storage and so much more.

3041 E Bellerive Drive Gilbert, AZ 85298

$554,990 - 3Br/2Ba -  for Sale in Cordillera Vista Estates, Gilbert
New
$554,990
3 Beds
2 Baths
1,643 SqFt
Status Active
MLS # 6706125
Property Type Single Family Residence
Price Type --
This beautiful home features an open concept floor plan with 9-ft. ceilings and a generous great room that offers access to a private covered back patio. The modern kitchen includes 42-in. upper cabinets, a large center island, Quartz countertops, and a stunning mosaic tile backsplash. You'll find gorgeous glazed ceramic tile flooring throughout the home, including in each bedroom. The primary suite features an oversized closet, and the primary bath boasts a walk-in shower, a dual sink vanity, and linen closet for added storage space. This home includes a tankless gas water heater, ceiling fans in each bedroom and energy efficient A/C unit with Wi-Fi-connected ecobee smart thermostat for added efficiency and convenience.

7767 W Mockingbird Way Florence, AZ 85132

$554,990 - 2Br/3Ba -  for Sale in Anthem At Merrill Ranch - Unit 30, Florence
New
$554,990
2 Beds
2.5 Baths
2,509 SqFt
Status Active
MLS # 6706507
Property Type Single Family Residence
Price Type --
Up to 3% of Base Price or total purchase price, whichever is less, is available through preferred lender.'' Lifestyle is around every corner of this community. Enjoy all the amenities that you have come to expect in 55+ living. This home is a must see with an estimated completion of late summer/fall.

22777 E Orion Way Queen Creek, AZ 85142

$554,990
3 Beds
2.5 Baths
2,243 SqFt
Status Active
MLS # 6399374
Property Type Single Family Residence
Price Type --
START PACKING! Crimson floor plan - 12x8 sliding glass door off the extended covered patio. Pavers at drive, walk and entry. Gas appliance package with a 30'' cooktop and canopy hood. Maple Slate cabinets with 42'' upper cabinets with pull out trash drawer with two bins. Enhanced kitchen island with Vahalla granite c-tops and matching backsplash. Upgrade flooring includes 18x18 Castillian Gray ceramic tile in all areas except bedrooms/closets. Dual sinks in bath #2 and so much more. Seller to write contract. Please verify all information with onsite agents.

1841 W Brookwood Court Phoenix, AZ 85045

$554,900
3 Beds
3 Baths
2,180 SqFt
Status Active
MLS # 6666806
Property Type Single Family Residence
Price Type --
Wonderful 3 bed (plus den) / 3 bath two-story home w/ mountain views in the sought-after Foothills Club West. Same owner for over 10 years. Great floor plan w/ plantation shutters throughout. Open living room/dining room greets you. Delightful kitchen w/ plenty of cabinet & counter space, pantry, window over sink & island perfect for prep/serving. Kitchen opens to window-lined family room w/ fireplace & mantel. Upstairs you will find the primary bedroom w/ vaulted ceiling & bathroom w/ dual sinks, garden tub w/ jets, shower & private toilet, as well as large walk-in closet. Backyard has large covered patio w/ misting system, sparkling heated pool (updated in 2020), built-in- BBQ & perfectly placed desert landscaping. New hot water heater w/ catch basin installed in May 2022. Located in the award winning Kyrene & Tempe Union school districts w/ easy access to the 101 & endless shopping, dining & entertainment options at your fingertips. Major plus for those who love the outdoors, you'll be walking distance to South Mountain Park/Preserve, Area 620, Bursera & Pyramid Trailheads at 15441 s 19th Ave.

7508 S 20th Street Phoenix, AZ 85042

$554,900
4 Beds
3 Baths
2,634 SqFt
Status Active
MLS # 6668528
Property Type Single Family Residence
Price Type --
Spectacularly remodeled 4 bdrm/3 bath home w/ additional large upstairs suite that has its own private entrance, fireplace, bathroom, & large closet - perfect for older children, guests, or possibly even as a rental. New patio doors open to a HUGE lot w/ multiple covered patios, a pergola, a BBQ, a storage shed, & even an outdoor sink. New kitchen w/ beautiful cabinets & quartz counters. Multiple rooms incl. the master bedroom have high vaulted ceilings. Large wood-burning fireplace in living room w/ stone from floor to ceiling. Brand new SS appliances convey to buyer. New, luxury vinyl floors throughout. All 3 showers are newly tiled. All new fixtures + ceiling fans! Fresh paint in/out. OWNER/AGENT.

29758 N 114th Drive Peoria, AZ 85383

$554,900
3 Beds
3 Baths
2,003 SqFt
Status Active
MLS # 6683370
Property Type Single Family Residence
Price Type --
Welcome to your dream home, where comfort, style, and functionality meet in perfect harmony. Enter this pristine 3 bedroom, 3 BATHROOM sanctuary through the GATED FRONT PORCH into the 2003 sf. SINGLE LEVEL Jasmine model with neutral tile flooring throughout, ensuring both elegance and easy maintenance. So many upgrades have been added to this beautiful home! Custom WOOD PLANTATION SHUTTERS adorn every window, offering both elegance and privacy, while a custom roll-up sliding glass door window cover adds a touch of sophistication. Upgraded chef's kitchen and staggered cabinets with a gas stove, QUARTZ countertops, oversized utility sink in laundry room, LED ceiling lights and CEILING FANS, upgbaseboards and door casings for a polished aesthetic. The whole house benefits from a Waterman WATER CONDITIONER ensuring pristine water quality throughout. Custom FRONT SECURITY SCREEN DOOR addS to the sense of security and style.The garage itself is a haven of organization and functionality, boasting LED lights, an EPOXY FLOORS and custom cabinets with a workbench for DIY enthusiasts. Side yard offers gated DOG RUN and storage shed with deadbolted sidegate. Enjoy al fresco living on the extended pavered patio, sheltered alumawood PERGOLA, a charming PUTTING GREEN perfect for leisurely afternoons or entertaining guests. There are NO 2 STORIES nearby, and no neighbors across the street, so your privacy is protected. Welcome to your sanctuary!

8202 E Mackenzie Drive Scottsdale, AZ 85251

$554,900
3 Beds
2 Baths
1,416 SqFt
Status Active
MLS # 6692006
Property Type Single Family Residence
Price Type --
WONDERFUL nearly original, well-cared-for red brick 3 bed/ 2 bath single-story charmer in Old Town Scottsdale ~ Enter the OPEN living room w/ NATURAL LIGHT & newer French Doors leading to covered patio ~ Living Room features CROWN MOLDING ~ Eat-in kitchen w/ BUILT-in bookshelves ~ NO popcorn ceilings! ~ FLOOR-TO-CEILING closet doors w/ step-in shower in master ~ ENCHANTING Hallcraft home ''The Briarcliff'' model ~ North-South exposure ~ CORNER LOT ~ covered DOUBLE carport leading to WORKSHOP ~ COVERED PATIO ~ LARGE storage/workshop w/ so much potential! ~ This property is a complete GEM ~ UNBEATABLE location near Old Town Scottsdale ~ Access to Scottsdale Greenbelt pathways, Indian School Park Fashion Square Mall, Spring Training facilities, & golf courses w/ easy 101 freeway access to all areas of the Valley ~ Close to Navajo Elementary, Pima Elementary, Mohave Middle School & Saguaro High School.

7260 E Night Watch Way Prescott Valley, AZ 86314

$554,900
3 Beds
3 Baths
2,257 SqFt
Status Active
MLS # 6694001
Property Type Single Family Residence
Price Type --
Motivated Seller! Immaculate Newly Completely Renovated 3 BDRM PLUS office/potential 4th BDRM Home! -New Interior Paint. -New High-end Whirlpool Appliances, including Refrigerator. - KitchenCabinets refinished, including new hardware and soft close hinges. - New Carpet, Tile Steam Sanitized and Grout Refreshed. - New Vanity Tops, Lighting, NewShower Heads & Trim. - New soft-close toilet seats/tank seals. - New all LED modern lighting throughout home.- ALEXA enabled Smart Ceiling Fans in Livingroom and Primary Bedroom. - Smart Wifi Front Door Deadbolt. - Smart Wifi MyQ Garage door opener. - Full OzoneSanitizing treatment throughout home. - Full Solar Power System with Backup Battery to Essential Home Services =100% electric up time! System feeds APS for Addl credi

3030 N 38th Street Phoenix, AZ 85018

$554,900 - 3Br/2Ba -  for Sale in 38 North Condominium, Phoenix
Open House
$554,900
3 Beds
2 Baths
1,534 SqFt
Status Active
MLS # 6704315
Property Type Townhouse
Price Type --
Modern & move-in ready! This gorgeous corner lot home is an entertainer's dream! Located in gated 38 North, in the coveted Arcadia Lite, just steps away from the best Phoenix has to offer. This 3 bed, 2.1 bath, 2 car garage home has loads of upgrades: a huge kitchen island , gas range, updated lighting fixtures, matching stainless steel appliances & plenty of cabinet space! High ceilings, open floor plan, upstairs laundry and lots of storage, are just some of the desirable features. This end unit has a huge patio & side yard complete with turf and pavers, firepit, a full size gate, charm & room to entertain outdoors. The primary suite has spacious walk-in closet, bathroom with dual vanities, separate Tub and Spa Shower. Built In Desk is Great For Home Office or Homework. A Must See!

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