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

22870 W Sunset Lane Congress, AZ 85332

$550,000

3 Beds

2 Baths

1,933 SqFt

Status Active

MLS # 6694628

Property Type Single Family Residence

Price Type --

Don't let the lot size fool you! This easy to manage horse property is strategically set up to accommodate horses, LQs and RVs. Step into the warmth of this enchanting home where every room whispers tales of tradition and heritage. The home is the perfect size for a full time retreat or a winter get away. With wooden beams and handcrafted accents, this home is unlike any other. Enjoy picture perfect sunsets as you unwind in the front courtyard. Out front is a red barn with water and electric offering endless possibilities for horse enthusiasts or those seeking additional storage. The property does have income potential and is turn key. It is fully fenced with an electric gate and all pens have automatic waterers. A portion of the turnouts can be removed and enlarged into a riding arena or loping pen. There is also an unfinished bunkhouse with water, power and laundry hookups. Make it into your art studio, workout room, workshop or additional guest area. This home is one in a million! Call today and get your piece of the Team Roping Capital.

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7220 W Corrine Drive Peoria, AZ 85381

$550,000

5 Beds

3 Baths

3,388 SqFt

Status Active

MLS # 6697083

Property Type Single Family Residence

Price Type --

Spacious 5 Bedroom Home with Finished Basement. There is a Master Bedroom Upstairs and Downstairs. The Kitchen has Lots of Cabinets + Island and a Dining Area. Hugh Finished Basement with 2 Bedrooms, 1 Bath + Laundry Room with Cabinets and a Fireplace and Wet Bar Area. 1 New A/C Unit and 1 realtively new A/C unit, new interior painting. Home is move in ready.

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1647 S 173rd Drive Goodyear, AZ 85338

$550,000

4 Beds

3 Baths

2,982 SqFt

Status Active

MLS # 6703873

Property Type Single Family Residence

Price Type --

You will Love this Spacious and Well Maintained Home in Cottonflower, Next to a Great Park. The Fabulous Kitchen opens to a large Great Room with space to chill out or Entertain to your heart's content. Bedroom and Full Bath on the main floor are perfect for Multigenerational Living. It boasts a Huge Loft for a Playroom or Home Theater, Generous Primary Bedroom with space for a Sitting Area, Large Walk in Closet, Full Bath and Shower and Separate Commode. 3 Car Garage, Low maintenance landscaping, Solar, Great Neighborhood and Easy Access to Freeways make this a special find. Welcome Home!

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15250 S 24th Street Phoenix, AZ 85048

$550,000

4 Beds

2 Baths

1,817 SqFt

Status Active

MLS # 6697841

Property Type Single Family Residence

Price Type --

Serene Ahwatukee Foothills views combined with Mt. Park Ranch amenities equals a little taste of Awesome! This Continental Home offers 4BDR, 2BTH's,2CG+RVgate, & OWNED Solar, 9 person spa (functions; needs new top-conveys as-is) HVAC replaced in 2014. ADA accessible features available. Mature shade trees, large covered patio, & low maintenance landscape! Kids play structure in BY conveys at no additional cost.

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11257 S Oakwood Drive Goodyear, AZ 85338

$550,000

4 Beds

2 Baths

2,068 SqFt

Status Active

MLS # 6698607

Property Type Single Family Residence

Price Type --

This upgraded designer home is located in the sought after Estrella Ranch Community. It features a fabulous gourmet kitchen with crown molding trimmed 42'' cabinets, a center island, a roomy breakfast bar, and lots of cabinets. The kitchen also has a stone backsplash and undermount lighting. Natural stone flooring flows from the foyer, through the kitchen, breakfast nook, great room, hall, 2nd bathroom, and laundry room. The great room has crown moldings, oversized baseboards, and custom paint and wallpaper with chair rail moldings. The oversized backyard was updated in 2024 with artificial turf, desert landscaping, and a two hole putting green. The backyard also boasts a large swimming pool and oversized patio with outdoor kitchen. This Estrella Ranch home is within a short distance of one of Estrella's two lakes. There are walking paths along each lake along with numerous bike trails. It is also within a short distance of the Estrella Golf Club and a short ride to amenities and the two club houses.

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7638 W Andrea Drive Peoria, AZ 85383

$550,000

4 Beds

2 Baths

2,055 SqFt

Status Active

MLS # 6701565

Property Type Single Family Residence

Price Type --

Let's talk about location. Perfectly situated in north Peoria in the quiet gated community of Enclave at Rock Springs. The community features three parks, walking and hiking trails and sits at the base of the Peoria Regional Preserve. Minutes from shopping, gyms, restaurants and entertainment venues. Well maintained by the original owner. Popular open floor plan with plenty of storage. Beautiful and private yard perfect for relaxing or entertaining.

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1368 S Minneola Lane Gilbert, AZ 85296

$550,000

4 Beds

2.5 Baths

1,703 SqFt

Status Active

MLS # 6699445

Property Type Single Family Residence

Price Type --

Tastefully Updated cottage home nestled in Agritopia/Gilbert a charming community where residents enjoy a unique blend of urban amenities&rural charm,centered around an organic farm a& surrounded by tree-lined streets w/ strong sense of connection among neighbors. Corner-no neighbors on 1 side. You will love the new floors, updated kitchen cabinets, new Quartz countertop & fresh paint inside and out! Newer appliances and hot water heater. The large 4th bedroom an be a Loft/media room, or used as a 4th bedroom, as it has a door. Large Master bedroom. Lots to do with your Heated Community Pool, Tennis and Basketball courts, Rec Room/Workout room, Walking and Biking paths. Walk to Shops and Dining, LA Fitness and Orange Theory. Close to 202 freeway entrance, minutes from the San Tan Mall The landscaping is included in the HOA.

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13605 W Crocus Drive Surprise, AZ 85379

$550,000

5 Beds

3.5 Baths

3,540 SqFt

Status Active

MLS # 6700130

Property Type Single Family Residence

Price Type --

We are offering 2% to help paydown your interest rate or help with your closing costs. This lovely 5-bedroom, 3.5-bath residence boasts a spacious 4-car garage and a meticulously maintained yard. Discover a living room with soaring ceilings, clerestory windows for natural light, a soothing palette, and plush carpeting in all the right places. The great room includes a warm fireplace for intimate evenings and sliding doors leading to the backyard. Host memorable dinners in the formal dining room. The delightful kitchen comes with a quaint breakfast nook, granite counters, recessed lighting, abundant white cabinetry with crown molding, a convenient butler's pantry, built-in appliances, a center island, and a two-tier peninsula with a breakfast bar. You'll also find a large loft The sizeable main suite offers an ensuite with dual vanities and a walk-in closet. Outside, the expansive backyard features a covered patio for al fresco dining, a fire pit, and ample space ready for you to create your personal oasis. This gem will sell fast!

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5736 E Lawndale Street Mesa, AZ 85215

$550,000

3 Beds

2 Baths

1,833 SqFt

Status Active

MLS # 6699624

Property Type Single Family Residence

Price Type --

REMODELED BEAUTY in Apache Wells! Step in & see the graceful archways, vaulted ceilings & WOODPLANK TILE floors, you'll know you're home! The open concept great room seamlessly flows into the kitchen with SS appliances, GRANITE COUNTERTS, TILE BACKSPLASH, UNDER COUNTER LIGHTING & breakfast bar, the perfect enteraining space. Enjoy dinner in the formal dining room or on the TRAVERTINE TILE PATIO with it's extended PERGULA in the private, low maintence backyard. Owners suite is a private sanctuary featuring patio access, TILE SHOWER, GARDEN TUB, dual sinks, walk-in closet with BUILT IN SHELVES. Split floorplan gives privacy to your guests. Enjoy the benefits of a new whole house WATER CONDITIOINING SYSTEM, easy to clean STONE COAT GARAGE FLOORS, with RV 240 electrical outlet... .....energy efficient LED lighting & built in garage cabinets. And there are new blinds, toilets, locks and even a new dishwasher. You will see pride of ownerhip in every room - TOUR TODAY!

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7644 W Tonto Drive Glendale, AZ 85308

New

$550,000

4 Beds

2.5 Baths

1,980 SqFt

Status Active

MLS # 6699779

Property Type Single Family Residence

Price Type --

Beautiful 2 Story Home on the Private Arrowhead Golf Course. Views Forever. 4 Bedroom 2.5 Bath with a Diving Pool. Imported Brazilian Rosewood Flooring Upstairs - Oak and Ceramic Tile Downstairs - Marble Flooring in 2 Bathrooms. Separate Living, Dining and Family Rooms. Gorgeous Brick Fireplace in Family Room. Lovely Landscaping with Auto Drip System. Vaulted Ceiling in the Living Room. Super Convenient to Schools, Endless Shopping, Great Restaurants and Hospital.

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33471 N Bowles Drive San Tan Valley, AZ 85144

$550,000

5 Beds

3.5 Baths

2,656 SqFt

Status Active

MLS # 6699509

Property Type Single Family Residence

Price Type --

Welcome to luxurious living in this stunning five-bedroom, 3.5-bathroom home nestled on a corner lot. This exquisite residence boasts a master suite upstairs, adorned with elegant pendant lighting above the end table area, complementing the serene ambiance. Enjoy the convenience of his and hers closets, offering ample storage space. Downstairs, discover an inviting en suite bedroom, providing privacy and comfort for guests or family members. The dining area and kitchen are adorned with gorgeous lighting fixtures, accentuating the open floor plan. The gourmet kitchen features highly upgraded granite countertops, showcasing beautiful movement throughout the custom slab, while the expansive island serves as a focal point for both meal preparation and casual dining. $10K Landscape Incentive!! Step outside to the vast backyard, perfect for entertaining or enjoying peaceful moments in the open air. With its thoughtful design, and luxurious amenities such as fully staffed community center, community pool, community gym, and banquet areas this home is a families dream come true. This home offers the epitome of refined living for discerning buyers. Oh, and did we mention the view?

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5846 E Jasmine Street Mesa, AZ 85205

New

$550,000

3 Beds

2 Baths

1,749 SqFt

Status Active

MLS # 6706742

Property Type Single Family Residence

Price Type --

***ALTA MESA BEAUTY...FULLY UPDATED...SINGLE STORY...3 BED/2 BATH...WITH POOL!!***This GORGEOUS, MOVE-IN READY home. in the HIGHLY SOUGHT-AFTER Alta Mesa Communty in NE MESA features an OPEN FLOOR PLAN, LOADED w/ UPDATES including GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES, NEWER AC (2022),TILE FLOORS & more! Step outside to enjoy the HUGE, RESORT-STYLE BACK YARD w/ EXTENDED COVERED PATIO & FINISHED LANDSCAPING...INCLUDING CITRUS TREES...ideal for entertaining & family gatherings alike. Pride of ownership really shows as this home has been meticulously cared for. Finishing touches include a spacious 3-car garage w/ BUILT-IN CABINETRY. Conveniently located near SCHOOLS, COMMUNITY PARKS, SHOPPING, EASY FREEWAY ACCESS, RESTAURANTS & MORE!! HURRY, THIS ONE WON'T LAST LONG!!!

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