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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3464 N Boulder Court Buckeye, AZ 85396

$550,000
4 Beds
3 Baths
2,590 SqFt
Status Active
MLS # 6701759
Property Type Townhouse
Price Type --
One of the best golf course lots in all of Verrado. This golf villa is located in the gated Vallarta neighborhood overlooking the 4th green of the Founders Course. This coveted neighborhood features a private pool, spa and bbq area. Beautifully manicured landscaping and walking paths within just blocks from Verrado's Main Street shopping, dining, golf course and amenities. A unique opportunity with 4 bedrooms and 3 full baths, granite countertops, stainless steel appliances, fireplace and balcony with stunning golf and mountain views. Whether you're searching for a vacation home to enjoy the beautiful Arizona weather or downsizing, this villa is ideal for buyers seeking to relax, enjoy life and soak in all the beauty Verrado has to offer. Start living the Verrado lifestyle today.

8428 E Keats Avenue Mesa, AZ 85209

$550,000
3 Beds
2.5 Baths
2,313 SqFt
Status Active
MLS # 6704425
Property Type Single Family Residence
Price Type --
DONT MISS THIS ONE! Hard to find house with 2 living areas and a pool!! This great home has the primary bedroom downstairs with a spacious kitchen and dining area off the living room, There is a large pantry and laundry room. Upstairs you will find a large loft and 2 bedrooms as well as a kitchenette and a 2nd laundry room! The layout is perfect for mother in law or caregiver living area, or having 2 families! Best feature is the large private pool in the back yard! There is also a community pool and playground! This community is gated and close to shopping and 2 freeways for easy access to any part of the valley.

3228 E Wildwood Drive Phoenix, AZ 85048

$550,000
3 Beds
2 Baths
1,575 SqFt
Status Active
MLS # 6702671
Property Type Single Family Residence
Price Type --
Welcome to your dream home nestled in the Awatukee foothills! This 3-bed, 2-bath haven redefines modern living with luxurious features. The kitchen boasts sleek quartz countertops, Designer refinished cabinets and island with breakfast bar and new Stainless appliances. Entertain effortlessly in the spacious living area, accentuated by a captivating feature wall sure to impress. Unwind in the serene primary bedroom with an ensuite bathroom featuring dual vanity and soaking tub. Two additional bedrooms offer comfort and tranquility. With contemporary design and upscale amenities, this home is your slice of paradise ready for you to move in!

2 E Muriel Drive Phoenix, AZ 85022

$550,000
4 Beds
2 Baths
2,414 SqFt
Status Active
MLS # 6618222
Property Type Single Family Residence
Price Type --
Charming 4-Bedroom Brick Home with a Dream Backyard in Phoenix!** Welcome to this spacious and inviting 4-bedroom, 2-bathroom home located at 2 E Muriel Dr, Phoenix, AZ 85022. This beautiful brick property boasts over 2400 square feet of living space, perfect for a growing family or those who love to entertain. Step inside and discover a bright and open floor plan, ideal for modern living. A large living area with plenty of space for relaxing and gathering with loved ones. A well-equipped updated kitchen with ample counter space and cabinetry. Four bedrooms, offering privacy and comfort for everyone. Two bathrooms, providing convenience for residents and guests But the true star of the show is the backyard! This fully fenced outdoor space is perfect for creating your own desert oasis and entertaining friends and family. Take a dip in the sparkling pool, complete with a thrilling water slide for added fun. Afterward, fire up the outdoor grill and enjoy a delicious BBQ on the patio or deck. The exterior of the home is equally impressive, with a charming brick facade that adds to the property's curb appeal. The front yard features low-cost desert landscaping, saving you money on water bills and upkeep, while still offering a beautiful and low-maintenance aesthetic. Location, Location, Location! This fantastic home is minutes away from everything you need for an enjoyable Arizona lifestyle. Desert Ridge: Immerse yourself in the excitement of Desert Ridge, offering world-class shopping, dining, and entertainment options. Pointe Golf Club: Hone your golfing skills or enjoy scenic views at the nearby Pointe Golf Club. Schools and Colleges: The property is conveniently located near excellent schools and colleges, ensuring a quality education for all ages. Employment Hub: Enjoy the convenience of being close to employment opportunities at Fortune 500 companies. Scenic Beauty: Take in the breathtaking beauty of the surrounding desert landscape. Easy Access: This property boasts easy access to major freeways, including I-17, AZ Route 101, and AZ Route 51, allowing for effortless commutes throughout the Phoenix area. Don't miss your chance to own this move-in-ready gem! This property is priced to sell at $550,000, making it an incredible value.

10018 Chestnut Road Flagstaff, AZ 86004

$550,000
3 Beds
2 Baths
1,324 SqFt
Status Active
MLS # 6703682
Property Type Single Family Residence
Price Type --
Nestled in the heart of Cosnino Equestrian Estates, this charming property offers captivating mountain views and horse arena privileges. Conveniently located with easy access from town yet providing a tranquil rural ambiance. Experience the milder winter climate enhanced by the cozy Vermont Castings cast iron wood stove in the living room ensuring comfort during colder seasons. A well-appointed kitchen features new appliances, soft-close cabinets, granite tile counters, and a heated floor. This meticulously maintained acreage is fully fenced situated on a peaceful cul-de-sac. The low-maintenance vinyl fence encloses the expansive covered back patio, ideal for hosting gatherings. Noteworthy enhancements include newly installed water heater (2024) and furnace (2021). Recent upgrades encompass a newer septic tank (2020) and comprehensive PEX plumbing replacement (2008), ensuring peace of mind and reliability for years to come.

7601 E Indian Bend Road Scottsdale, AZ 85250

$550,000
1 Bed
1 Bath
1,093 SqFt
Status Active
MLS # 6704347
Property Type Apartment
Price Type --
Luxury top-floor condo located within the coveted gated community of Corriente. Within the 192-unit community, only 16 top-floor Topacio models exist. This meticulously maintained 1Bed/1Bath-unit boasts modern fit and finishes throughout. The open kitchen features stainless steel appliances, gas oven/stove cooktop, quartz countertops, bar seating & ample cabinetry. The living room features a built-in floating wine rack, tiled stone mantle, gas fireplace, and crown molding throughout. The north-west facing covered balcony comes with interior community views. The large primary bedroom accommodates a king size bed and additional bedroom furniture. The primary suite includes dual floating vanities, a free-standing bathtub, walk-in shower, toilet room, and walk-in closet.

3430 N Citrus Cove Mesa, AZ 85213

$550,000
3 Beds
2 Baths
1,695 SqFt
Status Active
MLS # 6705241
Property Type Single Family Residence
Price Type --
Discover your dream home in Mesa, Arizona! This charming 3-bed, 2-bath residence with a den offers a perfect blend of comfort and versatility. Enjoy open-concept living flooded with natural light, a modern kitchen, and a serene master suite with an ensuite bath. Outside, the spacious backyard invites outdoor relaxation and entertaining. Conveniently located near amenities and top-rated schools, this home is move-in ready!

1541 W Glenn Drive Phoenix, AZ 85021

$550,000 - 2Br/2Ba -  for Sale in Glenn West, Phoenix
New
$550,000
2 Beds
2 Baths
1,557 SqFt
Status Active
MLS # 6706835
Property Type Single Family Residence
Price Type --
Seller invested over $100,000 in this attractive 2023 remodel, making it a turnkey home. The kitchen boasts new granite counters and stainless-steel appliances, with a convenient laundry space now inside the home, relocated from the garage. Enjoy elegant porcelain tile flooring throughout the home. Each of the two bedrooms features its own ensuite bathroom and custom walk-in closet. The home is adorned with window shutters on all windows for added privacy and style. A spacious eat-in area provides versatility, perfect for an office or playroom, and is enhanced by a large skylight and ample room for additional cabinets. The front courtyard, paved and perfect for gatherings of any size, adds to the charm. The front courtyard, paved and perfect for gatherings of any size, adds to the charm. The backyard offers lush grass, a covered patio, a private side yard with pavers, and plenty of seclusion plus added parking area. Conveniently located with easy access to all areas of town, this home is a must-see!

4037 E Melinda Lane Phoenix, AZ 85050

$550,000 - 3Br/3Ba -  for Sale in Fiesta At Desert Ridge Replat, Phoenix
New
$550,000
3 Beds
2.5 Baths
1,449 SqFt
Status Active
MLS # 6706744
Property Type Single Family Residence
Price Type --
Welcome to your new home in the desirable Fiesta at Desert Ridge Community! Discover a charming interior featuring an inviting living room, vaulted ceilings, a cool palette, tile flooring, and recessed lighting illuminating every corner. The well-sized family room is excellent for intimate gatherings! Gourmet kitchen is outfitted with stainless steel appliances, granite counters, a subway tile backsplash, ample white cabinetry with crown molding, a walk-in pantry, and a prep island with a breakfast bar. Continue upstairs to find a main retreat showcasing plush carpeting and a private bathroom for added comfort. The perfectly sized backyard is ideal for fun BBQs and relaxation! And, the home has Solar panels that are paid off. Stay cool in the summer months w/out high utility bills!

1716 Alpine Meadows Lane Prescott, AZ 86303

$550,000
2 Beds
2.5 Baths
1,648 SqFt
Status Active
MLS # 6705460
Property Type Townhouse
Price Type --
Fully Furnished! Come see this charming and tastefully appointed townhome in the golf course community of Alpine Meadows! From the cozy kitchen fireplace and the elegantly updated kitchen to the open floorplan, you will love this home. Enjoy the comfortable screened in porch that opens into the living/dining room +1/2 bath. Perfect for entertaining! There is ample storage under the stairs and especially the 2.5 car deep garage! Upstairs is a loft with office area, the master bedroom with walk in closet, soaking tub & updated shower. The guest room has a full guest bath and is spacious enough to fit a king bed. Alpine meadows is nestled in the middle of the Capital Canyon golf course, offering lots of beautiful spaces to walk and enjoy the scenery. New roof in 2023!

4413 W Box Canyon Drive Eloy, AZ 85131

$550,000
2 Beds
2 Baths
1,705 SqFt
Status Active
MLS # 6700890
Property Type Single Family Residence
Price Type --
Partially FURNISHED & STUNNING! This 2 bedroom + DEN, 2 bath home is on highly desired VIEW lot. Garage is 30 ft. deep. The backyard will wow you w/GORGEOUS water feature, firepit, pergola, landscaping lights, Travertine patio, artificial grass & large potted Palm trees. You will love this home from the gated paver courtyard to the amazing backyard & everything in-between! Kitchen has Quartz counters, 2-tone Cabinets w/knobs, roll-out shelves, tile backsplash, SS appliances, Gas range, convection oven, pendant & under cabinet lights. So many upgrades from the wood look tile flooring, Plantation shutters, tiled showers, comfort height toilets, Valet area w/upper & lower cabinets. HUGE Garage has 8ft. door, Storage Space/exercise area, Cabinets, Shelving & Epoxy Floors.

1507 E Palmcroft Drive Tempe, AZ 85282

$550,000
4 Beds
2 Baths
1,669 SqFt
Status Active
MLS # 6699213
Property Type Single Family Residence
Price Type --
Picture perfect property looking for its new owner! Welcome to 1507 East Palmcroft Drive, located in the heart of Tempe. This home has been impeccably updated with luxury vinyl flooring and new paint throughout. When you step inside, you'll be greeted with the bright living room with plantation shutters. In the kitchen, you'll find an open-concept layout with stainless steel appliances and granite countertops. Both bathrooms have been updated with new vanities, tile, and shower/tub surrounds. The grassy backyard is perfect for entertaining and has two mature fruit trees and brand new gates. Conveniently located near the best that Tempe has to offer - just a stone's throw to the charming Meyer Park, ride the free Orbit bus from stops throughout the neighborhood, minutes from fabulous culinary options, and easy access to ASU, the 101/60/143 freeways, Light Rail, and Sky Harbor. Entire sewer line has been replaced! Embrace the epitome of Arizona living with this beautiful ranch home and its prime location.

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