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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3216 W Hearn Road Phoenix, AZ 85053

$510,000
3 Beds
2 Baths
2,216 SqFt
Status Active
MLS # 6667101
Property Type Single Family Residence
Price Type --
Discover this extensively renovated home with a contemporary flair! The well-lit interior showcases neutral tones & wood-style flooring, creating an inviting atmosphere. The open floor plan is perfect for hosting gatherings, & the kitchen has undergone a stylish transformation with white cabinetry, granite counters, mosaic tile backsplash, & new stainless steel appliances, including a farmhouse sink & wall oven. The primary bedroom boasts a sophisticated en suite featuring dual sinks & a custom walk-in closet. Outside, the backyard offers a refreshing pool (refinished in 2019), a screened in patio for relaxation, & a workshop. The property is equipped with solar panels, providing both environmental consciousness & cost savings. Immerse yourself in refined living in this updated home!

31110 N 137th Avenue Peoria, AZ 85383

$510,000
3 Beds
2 Baths
1,851 SqFt
Status Active
MLS # 6664928
Property Type Single Family Residence
Price Type --
Welcome to your new home in the highly sought after Vistancia community in North Peoria! This 3 bed, 2 bath, ranch style home is nestled within a beautiful desert landscape and surrounded by mountain views. The home features an updated kitchen, custom formal dining area(could be used as an office or den), and primary bath. Additionally, the AC unit is only 3 years old (replaced in 2021), the home has new insulation, luxury sunscreens, and BRAND new water softener (2024). The 2-car garage is wired for electric vehicle charging station AND overhead storage will convey in sale! Despite the serene location of this home it is only 15-20 min. from TONS of recreation + amenities (shopping, movies, Lake Pleasant and more), and only a 20 min. drive the new TSMC factory Thx to its proximity to 303!

4525 N 66th Street Scottsdale, AZ 85251

$510,000
3 Beds
2 Baths
2,109 SqFt
Status Active
MLS # 6666635
Property Type Townhouse
Price Type --
Looking for a great vacation home or opportunity to own a great vacation rental home, look no further this beauty is ready. All furniture & household items are included with the sale. Come check out this nicely appointed 3 bed/2 bath townhome on a premium, corner lot close to Fashion Square in Old Town Scottsdale & minutes away from Camelback Mountain. This is one of the largest models in Casa Del Monte & features a split floorplan, large covered patio, 2 new Crane A/C units installed in Feb 2023 as well as new LG washer & dryer, wifi thermostats & ring camera, all upstairs & kitchen windows replaced in Feb 2024. This truly lock & leave home in Casa Del Monte boasts a 24/7 guard gate, 3 pools, basketball, tennis/pickleball courts, clubhouse & gym.

42414 N 46th Lane Anthem, AZ 85086

$510,000
4 Beds
2 Baths
1,757 SqFt
Status Active
MLS # 6670652
Property Type Single Family Residence
Price Type --
Exceptionally maintained 4-bed, 2-bath Anthem home with a superb layout, real wood floors, 9 ft ceilings, coated garage floors, and manicured landscaping near the TSMC plant. Save thousands on appliances as the washer/dryer and refrigerator all convey! Community pool, parks and recreational center all close by. Lower water bills with water sourced from City of Phoenix. This house is clean, has neutral colors throughout and is move in ready!

18606 N 21st Street Phoenix, AZ 85024

$510,000
3 Beds
2 Baths
1,614 SqFt
Status Active
MLS # 6692393
Property Type Single Family Residence
Price Type --
5.65 assumable loan. No short term restrictions. This exquisite 3-bedroom, 2-bathroom residence with pool is perfectly positioned in the sought-after 85024 zip code just minutes from the 101 freeway, just a stone's throw from Buffalo Ridge Park & North Canyon High School. Recently, the home has received extensive updates that enhance both its functionality and visual appeal. Key improvements include the installation of new granite countertops & a security screen door, which elevate the home's elegance and security. The property has also been fitted with six brand-new windows, pre-wiring for an ADT security system, providing ample natural light and added security. Furthermore, all 3 bedrooms have updated with brand-new luxury vinyl flooring, offering a contemporary and resilient finis filter piping and sand, along with a brand-new creepy crawler vacuum complete with a new hose, making the pool area a highlight for relaxation and entertainment. The kitchen has been modernized with a new dishwasher and an electric range oven stovetop, ideal for culinary activities and social gatherings. The master bathroom has undergone a stylish renovation that contributes to the home's luxurious ambiance. The residence now also boasts 13 inches of newly blown insulation, significantly enhancing energy efficiency and comfort.Other noteworthy enhancements include a new HVAC system, smoke detectors, and a modern timer for the drip system. A newly installed pocket door in the pantry adds a touch of sophistication. The well-maintained backyard, featuring a renovated patio and invigorating pool, provides a peaceful retreat. This home is a compelling blend of comfort, convenience, and modern upgrades, making it a must-see property. No short term rental restrictions according to the HOA!

42805 N Hudson Trail Anthem, AZ 85086

$510,000
4 Beds
2 Baths
1,827 SqFt
Status Active
MLS # 6676018
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Anthem! This 4-bed, 2-bath residence features new flooring through out, new baseboards, and new appliances that create a modern and inviting space. The kitchen is a chef's delight, while the master suite offers a private and comfy oasis. Enjoy the grassy and secluded outdoor space with the convenience of Anthem's amenities. Don't miss the chance to make this house your home - come check out the beauty of living in Anthem!

34457 N Legend Trail Parkway Scottsdale, AZ 85262

$510,000
2 Beds
2 Baths
1,253 SqFt
Status Active
MLS # 6679036
Property Type Townhouse
Price Type --
2 bedroom, 2 bath upper-level condo with private views high above the golf course. Includes TWO PRIMARY SUITES, a great room, and a private garage. It's an end unit right next to the community center and all amenities. FEATURES TWO PATIOS, ONE WITH GOLF COURSE VIEWS AND THE OTHER WITH SUNSET AND MOUNTAIN VIEWS, ensuring privacy and no ground-level animal issues. Inside, you'll find a large living space, a kitchen with granite countertops, new stainless steel appliances, maple wood cabinets, and a breakfast bar. The condo has new carpet and paint. The main bedroom has an en-suite bathroom with a walk-in shower, double sinks, and a walk-in closet. Second bedroom has a bath and fantastic mountain views for your guests. Enjoy access to two community pools, golf, pickleball and tennis courts, and a fitness center with classes. Located near Cave Creek's and Carefree's dining and downtown areas. And a short drive to all Scottsdale North has to offer. More features include: New carpet new paint new fridge, dishwasher, ss appliances (All new within a few years) granite counters Pantry Kitchen Sink Window with mountain and golf views Extended balcony patio with golf and mountain views front patio with sunset and mountain views mountain views from every window great room with gas fireplace Second Bedroom with nook for dresser/wardrobe Large second bathroom Walk in closet in master Master bath dual sinks, large shower Maple cabinets throughout canned lighting Washer Dryer included Storage above washer Separate single car garage Walk to clubhouse and all amenities! On 17th far from errant shots

4647 N 9th Street Phoenix, AZ 85014

$510,000
4 Beds
3 Baths
1,600 SqFt
Status Active
MLS # 6681941
Property Type Single Family Residence
Price Type --
MULTIGENERATIONAL LIVING! Growing families! Home was updated in 2021. Main home has 3 bed 2 bath plus office. Private guest house attached to the home has 1 bedroom, 1 full bathroom, kitchen area with potential to add an oven, along with separate private entrance. Located in the heart of Phoenix, in the Uptown area, minutes away from the city's downtown area. Features carport parking, SS appliances, & covered back patio. This home is also ideal for the investor that cater to traveling nurses. Minutes away from Phoenix Children's Hospital. SELLER IS SELLING HOME AS-IS.

906 W Straford Avenue Gilbert, AZ 85233

$510,000
3 Beds
2 Baths
1,702 SqFt
Status Active
MLS # 6683730
Property Type Single Family Residence
Price Type --
Discover urban convenience and suburban comfort in this 3BD, 2BA home in Gilbert. Situated just a stroll away from downtown via the Powerline Trail, this property offers the perfect blend of accessibility and tranquility. The well-appointed kitchen boasts stainless steel appliances, and an inviting breakfast bar, perfect for morning coffee or casual meals. Retreat to the serene master suite featuring an en suite bath and generous closet space. Two additional bedrooms provide versatility for guests, a home office, or hobbies. Step outside to a private backyard oasis, ideal for entertaining or simply unwinding. With nearby amenities, parks, and top-rated schools, this home epitomizes Gilbert living.

12017 W Avenida Del Rey -- Peoria, AZ 85383

$510,000
3 Beds
2.5 Baths
2,423 SqFt
Status Active
MLS # 6685800
Property Type Single Family Residence
Price Type --
BEAUTIFUL CORNER LOT HOME SHOWS PRIDE OF OWNERSHIP. Located in a highly sought after Peoria subdivision close to Lake Pleasant, Great Schools, Shopping Centers, and Entertainment district. This home offers a bright and open floor plan, with a flex/office space, spacious kitchen with SS appliances, walk-in pantry, ample storage and counter space, large eat-in kitchen area that is open to the Great Room. Entertain in the backyard under the extended patio w/shaded pergola and party lights, nice size artificial grass area, and covered patio.Upstairs you will find a nice sized loft, an spaciouse owners suite perfect for relaxing and features His and Her walk-in closets, double vanity, garden tub and private shower. 2 additional bedrooms, bathroom and large laundry room..... This well thought out floor plan has room for everyone. And the community offers the following amenities: frisbee golf, basketball court, baseball field, and volleyball court.

26842 N 66th Lane Phoenix, AZ 85083

$510,000
3 Beds
2 Baths
1,845 SqFt
Status Active
MLS # 6689581
Property Type Single Family Residence
Price Type --
Gorgeous split floorplan home in beautifully maintained gated community of Eagle Highlands. Nearby Peoria Regional Preserve & Paloma Community Park offer endless recreational opportunities! Home is on spacious lot w/ a peaceful, private backyard. Ten ft ceilings & lots of natural light give home an open, spacious feel. Large, comfortable living room w beautiful built in entertainment center leads directly to back patio. Bright & spacious eat-in kitchen, rich granite counters, gleaming SS appliances. Large, luxurious primary bedroom w/ spacious adjacent sitting area or office space. Elegant primary bathroom, dual sinks, separate tub & shower, huge walk in closet w/ custom storage. Secondary bedrooms both very spacious. Beautifully landscaped backyard w covered patio & great mountain views! Home has rich, beautiful wood floors throughout most of home, and plush carpet in the two secondary bedrooms. Large laundry room with built in shelving, and spacious two car garage. Primary bedroom is currently configured as a home office, with the adjacent sitting room serving as a bedroom! The sitting room could be a quiet reading room, exercise space, or incredible home office. The possibilities are endless. Don't miss the opportunity to see this beautiful home today!

3761 E Thornton Avenue Gilbert, AZ 85297

$510,000
4 Beds
2 Baths
1,647 SqFt
Status Active
MLS # 6688799
Property Type Single Family Residence
Price Type --
owner/agent **Solar loan can be paid off at close with seller equity, call/text listing agent for more info** Rare opportunity to own in Coronado Ranch. Located in 85297 near Gilbert Regional Park, this 4 bed 2 bath 1647 sqft home has vaulted ceiling and spacious back yard, great for gardening and entertaining. Neighborhood is family friendly, has two parks, and a splash pad. Built in 2001 this home has only had 2 owners. Grocery, gas, pharmacy, and other shopping all within 1-2 miles. In 2023 Higley Unified School District rated ''A'' by AZ Dept of Education. Owner/agent listing Home is being sold AS-IS.

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