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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26034 S Glenburn Drive Sun Lakes, AZ 85248

New

$500,000

2 Beds

2 Baths

1,922 SqFt

Status Active

MLS # 6703236

Property Type Single Family Residence

Price Type --

The community of Sun Lakes offers heated pools and spas, a clubhouse, and is known for its active adult lifestyle with various clubs and recreational activities available. The lot of this home is quite large, encompassing 0.27 acres, which positions it on an oversized and corner cul-de-sac lot. Plenty of room for a garden amongst other hobbies you may have. The home includes amenities such as two bedrooms, two bathrooms and an office area.The home has recent updates that include a skylight, HVAC, two screened in patios, hot water heater, solar panels and new windows and doors. Call for the full list and come see it today!!!

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8426 N 49th Avenue Glendale, AZ 85302

New

$500,000

4 Beds

3 Baths

2,503 SqFt

Status Active

MLS # 6704014

Property Type Single Family Residence

Price Type --

This exquisite home presents a spacious design encompassing 4 bedrooms and 3 bathrooms, which includes a practical mother-in-law suite boasting separate entrances for enhanced seclusion,and the mother-in-law suite boasts a full kitchen for added functionality. The split floor plan ensures a cozy living setup, accentuated by a generously proportioned master bedroom. Step into outdoor bliss with a sizable backyard featuring a rejuvenating POOL, RV gate with drain hookup, and a 220 outlet for added convenience. Equipped with two 5-year-old AC units servicing both the main residence and the mother-in-law suite, this home offers optimal climate control. Nestled in a charming cul-de-sac, it's conveniently located to schools. Won't last long!!!

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3519 W Emig Road Phoenix, AZ 85053

$500,000

3 Beds

2 Baths

2,094 SqFt

Status Active

MLS # 6689113

Property Type Single Family Residence

Price Type --

Welcome to your dream home! Step into this beautifully maintained single-level gem. Boasting 3 bedrooms and 2 baths, this home is a true haven for comfortable living. Trust us, photos simply don't capture its full charm - you have to see it in person! Park with ease in the two-car garage, complete with extra storage space and a workshop area. Plus, the RV gate leads to additional covered parking in the backyard - perfect for all your vehicles and toys. This is why solar is worth it**Electric bill ranges from $17-$135.** Inside, you'll find wood and tile flooring throughout, creating a warm and inviting atmosphere. The kitchen is a chef's delight with granite countertops, stainless steel appliances, and ample cabinet space. Need extra room for work or play? We've got you covered with the added and open Arizona room, ideal for a family room or office space. But the real showstopper? The backyard oasis awaits! Relax under the covered extended patio. A separate workshop provides plenty of space for your hobbies, while the putting area is a golfer's dream. Fire up the built-in grill and sink for effortless outdoor entertaining, and admire the lush garden area and synthetic grass - ensuring both beauty and low maintenance. Don't let this opportunity slip away

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4353 E Birchwood Circle Mesa, AZ 85206

$500,000

3 Beds

2 Baths

1,582 SqFt

Status Active

MLS # 6700171

Property Type Single Family Residence

Price Type --

This beautiful family home is eligible for a FREE $7500 property specific Grant & will appeal to the pickiest buyers! Clean & move in ready w/ updates in all the right places. New roof w/ warranty, New hot water heater, New stainless fridge & dishwasher, VIP AC service agreement paid up front, granite counters & a Newer Heated pool for year round back yard fun! Enjoy the private yard with no homes behind, the safe cul-de-sac lot, RV gate with spacious side yard for toys and the low HOA fees. Smart home technology includes keyless entry and easy touch smart panel to control the pool equipment from your phone. The owners unexpected move is the buyers gain! Light, bright, spacious & ready for it's new owner. Come see it & find out more about the free Grant money the home qualifies for.

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2815 W Carson Road Phoenix, AZ 85041

$500,000

4 Beds

3 Baths

2,375 SqFt

Status Active

MLS # 6623759

Property Type Single Family Residence

Price Type --

This beautiful home for sale is sure to please with its natural color palette and flexible living space. The kitchen is the heart of the home with its center island and plenty of storage. The master bedroom has a walk in closet and the primary bathroom features double sinks and good under sink storage. Enjoy the outdoors with a fenced-in backyard and a covered sitting area. This home is perfect for those who want to enjoy the outdoors while having the comfort of a home. With its natural color palette, flexible living space and outdoor oasis, this home is sure to please.

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1250 N Abbey Lane Chandler, AZ 85226

$500,000

3 Beds

2.5 Baths

2,150 SqFt

Status Active

MLS # 6636880

Property Type Townhouse

Price Type --

Absolutely gorgeous home located in a gated community. Great location near IKEA and the I10 freeway. Enjoy all the amenities of the community, which include a gym, pool, dog park and more! Lots of shopping nearby, you wont want to miss this one!

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11937 W Nadine Way Peoria, AZ 85383

$500,000

4 Beds

2.5 Baths

2,204 SqFt

Status Active

MLS # 6639099

Property Type Single Family Residence

Price Type --

This is a well maintained home with updates in all the right places. Enjoy the wonderful living spaces & beautiful surroundings. 4 bedrooms with 2.5 bathrooms. Freshly painted exterior, interior, cabinets. Fresh carpet in bedrooms, & an upgraded primary bathroom. Spacious corner lot, with a cul- de-sac at the end of the street. Bay window in primary bedroom & the dining room. Slide out kitchen shelfs. The exterior has a paver patio, gas stub at patio, sunscreens & gutters too! Be sure to check out all the amenities that Vistancia has to offer. From Pickleball & tennis to a community waterpark there's something for everyone! Minutes away from the grocery store & all of the new development coming nearby! Ask us how to buy down your rate or cover closing costs! Vistancia amenities include: 8,000-square-foot indoor basketball gymnasium featuring pickleball courts and an adjoining entertainment lounge and game room Three swimming pools, a resort-style pool with waterslides, and a heated lap pool Outdoor event lawn for small-concert venues, community events, outdoor exercise classes, and lawn games Four lighted tennis courts Multipurpose space for meetings, gatherings, and events Movement studio with Fitness On Demand classes Teen game room Card and Craft room Catering kitchen

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503 N 32nd Place Phoenix, AZ 85008

$500,000

3 Beds

2 Baths

1,392 SqFt

Status Active

MLS # 6643550

Property Type Single Family Residence

Price Type --

Newly remodeled home, fully furnished on HUGE LOT zoned R5 Multi-family. Fantastic development opportunity, GREAT Value Add Opportunity and EXTRA Land to build additional units. Minutes to downtown.. minutes to sky harbor airport. Recent improvements include newer flooring, paint, window and door package, vanity, tiled bath surrounds, plumbing and light fixtures, A/C unit, water heater, New brick fencing etc. Attached 288sf guest quarters with it's own separate entrance. Don't miss this Great Investment Opportunity...

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3444 E Lance Lane Phoenix, AZ 85018

$500,000

3 Beds

3 Baths

1,651 SqFt

Status Active

MLS # 6666041

Property Type Townhouse

Price Type --

Qualifies for LOW INTEREST RATE OPTION! Designer swaggy townhome has the feel of luxury and comfort w/ soaring 20-foot ceilings and impressive art walls. Highly profitable Airbnb for investors! 3 bedroom, 3 bathroom home features updated floors, light fixtures, and a modern kitchen and layout great for a first time buyer and family as well. The 2-car garage provides ample storage space, and the rooftop deck offers breathtaking 360-degree views of Camelback Mountain, Piestewa Peak, South Mountain, and downtown. Residents have access to the community pool and spa, and the low HOA fee includes internet. The property is close to shopping and entertainment, including Biltmore Fashion Park and just a short drive to Sky Harbor Airport, downtown Phoenix, and Old Town Scottsdale.

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840 Alpha Lane Prescott, AZ 86303

$500,000

2 Beds

2 Baths

1,656 SqFt

Status Active

MLS # 6667210

Property Type Townhouse

Price Type --

RARE OPPORTUNITY TO OWN A SINGLE LEVEL TOWNHOUSE IN THE PINES. .9 MILE TO DOWNTOWN PRESCOTT AND ALL THE FUN ACTIVITIES WITHIN WALKING DISTANCE. LOW HOA, $30.00 A MONTH! THIS HOME WOULD MAKE A PERFECT SECOND HOME TO ESCAPE THE HEAT OR EASY FULL TIME LOW MAINTENANCE RESIDENCE. CENTRAL AIR CONDITIONING AND HEAT. NEW ROOF IN 2023. NEW PAVER DRIVEWAY IN 2023. NEW TREX DECK IN 2022. 2 SPACIOUS BEDROOMS. 2 BATHROOMS. 2 CAR GARAGE. LEVEL PAVER DRIVEWAY. OPEN CONCEPT LIVING, WITH A FLOORPLAN THAT JUST FLOWS. FOREST VIEWS OFF THE LIVING AND DINING AREA. ENJOY SITTING ON YOUR BACK DECK AND TAKE IN THE SIGHTS AND SOUNDS OF NATURE. YOU ARE SO CLOSE TO EVERTHING PRESCOTT BUT FEEL SO PRIVATE AND ONE WITH NATURE.

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17398 W Superior Avenue Goodyear, AZ 85338

$500,000

4 Beds

2.5 Baths

2,525 SqFt

Status Active

MLS # 6669321

Property Type Single Family Residence

Price Type --

Gorgeous single-story home with a pool, view fence, 3-car tandem garage and solar! This floor plan creates an open living concept, with a large living room tying into a gourmet eat-in kitchen with double wall ovens, granite countertops, a farmhouse sink and gas stove. The primary bedroom features an en-suite bathroom with a large soaking tub, separate shower and dual sinks. There are also 3 additional bedrooms, a den, full bathroom with tub/shower, as well as a half bath for the main living area, or your guests. Close proximity to shopping, dining, schools, freeway access and more!

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15206 W Pasadena Drive Surprise, AZ 85374

$500,000

2 Beds

2 Baths

2,052 SqFt

Status Active

MLS # 6673156

Property Type Single Family Residence

Price Type --

Welcome to this 1 owner, one-level home in the desirable The Grand Community! This home boasts 2052 sf of well-designed living space which offers the perfect blend of comfort, convenience, and style. Notice the quality construction of this Coronado open floor plan and the beautiful aesthetics of the exterior for stunning curb appeal! Features Include: Marble Floors, Rock exterior, Extended Patio, New Roof underlay and Exterior paint, large living room with lots of natural light and views of the backyard. Notice the spacious marble kitchen and oversized dining area. The primary suite is amazing and offers a large bath and walk-in closet. There is a 2nd bedroom and bath and also a den that could be converted into a 3rd bedroom if you desire. $5,000 allowance to buyer with acceptable offer.

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