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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2401 W Southern Avenue Tempe, AZ 85282

$35,500
2 Beds
1 Bath
800 SqFt
Status Active
MLS # 6404192
Property Type Manufactured Home
Price Type --
Outdoor living at its finest with multiple patios, beautiful white fences,very private veranda two big sheds. Curb appeal for this adorable mobile home in a gated 55+ community with 24/7 guardhouse. Windows in house are dual windows. Beautiful floors and vaulted ceilings in family/dining room. The eat-in kitchen has stainless steel appliances and a wine rack as island. Generous sized bedrooms, inside laundry, car port. Many community amenities and close to freeway.

21111 W Dnp Test Listing Row Tempe, AZ 85282

$35,000
2 Beds
2 Baths
1,850 SqFt
Status Active
MLS # 6621982
Property Type Manufactured Home
Price Type --
ARMLS Brand Team's Test Listing - DO NOT EDIT

11 Mar Bermejo -- San Carlos 85550

$35,000
2 Beds
2 Baths
1,023 SqFt
Status Active
MLS # 6631040
Property Type Apartment
Price Type --
Fractional Ownership. **NOT A TIME SHARE** Enjoy the benefits of owning a vacation property without the hassle and expense of full ownership with this fully furnished, 1023 sqft condo with 2 bedrooms, 2 baths, and a kitchen with all appliances, granite countertops, and an island. The BAHIA unit also includes 1 parking space. Fractional ownership gives you the flexibility to use your property, to rent it out when you are not using it or sell your share for profit. It's a great way to own a piece of paradise without breaking the bank. Please call for more details.

8700 E University Drive Mesa, AZ 85207

$35,000 - 1Br/1Ba -  for Sale in Viewpoint Rv And Golf Resort, Mesa
New
$35,000
1 Bed
1 Bath
700 SqFt
Status Active
MLS # 6702217
Property Type Manufactured Home
Price Type --
Huge covered patio. Bonus/guest room is currently set up as a TV/living room. Shed/workshop with laundry. The community has an 18 hole and 9 hole golf course, heated pool and spa, a clubhouse, tennis/bocci/shuffleboard/pickleball courts. Plumbing fixed by a bonded, licensed and insured contractor. This home is move in ready and priced to sell!

9736 E Main Street Mesa, AZ 85207

$35,000
1 Bed
2 Baths
5,585 SqFt
Status Active
MLS # 6688193
Property Type Manufactured Home
Price Type --
1 BR, 2 bath home with a formal living room attached . In-home stackable washer and dryer, 2 new mini-split systems for A/C and Heat! the park has community laundry. The kitchen boasts a pantry and residential refrigerator. Features a large, screened, and covered patio/carport, great for entertaining and working on hobbies. Century Plaza has a community pool, clubhouse, dog park, and picnic area. 55 Plus Active Adult Community. All furnishings included!!!

16005 N 32nd Street Phoenix, AZ 85032

$35,000
1 Bed
1 Bath
714 SqFt
Status Active
MLS # 6559342
Property Type Manufactured Home
Price Type --
Charming and cozy 1b/1b in an age-qualified (55+) community. Enjoy afternoon breezes and view of the McDowell Mtns on roomy deck. Home was renovated 2022- 2023. Upgraded electrical outlets, appliances, roof recoated, replaced main exterior doors, windows sealed, and new hot water heater, new wall-mount A/C in living room. Easy access to the 51 and 202. Park is a clean, quiet, and larger-pet friendly community- with a pool, spa, clubhouse, and full-time manager. Near Phoenix Mtn Preserve one way and Paradise Valley Park the other, Grocery and fast food, or unique dining spots to check nearby. Seller-carry details available upon request.

7591 W Battaglia Drive Casa Grande, AZ 85193

$35,000
1 Bed
1 Bath
580 SqFt
Status Active
MLS # 6631604
Property Type Manufactured Home
Price Type --
Extensively renovated 1BR+ DEN with New Metal Roof, Siding, Windows, Walls, Electrical Panel, Water Heater, Window & Portable AC Units, Flooring, Paint. Adorably Adorned with Laminate Flooring, Wood Accented Ceiling, Enclosed Patio, Synthetic Grass, Pavered Patio & Shed. Located in the Wonderful Adult Living Community of High Chaparral RV Mobile Home Park with it's many amenities: Clubhouse w/Full Kitchen, Heated Pool & Spa, Library, New Laundry Facility, Sports Complex, Pavilion, Pickleball Courts, Shuffleboard Courts, Horseshoes, Fire Pits & lots of Planned Activities! $450 Monthly Land Lease Fee includes Water, Sewer & Trash. Must Prequalify with Park for Land Lease Approval.

2460 E Main Street Mesa, AZ 85213

$35,000
3 Beds
1 Bath
550 SqFt
Status Active
MLS # 6657875
Property Type Manufactured Home
Price Type --
Well kept home with a relaxing backyard, in the gated, 55+ community of Trail Riders Ranch! This home has hard floors throughout, a new roof over the addition, ample sunlight, and citrus trees out back! This home has plenty of room to make it your own! All of the furniture stays, simply pack your bags and move in! Central Air, Furnance & Water Heater all replaced in 2020!

1150 N Delaware Drive Apache Junction, AZ 85120

$35,000
1 Bed
1 Bath
952 SqFt
Status Active
MLS # 6676621
Property Type Manufactured Home
Price Type --
Check out this mobile home in the 55+ Golden Acres Mobile Manor Community! This single-wide unit offers a spacious living room for entertainment, wood-look and tile floors, neutral paint, and abundant natural light. The eat-in kitchen has tile counters, ample cabinets, and the essential appliances for your cooking. You'll love the sizable bedroom boasting two spacious closets for your entire wardrobe. In the bathroom, you'll find a tub/shower combination for added comfort. Don't miss out on the carport space and the laundry room with a utility sink, window A/C unit, and built-in cabinetry/desk to use as a workshop area. Great retirement property!

2727 E University Drive Tempe, AZ 85288

$34,900
2 Beds
1 Bath
900 SqFt
Status Active
MLS # 6647807
Property Type Manufactured Home
Price Type --
Discover refined living at Sage Point's 55+ haven. This home has been completely renovated, offering luxury at a VERY affordable price. In 2023, the seller spared no expense, installing a new AC, roof, plumbing, range, and refrigerator, all for you to enjoy. Plank flooring creates an illusion of endless space, transforming this cozy home into a luxurious retreat. Picture yourself starting the day on the charming front porch or relaxing in one of two outdoor sanctuaries. Community amenities include a pool, fire pit, BBQ area, shuffleboard, dog park, billiards, cards, library, and fitness center. This is not just a home; it's a lifestyle. Don't miss this meticulously updated retreat.

5201 W Camelback Road Phoenix, AZ 85031

$34,500
2 Beds
1 Bath
9,448 SqFt
Status Active
MLS # 6586950
Property Type Manufactured Home
Price Type --
Great Housing Opportunity! This 2-Bedroom has an Arizona that can easily be converted Bedroom. Well kept, and clean, Covered Patio and Carport, Great Community with 2 Community Pools, Rece Center, Party Hall, Exercise Room, Library, etc..

327 S Cedar Street Saint David, AZ 85630

$32,000
1 Bed
1 Bath
624 SqFt
Status Active
MLS # 6672085
Property Type Manufactured Home
Price Type --
Clean and updated nice ADA friendly 624sq ft Manufactured 1 bedroom 1 bath home. In beautiful Sweet Springs mobile home park in St. David. Financing possibly available contact listing agent for more info.

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