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

372 W Nikita Drive San Tan Valley, AZ 85140

$499,890

5 Beds

3 Baths

2,586 SqFt

Status Active

MLS # 6630546

Property Type Single Family Residence

Price Type --

On 4-18-24 Carpets were cleaned and ready for a new owner. Don't wait any longer, as the seller is highly motivated. This is your chance to own a stunning McKinley floor plan with a 5-bedroom, 3-bathroom that includes a loft in the coveted Meadows community. The house is close to a new shopping complex, restaurants, a hospital, and grocery stores. You'll love the spacious and well-designed floor plan, which features an open concept on the main floor with access to a covered patio. The kitchen is a chef's dream, with plenty of cabinet and counter space and a walk-in pantry. With one bedroom and a full bath downstairs, you'll have plenty of space for your family and guests. Upstairs, you'll find the laundry room, three additional bedrooms, and a split primary bedroom, each spacious and perfect for relaxation. The primary suite is the ideal retreat, with a large, secluded room, a private ensuite bathroom with dual sinks, and a walk-in closet. The loft is suitable for movie nights or a separate space to unwind. The house is fully landscaped and ready for you to move in. The lot is large enough for a future pool/spa/spool. Take advantage of this opportunity to own your dream home!

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5160 W Village Drive Glendale, AZ 85308

$499,800

3 Beds

2 Baths

1,622 SqFt

Status Active

MLS # 6692890

Property Type Single Family Residence

Price Type --

WOW!! This immaculate,ultra clean 3 Br/2 Bath, 3 CAR GARAGE home is located on a Cul-De-Sac lot. New natural color painted inside. Eat-in kitchen has GRANITE COUNTERTOPS, decorative backsplash, plenty of cabinets, stainless steel KitchenAid appliances. Spacious master suite has a bay window, dual sinks, & separate shower& soaking tub. Tile in all the right places, new carpet in bedrooms, plank flooring in Living Room. The covered, tiled Patio has sunscreens. Enjoy the beautiful and immaculate desert landscaping in this inviting backyard with manicured bushes, fruit trees, & a raised garden. A CUSTOM-BUILT FIREPLACE is the Focal Point. LOCATION! Easy access to 101 & 17 freeways, Arrowhead restaurants and Shopping Mall. Beautifully maintained subdivision with acres of trails & parks.

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25229 W Rockaway Hills Road Morristown, AZ 85342

$499,800

3 Beds

2 Baths

1,801 SqFt

Status Active

MLS # 6639688

Property Type Manufactured Home

Price Type --

Your new home away from the crowds awaits in Morristown! Santa-Fe-style residence sitting on a more than 1-acre lot on a desired corner! This property is fully fenced w/an RV gate for all your toys. Beautiful interior has tile floors, a cozy fireplace in the living room, gorgeous light fixtures, and neutral paint. Cook gourmet dishes in the eat-in kitchen showcasing SS appliances, center island, a walk-in pantry, white cabinetry, and ample counter space. Split main retreat has a walk-in closet and a full bathroom with a dual sink vanity and a jetted tub for a spa-like feel. In the backyard, discover a fenced covered patio w/a Ramada, a greenhouse, a detached garage w/a small workshop attached, a fire pit, and natural desert landscaping. Don't miss the AZ sunsets and mountain views! Hurry!

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18326 N Gila Springs Drive Surprise, AZ 85374

$499,800

2 Beds

2 Baths

1,782 SqFt

Status Active

MLS # 6673887

Property Type Single Family Residence

Price Type --

Beautifully designed home in the highly sought-after Sun City Grand community! Versailles pattern travertine flooring extends through the living area with a stone fireplace & additional sitting area off the kitchen ideal for a conversation or game table. The open kitchen boasts granite countertops, stainless steel appliances, drawer pull-outs, & RO. All bathrooms have been elegantly crafted with travertine & gorgeous vanities. Den area complete with custom built-in desk & shelving. The backyard offers a covered patio with a built-in BBQ ideal for hosting & citrus trees. Also featured, a 2-car garage with built-in cabinetry, water softener, & heat shield. You'll love the Sun City Grand community with amenities like a pool, spa, gym, clubhouse, sports courts, & fun community events!

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10778 W Mckinley Street Avondale, AZ 85323

$499,775

3 Beds

2.5 Baths

2,269 SqFt

Status Active

MLS # 6655230

Property Type Single Family Residence

Price Type --

New home ready for move in this spring. Two-story Tisdale floorplan with sought after Craftsman style exterior. The first floor features a flex room with elegant double glass doors. This room can serve as a home office, game room or sitting area. The second floor features a loft, the owner's suite and two additional bedrooms. The spacious kitchen features stainless steel appliances with gas range and a large island with ample sitting space, overlooking the dining and sitting areas. The stylish cabinetry is a gray tone which is complemented by upgraded quartz countertops, subway tile backsplash, and wood color plank tile. Great home with spacious sitting and socializing areas. Home warranty included.

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4809 E Fire Opal Lane San Tan Valley, AZ 85143

$499,700

3 Beds

2 Baths

2,228 SqFt

Status Active

MLS # 6677812

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the Village at Copper Basin Community of San Tan Valley! This stunning 2019-built residence boasts 3 bedrooms and 2 bathrooms, offering a perfect blend of modern design and functionality. The kitchen is complete with granite countertops, a large island, and a stainless steel appliance package. It seamlessly flows into the spacious great room, creating an ideal space for family gatherings and entertaining guests. The oversized primary suite is a true retreat, featuring ample room for a sitting area or home office with views of the pool, dual sinks in the en-suite bathroom, and a generous walk-in closet. The original 4th bedroom has been ingeniously merged to create an oversized double master feel, perfect for accommodating guests, setting up a home gym, or creating a cozy man-cave. Step outside through the glass sliding doors to discover your private backyard oasis. Enjoy lazy afternoons under the covered patio, take a refreshing dip in the PebbleTec SHASTA pool, or let the kids and pets play freely on the lush turf area. Plus, benefit from added privacy as the home backs to a park. This home offers not just a place to live but a lifestyle of luxury and comfort. Don't miss the opportunity to make it yours!

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16939 W Butler Avenue Waddell, AZ 85355

$499,636

5 Beds

3 Baths

2,786 SqFt

Status Active

MLS # 6621425

Property Type Single Family Residence

Price Type --

The Cottonwood floorplan gives you the primary bedroom on the 1st floor, 5 bedrooms, 3 full baths, study with double doors PLUS a huge loft to accommodate all the entertaining you could want and then some! The kitchen features rich warm brown shaker cabinets with 42'' uppers and crown molding, beautiful white quartz countertops and tiled backsplash. This home is on a N/S facing lot and from the backyard you have beautiful views of the White Tank Mountains. Our High-Performance Homes come standard with home automation technology, a REME HALO Air Purification system and they are designed with you in mind, to stay healthier & more comfortable in your new home. Home must close by 4/30/2024

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1335 W Monroe Street Phoenix, AZ 85007

$499,600

3 Beds

2 Baths

1,628 SqFt

Status Active

MLS # 6652210

Property Type Single Family Residence

Price Type --

Imagine residing in a home drenched in historical charm in Phoenix's Woodland Historic District. This abode is more than just a dwelling; it's a gateway to yesteryears, yet infused with contemporary comforts. Greeting you is an inviting front porch, leading to a living area where the original fireplace kindles tales of old. Across, the dining space reverberates with stories of grand meals past. Venturing further, you'll discover bedrooms that murmur ancient secrets, alongside a master suite that epitomizes today's opulence. The upper level hosts a generous bedroom, a blank slate for your creativity. Just a stone's throw from the Arizona Capitol, this location offers swift access to governmental hubs, entertainment arenas, and the lively downtown scene. Seize the chance to claim a slice of Phoenix's heritage in a neighborhood buzzing with renewal and rejuvenation.

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2480 S Pinegrass Road Show Low, AZ 85901

$499,500

2 Beds

2 Baths

1,492 SqFt

Status Active

MLS # 6684591

Property Type Single Family Residence

Price Type --

BRAND NEW HOME TO BE BUILT! This virtual listing is an example of what we will build for you. Let's build you this beautiful custom home in Torreon for under $500,000 with standard features like stainless steel appliances, granite, soft close cabinets, LVP floors, walk-in shower, great room, LP Smart Siding (no staining), Trex deck, iron railing, AC, gas heat, covered back deck and more. Some interior & exterior selections can be made by the buyer. Great pine trees on this lot. To be built with buyer's cash or construction loan. We have lenders to accommodate this lot/home package. Estimated build time is 12 months from permits. We can also help design a custom home if you prefer. Other lots available. Call for details.

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2817 E Hidalgo Avenue Phoenix, AZ 85040

New

$499,500

3 Beds

2 Baths

1,744 SqFt

Status Active

MLS # 6695528

Property Type Single Family Residence

Price Type --

Don't miss this former Model from the award-winning home builder Ca-Atlantic Homes. This former model home has all the builder upgrades all put into one of their most popular floor plans. This open great room flow creates a dynamic of comfort and ease for family and guests. The 16' wall of glass opens to a spectacular indoor/outdoor experience. This home interior is loaded with designer touches and upgrades like 42'' upper cabinets, Kitchen Aid S/S appliances, Under cabinet lighting, upscale, Recessed lighting, Plank Tile flooring, Crown molding, Security System, Surround sound, Designer flooring, upgraded Shower, designer touches and designs explodes the minute you walk in this home. Exterior touches include Full paver patio, Professional landscape design, Fire pit, amazing patio.

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20434 W Meadowbrook Avenue Buckeye, AZ 85396

$499,500

2 Beds

2 Baths

1,657 SqFt

Status Active

MLS # 6625864

Property Type Single Family Residence

Price Type --

VICTORY living is yours in this stunning 2022 build Lennar home! 1657 SF of living space gives you 2 beds, 2 bath with a huge bonus room that can be used as a formal dining room or a spacious office/den! Tile floors everywhere but bedroom 2 and closets! Stunning white theme kitchen with stainless steel appliances, quartz counters and under cabinet LED lighting! Spacious main living area is an entertainers dream! Let the fun spill out into the backyard where your oversized covered patio is paired with a professionally installed hardscape patio just perfect for a outdoor dining set and BBQ! Views of the White Tank Mountains from your back yard and a beautiful wash/greenspace between you and your back neighbor! Enjoy the tankless gas water heater for UNLIMITED hot water!

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1445 S Revere -- Mesa, AZ 85210

$499,500

4 Beds

2 Baths

1,455 SqFt

Status Active

MLS # 6645184

Property Type Single Family Residence

Price Type --

Convenient location in Mesa, well maintained 4 Bedrooms & 2 Bath Home on a Corner Lot with an RV Gate. Kitchen features cabinets with pull out drawers, a MOVEABLE island for easy entertaining & creating extra space, along with a pass-through to an outside Wet Bar. Gated sparkling diving pool & grass area to enjoy, low maintenance yard. Large, covered patio offering plenty of shade. The RV area has space for 40ft Trailer and 30 AMP service conveniently located for hook-up. UPDATES INCLUDE - Hot Water Tank 2023, Windows 2021, HVAC 2021, Bathrooms 2021, Insulation in Attic 2020, Pool System 2017, Kitchen 2016, Flooring 2016 & all new exterior doors. Near highways US60, the 101 freeway and easy access to public transportation and the light rail. Shopping and restaurants within minutes.

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