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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4608 N Desert Stream Way Litchfield Park, AZ 85340

$499,000
3 Beds
2 Baths
1,897 SqFt
Status Active
MLS # 6685491
Property Type Single Family Residence
Price Type --
Vacant, EASY SHOW. ON THE LAKE. This is a great location in a great location. One of the few lots that has lake view is what makes this property exclusive. 3rd bedroom can act as a den.

15989 N 74th Lane Peoria, AZ 85382

$499,000
3 Beds
2.5 Baths
1,975 SqFt
Status Active
MLS # 6685842
Property Type Single Family Residence
Price Type --
Location...Northwest Corridor just min from Arrowhead Mall & 101. This Awesome home is now available located at Bella Brisa at 75th Ave and Bell Rd. The 3 bedrooms, 2.5 baths and bonus/flex room that offers the ability to work from home or workout room. Beautifully, finished kitchen with extended counter including gas range for the chef in you. The Primary room is oversized with beautiful bath and walk-in closet. The laundry room includes tall built-in custom cabinets. The backyard includes synthetic grass easy maintenaince. ome check out your new home! This community, located in North Peoria! Easy access to bike/running trails, hundreds of restaurants, shopping, ballpark, and entertainment. ALL just minutes away!

2120 N 125th Avenue Avondale, AZ 85392

$499,000
5 Beds
3.5 Baths
3,751 SqFt
Status Active
MLS # 6687869
Property Type Single Family Residence
Price Type --
This charming single family home located at 2120 N 125th Ave in Avondale, AZ was built in 1996. With a spacious finished area of 3,751 sq.ft. spread across two stories, this home features 2 full bathrooms, 1 half bathroom, and ample living space. The property sits on a generous lot size of 9,791 sq.ft., providing plenty of outdoor space for relaxation and entertaining. Don't miss the opportunity to own this wellmaintained and inviting home in a desirable neighborhood. This house features solar panels (please call for additional information). Seller will pay $5,000 for buyer's closing cost.

4818 W Ellis Street Laveen, AZ 85339

$499,000
4 Beds
3 Baths
2,606 SqFt
Status Active
MLS # 6688126
Property Type Single Family Residence
Price Type --
HUGE DROP IN PRICE FOR QUICK SALE!!! MOVE IN READY. See this beautiful 2 story Laveen Home in a great neighborhood! It features 4 Bedrooms, 3 Bathrooms, Living Room, Family Room, Dining Area, Open Island Kitchen and granite countertops! Low Maintenance Front and a large grassy backyard - a great playground! A detached guest house (or office or shop. This is a super home for a large family AND for entertaining!

159 Park Street Wickenburg, AZ 85390

$499,000
3 Beds
3 Baths
2,894 SqFt
Status Active
MLS # 6691196
Property Type Single Family Residence
Price Type --
TASTEFULLY REMODELED! Modern comfort meets convenience in this charming home nestled on a large corner lot. Providing 3 beds, 3 baths, lush front yard, & carport parking spaces. Highly upgraded interior boasts fresh neutral paint, ceiling fans, recessed lighting, and wood-look flooring w/plush carpet in bedrooms. The spacious living & dining room features a fireplace & picture windows for tons of natural light! The spotless kitchen boasts SS appliances, quartz counters, recessed lighting, a breakfast bar, & ample shaker cabinetry. Main bedroom has a walk-in closet & an ensuite w/dual sink. Versatile den is great for an office. Moving outdoors, tranquility awaits in the backyard! A covered patio, built-in BBQ, mature trees, storage shed, & a fenced area complete the picture. Move-in ready!

5020 S Citrus Lane Gilbert, AZ 85298

$499,000
2 Beds
2 Baths
1,471 SqFt
Status Active
MLS # 6692727
Property Type Single Family Residence
Price Type --
Welcome to this impeccably maintained, low-maintenance home in Trilogy at Power Ranch. All major systems in the home replaced within 5 years; including the roof, HVAC, and paint. This large premium lot home offers the luxury of no rear neighbors for added privacy and no interior steps for easy access. Enjoy Trilogy's vibrant lifestyle with amenities such as golf, swimming, bocce, tennis, pickleball, fitness center, restaurant, and much more. Guard-gated for security during the day. Perfect for a lock-and-leave lifestyle, whether for seasonal visitors or full-time residents. Experience resort-style living at its finest in this vibrant community.

2505 E Commonwealth Circle Chandler, AZ 85225

$499,000 - 3Br/2Ba -  for Sale in Colonia Coronita Amd, Chandler
Open House
$499,000
3 Beds
2 Baths
1,571 SqFt
Status Active
MLS # 6688392
Property Type Single Family Residence
Price Type --
Become the proud owner of this cozy 3-bedroom, 2-bathroom residence with a perfect blend of comfort and style! The living room features a soothing palette and attractive wood-look flooring. Gather loved ones in the family room for intimate moments. The kitchen comes with tile counters, abundant white cabinetry, recessed lighting, a peninsula with a breakfast bar, and a convenient serving window to the patio. The main bedroom is complete with soft carpeting, sliding doors to the backyard, a walk-in closet, and a private bathroom. Outside, the backyard is an oasis, boasting a covered patio, a fragrant citrus tree, and a refreshing pool for enjoying sunny days. This value won't disappoint!

5608 W Pontiac Drive Glendale, AZ 85308

$499,000 - 3Br/2Ba -  for Sale in Fulton Homes At Arrowhead Ranch Unit 2, Glendale
Open House
$499,000
3 Beds
2 Baths
1,610 SqFt
Status Active
MLS # 6686350
Property Type Single Family Residence
Price Type --
Desirable single level home with Pool in Arrowhead Ranch. Conveniently located near Arrowhead Mall, Restaurants & Entertainment, with easy access to 101. Open concept floorpan, with fireplace in great room. HAVC new 2021. Save on APS bills with Solar! Great Schools. Extended Flagstone patio outside next to sparkling pool and Spa. Incredible potential and Priced to sell !!

2004 N Lake Breeze Road Lakeside, AZ 85929

$499,000 - 2Br/2Ba -  for Sale in Creekside, Lakeside
Open House
$499,000
2 Beds
2 Baths
1,170 SqFt
Status Active
MLS # 6694622
Property Type Single Family Residence
Price Type --
Beautifully FURNISHED by LAKES! True pride of ownership shines in this gorgeous 2 bed, 2 bath home, located in the gated community Creekside. This open concept house features a stunning accent TV wall, a floor to ceiling stone fireplace, and vaulted ceilings. The kitchen has a large island, upgraded cabinetry with lighting underneath & on the floor, and a fabulous backsplash that goes up to the ceiling! The large master bedroom has a custom-made wall with an electric fireplace and inset TV, along w/ a walk-in closet and ensuite bathroom. All bathrooms are upgraded to coordinate with the kitchen. The back deck is a dream w/ a privacy screen on the side, perfect for enjoying the cool mountain air - just a few steps away, you can also enjoy your lovely private hot tub!! This home is exquisitely furnished - a designer's dream! Everything is done to perfection. It's ready for you to move in. The kitchen it truly amazing with a gas cook top. All appliances are Frigid Air Professional Series. The counter space is great with a large center island with bar stools. There is a pantry too. Lovely designer touches throughout from lighting, fixtures and other finishes. The guest bedroom has a custom-made queen over queen bunk bed that is suitable for adults. Walk in laundry with extra storage. Behind the water closet in the primary bedroom is a large linen closet. The master/primary shower has floor to ceiling tile with accent river rocks. There is also a double sink vanity. Rainbow lake is just around the corner to boating, kayaking, canoeing or fishing. Creekside - gated community is centrally located, close to everything. The home has a 2 car garage for toys and storage! Imagine living in the White Mountains of Arizona where you have 4 beautiful seasons and where you can breathe in the fresh mountain air and enjoy the 40 lakes and over 600 miles of rivers and streams. In addition to the amazing fishing, this area has one of the most extensive trail systems in the southwest for hiking, biking, horseback riding, quadding and more. Sunrise Ski Resort is also just 40 minutes away with 3 beautiful mountains to ski, snow board or sled. If shopping is your interest, you will love the antique stores and the multitude of arts and craft shows that happen in the summer. The music festivals have something to fit everyone's enjoyment. Do you love to golf? There are 7 amazing golf courses, 3 that are public. The White Mountains, where this home/cabin is the best kept secret of Arizona! Come and explore and enhance your living! Pinetop-Lakeside was also voted 'Best Cabin Region in the U.S... Embrace the MAGIC!

7647 E Montecito Avenue Scottsdale, AZ 85251

$499,000 - 3Br/3Ba -  for Sale in Casa Granada East Townhouses, Scottsdale
Open House
New
$499,000
3 Beds
2.5 Baths
1,656 SqFt
Status Active
MLS # 6697074
Property Type Townhouse
Price Type --
HUGE OLD TOWN SCOTTSDALE opportunity! 3 Bedroom spacious Townhome! 2 Covered Parking Spots, Back Yard, Shed, Community Pool and Playground, Walking to Old Town and all the benefits of one of Scottsdale's most desirable areas!

8337 E Portobello Avenue Mesa, AZ 85212

$499,000 - 4Br/2Ba -  for Sale in Boulder Creek Unit 1, Mesa
Open House
New
$499,000
4 Beds
2 Baths
1,520 SqFt
Status Active
MLS # 6696915
Property Type Single Family Residence
Price Type --
Welcome home to this incredible property located in Boulder Creek community in Mesa, Arizona. This home sits on a corner lot & features a gorgeous backyard complete with a pool, above ground hot tub, turf & a covered patio. This space is perfect for entertaining. Inside the home you'll discover vaulted ceilings, freshly painted walls, tile & laminate wood flooring. The owner's suite was recently updated & features a large walk in shower with a bench, dual vanities with granite countertops, a walk in closet & a light up, defog mirror. The kitchen has newer appliances, granite countertops & a motion sensor faucet. There's more fun details in the kitchen like the oven light that turns on when you knock on the oven door & the dishwasher that plays music after it's done. This home has so much to offer including a great location! It is near the 202 & 60 freeways giving you quick access to everything Mesa & Queen Creek offers. It's also just minutes from the scenic Usery Mountain Regional Park. If you've been waiting for the perfect home to hit the market, wait no longer!

4469 S 119th Drive Avondale, AZ 85323

$499,000 - 5Br/3Ba -  for Sale in Alamar Phase 2, Avondale
Open House
$499,000
5 Beds
3 Baths
2,311 SqFt
Status Active
MLS # 6677928
Property Type Single Family Residence
Price Type --
FANTASTIC PRICE! Looking for a new place to call home? You've found it here at the popular Alamar! This beautiful residence offers excellent curb appeal with a manicured landscape and a 3-car garage. Be captivated by the large & open floor plan with clean lines that promote a modern feel! Wood-plank tile flooring, recessed lighting, carpeted bedrooms, and oversized sliding glass doors are features worth mentioning. The white kitchen features 42'' shaker cabinets, tile backslash, quartz countertops, stainless steel appliances and a big island with breakfast bar. The primary bedroom has an immaculate ensuite with double vanity and a spacious walk-in closet. With room for a pool, the backyard provides endless potential to get creative & make it your own.

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