Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season.
Many sellers feel that the spring is the best time to place their homes on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.
Here are five reasons to sell now.
1. Demand is Strong
Foot traffic refers to the number of people who are out, physically looking at homes right now. The latest foot traffic numbers from the National Association of Realtors (NAR) show that the number of buyers out looking for their dream homes in December reached the highest mark since February 2016.
These buyers are ready, willing and able to buy…and are in the market right now! Take advantage of the strong buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory just dropped to a 3.6-month supply, which is well under the 6-month supply needed for a normal housing market. This means, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices; however, additional inventory is about to come to market.
There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last four years. Many of these homes will be coming to market soon.
Also, new construction of single-family homes is again beginning to increase. A study by Harris Poll revealed that 41% of buyers would prefer to buy a new home, while only 21% prefer an existing home (38% had no preference).
The choices buyers have will increase in the spring. Don’t wait for this other inventory to come to market before you sell.
3. The Process Will Be Quicker
One of the biggest challenges of the housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. There is less overall business done in the winter. Therefore, the process will be less onerous than it will be in the spring. Getting your house sold and closed before the spring delays begin will lend to a smoother transaction.
4. There Will Never Be a Better Time to Move-Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.7% over the next 12 months according to CoreLogic. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30-year housing expense with an interest rate around 4% right now. Rates are projected to rise by half a percentage point by the end of 2017.
5. It’s Time to Move on with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to the questions above. You have the power to take back control of the situation by putting your home on the market. Perhaps, the time has come for you and your family to move on and start living the life you desire.
That is what is truly important. Give me a call to get started – J.P. Cook – 602-320-4253.
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22115 N O Sullivan Drive Maricopa, AZ 85138
$549,900
4
Beds
2.5
Baths
2,860
SqFt
Status
Active
MLS #
6694008
Property Type
Single Family Residence
Price Type
--
This beautiful upgraded 4/2.5 golf course home features a split floor plan, chef's kitchen with granite countertops, custom tile and marble backsplash, upgraded appliances and custom flooring throughout. There is no carpet in this home, featuring porcelain tile and custom textured concrete throughout for a clean modern look! The den/office is positioned so that it has a beautiful view of the golf course. The primary suite features a fully custom bathroom with cascade sinks and granite countertops, huge double shower with seating and inset artisan shelving. The shower also features three shower heads, with rain head and handheld! The guest bathrooms have been remolded with granite countertops and hand hammered copper sinks. Low water usage landscaping gives you a lovely yard to enjoy year round! There is also solar to help with electric bill. App controlled garage door openers. A newly resurfaced pebble sheen pool with a cartridge filter will give you many years of enjoyment at any age! This home features the most popular floor plan in the Rancho El Dorado subdivision!
6262 W Sharyn Road Pine, AZ 85544
New
$549,900
3
Beds
2
Baths
1,258
SqFt
Status
Active
MLS #
6694509
Property Type
Single Family Residence
Price Type
--
Welcome to your tranquil cabin retreat nestled on .51 acres, with a seasonal creek at the rear of the property. Updated in 2024, the kitchen dazzles with new cabinets and quartz counters, complemented by the updated LVT flooring and modernized master bath. Featuring a primary room and bathroom on the main floor, along with two additional bedrooms and a loft upstairs, this cabin offers flexibility for relaxation and hosting. Enjoy year-round comfort with both heating and cooling systems. Entertain on the expansive deck out back or unwind on the covered patio in front. The basement/storage area with electricity opens opportunities for a workshop or potential suite. Whether seeking a getaway retreat, Airbnb/VRBO (No HOA), or permanent residence, this cabin offers a perfect blend of comfort.
708 W Caldwell Street Phoenix, AZ 85041
$549,900
3
Beds
2
Baths
2,073
SqFt
Status
Active
MLS #
6694865
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home! This stunning 3 bedrooms, 2 bathrooms residence offers the epitome of comfort and style. Step into the heart of the home a breathtaking kitchen boasting stainless steel appliances, a large island, and elegant tile flooring. Relax in the spacious living room adorned with sleek tile, perfect for entertaining guest or cozy nights in. Retreat to the plush carpets of the bedrooms for ultimate relaxation. Indulge in the luxurious double sink bathrooms, adding convenience to your daily routing. Outside, discover your own private oasis. A beautiful backyard featuring synthetic grass, a sparkling pool, and charming pavers, offering the perfect setting for outdoor gatherings or peaceful relaxation. Don't miss the opportunity to make this beautiful home yours.
17433 W Statler Street Surprise, AZ 85388
$549,900
5
Beds
3.5
Baths
2,403
SqFt
Status
Active
MLS #
6695575
Property Type
Single Family Residence
Price Type
--
This is a move in ready SINGLE LEVEL Dream Home on a large corner lot with a sparkling pool in the highly sought after neighborhood of Surprise Farms. The gourmet kitchen and great room with a fireplace plus built in media wall have picture windows that overlook the tropical pool, extended covered patio and lush green back yard. The delightful chef's kitchen boasts plenty of counter & cabinet space with granite counter tops, stainless steel appliances & built-in pantry. 2 main bedroom suites plus 3 additional bedrooms and 3.5 bathrooms provide spacious accommodations for family and guests.
29110 N 129th Avenue Peoria, AZ 85383
$549,900
2
Beds
2
Baths
1,361
SqFt
Status
Active
MLS #
6696049
Property Type
Single Family Residence
Price Type
--
VA Loan Assumption available! Looking for an active adult community? How about one where you will find an abundance of activities in an absolutely stunning landscape? Welcome to this 2 bed, 2 bath home in the sought-after Active Adult Resort Community of Trilogy at Vistancia! Step inside, this Rivas Model, to discover this open concept layout seamlessly integrating the great room, kitchen, and dining area. Take a look at the spacious, light and bright kitchen. Featuring white cabinets, granite countertops, a updated island with farmhouse sink, SS Appliances and wine fridge. French doors lead you to lush landscaping adorned with citrus trees in the large south-facing full fenced in yard, offering privacy and tranquility. This is an ideal space for outdoor relaxation featuring a covered back patio extended with pavers. The primary suite is a true retreat, boasting a generous size and overlooking the backyard oasis. The primary bath has been tastefully renovated with a new vanity and shower remodel, complemented by a spacious walk-in closet, offering both style and functionality. The second bedroom offers ample space, perfect for guests or a home office, ensuring comfort and versatility for your lifestyle. Additional features include 18'' tiles throughout, surround sound, custom closets, and a 2-foot extension in both the second bedroom and garage. This resort style community is for active 55 plus adults. Residents here enjoy guard gate and beautiful golf course through the center of the community. Trilogy Golf Club is an 18-hole golf course featuring a clubhouse, with V's Taproom. Living here you also have access to 2 resort clubs. Kiva Club is an athletic club with fitness equipment and classes, olympic sized pool and outdoor resort pool, tennis courts, The Alvea Spa and Café Solaz. The Mita Club is also a fitness center with outdoor resort pool, gourmet chef kitchen, with 2 restaurants. The Shallow Well Cantina and Grill and The Market Place serving coffee and lunch and an art and craft studio. With its prime location and exceptional features, this home showcases resort-style living at its finest. Stop by to see the breathtaking beauty of this community. It will make you smile when you come home each day.
17047 N Palo Pino Street Maricopa, AZ 85138
Open House
$549,900
2
Beds
2
Baths
1,725
SqFt
Status
Active
MLS #
6697289
Property Type
Single Family Residence
Price Type
--
Don't miss the chance to own this beautiful home in Maricopa! Bring all your toys w/ extended paver driveway along w/ a climate controlled RV garage w/ full hookups. Walk into the open floor plan including wood-look floors, chic lighting, and a spacious great room, ideal for entertaining. The kitchen is a chef's delight, with white cabinetry, stainless steel appliances, a tile backsplash, solid surface counters, & a center island with a breakfast bar. The primary bedroom is a serene retreat with a soothing color palette, dual sinks, and a walk-in closet in the private bathroom. A versatile den provides space for an office + 3 additional bedrooms. Step outback to your backyard oasis w/ putting green & spectacular lighting features. Perfect spot to experience ALL the stunning AZ sunsets! Outdoors, the expansive backyard is complete with a covered patio, paver patio, artificial turf, and ample space for a pool or various outdoor activities. You can also enjoy the scenic sunset views! Experience the charm and sophistication of this gorgeous home for yourself!
36131 N Desert Tea Drive San Tan Valley, AZ 85140
$549,900
3
Beds
3
Baths
2,186
SqFt
Status
Active
MLS #
6698645
Property Type
Townhouse
Price Type
--
Step into the epitome of 5-star living within the prestigious Encanterra Resort Community! This remarkable home boasts over $140,000 in upgrades and offers the convenience of one-level living. On the main floor, discover 2 bedrooms, 2 full bathrooms, laundry facilities, a work area, and more. Hosting guests? The upstairs welcomes them with a full bedroom and bathroom, along with an incredible loft/TV area and a full office featuring a built-in desk—all while enjoying breathtaking views. Be sure to explore the attached upgrades list to fully appreciate the splendor of this home. Welcome to luxury living at its finest!
4086 E Rustler Way Gilbert, AZ 85297
$549,900
4
Beds
3
Baths
2,126
SqFt
Status
Active
MLS #
6699074
Property Type
Single Family Residence
Price Type
--
You'll find tasteful updates throughout this recently renovated, 4 bedroom, 3 bath home located in the energenic community of Power Ranch. Fresh paint, new LVP flooring, new carpet, 5'' baseboards, upgraded door hardware, stylish lighting, electrical outlets and switches, window blinds, epoxy coated floor in garage; ALL of this just completed. Kitchen is well appointed with a generously sized island, granite countertops and SS appliances. Bedroom and full bath downstairs. Upstairs you'll find the Primary BR with large ensuite and spacious W/I closet along with two more bedrooms and full bathroom. Oh wait, there's more...a roomy LOFT that can be used for whatever suits your lifestyle. Backyard offers a covered patio, green lawn and mature foliage. This community offers pools, fishing lakes, sport fields and courts and MORE! See document section for amenity list and map.
433 S Morris Meadows Road Payson, AZ 85541
$549,900
2
Beds
3
Baths
2,264
SqFt
Status
Active
MLS #
6701978
Property Type
Single Family Residence
Price Type
--
A fully furnished and decorated, turn key, retreat in the pines! 90 minutes from the hot and crowded east valley! If you want a full acre forest getaway this summer, look no further. If you want room for all the high country toys, look no further. This site-built appx. 1456 sf 2 bed/2 bath cabin with a huge loft is fully stocked and ready for you to spend the night you close. Oh, did I mention the appx. 800 sf 3 car livable garage/workshop with it's own 3/4 bath? Have I mentioned the property has it's own private well? Have I mentioned the front and rear covered decks with all peacefulness you can imagine. A gorgeous rock accent wall featuring an antique wood burning stove that will heat the whole cabin while you watch the winter snow fall. Ponderosa Springs subdivision is surrounded by National Forest making you feel like you're in your own world. Deer, turkey, elk and a variety of small game are seen often in the subdivision. There is also a 24x12 barn in the very back of the property.
2033 N 12th Street Phoenix, AZ 85006
$549,900
2
Beds
2
Baths
1,131
SqFt
Status
Active
MLS #
6702102
Property Type
Single Family Residence
Price Type
--
Welcome to 12th street in the heart of Coronado Historic Neighborhood located near Downtown Phoenix. This REMODELED 1950's ranch is ready to go. Walking distance to the neighborhood Sunshine Market, Coffee shop, & Coronado Phx restaurant. Enjoy the beautiful eat in kitchen with light grey cabinets, quartz counters, new SS appliances & stunning light fixtures. Open to great room with original fireplace. Both bathrooms updated with custom Tile, new vanities, mirrors, and lighting. Spacious laundry room just steps off the patio. Don't miss out on this STUNNING home.
18340 W Jones Avenue Goodyear, AZ 85338
New
$549,900
4
Beds
2.5
Baths
3,062
SqFt
Status
Active
MLS #
6705550
Property Type
Single Family Residence
Price Type
--
Welcome to this picture perfect family home, where luxury meets functionality in a vibrant community setting! This stunning property is loaded with upgrades and surrounded by amenities, making it the perfect retreat for family living. As you step inside, you'll be greeted by a beautiful entry way that exudes warmth and style. The heart of the home is the huge kitchen, designed with the gourmet chef in mind. It features a butler's pantry, extended and staggered cabinets with crown molding, soft-close doors and drawers, a gas stove, and sleek stainless steel appliances. The home boasts elegant wood-look tile flooring, enhancing its modern appeal. Additional features include a soft water system and an R.O. (reverse osmosis) system, The laundry room comes equipped with a utility sink hookup for added convenience as well as Walk in closets in all of the bedrooms! Step outside to your private oasis, an entertainer's dream. The backyard features easy-to-maintain landscaping with artificial turf, a covered patio perfect for outdoor dining, and a built-in gas grill for weekend barbecues. Take a dip in the sparkling pool, complete with a self-cleaning system, or simply relax under the sun. A firepit next to the pool for perfect evening gatherings. The community itself offers a wealth of amenities, including multiple playgrounds, gazebos, walking paths, and basketball courts. Sports enthusiasts will love the baseball field, soccer field, and volleyball court, providing endless opportunities for recreation and socializing. Don't miss the chance to make this exquisite home yours. With its extensive upgrades and prime location, it's the perfect place to create lasting memories. Schedule your showing today and experience the best of community living!
347 E Papago Drive Tempe, AZ 85288
$549,900
3
Beds
2
Baths
1,383
SqFt
Status
Active
MLS #
6705593
Property Type
Single Family Residence
Price Type
--
Now this is a must see!!! This home features 3 bedrooms 2 bath just minutes from downtown Tempe, ASU, South Scottsdale, Tempe Town Lake and walking distance to Papago Park.Captivating kitchen featuring a sleek contemporary design, plenty of cabinet space, a stylish butcher black island, and ample sunlight.