After Months Of Declines, Home Sale In Phoenix Are Up!
Home sales in the Phoenix Valley have been going up for the last three months!
In January 3,021 homes sold in the Arizona Regional MLS. In February 3,337 homes in the Arizona Regional MLS sold. Last month 4,477 homes sold in the Arizona Regional MLS!
Right now in the same Arizona Regional MLS there are 6,968 homes pending...meaning that a real estate contract has been made and accepted!
This is great news for anyone who ones property in the Phoenix Valley! Real estate has been a large part of our economy for a long time.
There are three major things that have brought buyers into the market.
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Real estate bargains! The homes that are selling are considered great real estate bargains. Anyone that has to sell...also has to price their home lower than their competition. If they don't...their home won't sell!
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Low interest rates are bringing people back into the market. This creates a two great benefits for home buyers...lower prices and lower interest rates!
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Foreign home buyers are taking advantage of their great exchange rates! I have several Canadian buyers right now that are buying real estate in the Phoenix Valley. Canadians have always liked to own second homes in the Phoenix Valley, but foreign buyers also have to great incentives...lower prices and a weak dollar. This is creating a great time for them to buyer real estate in Arizona!
If you are thinking about buying real estate in the Phoenix area...it is now time to stop thinking and act on it! Low prices, low interest rates, and great exchange rates are bringing buyers back into the real estate market. Don't let this opportunity pass you by!
Date: 2008-04-03 12:21:09
Views: 554