Wednesday, October 7, 2009
Monday, March 16, 2009
Busy Crazy Week
Last week was really remarkable for me here in the HOT Phoenix real estate market. Our office has adopted a new phrase because truly "PHOENIX IS ON SALE!"
What does this mean? The short version is that the pricing for home across the Valley of the Sun are at bargain levels. Since July 2008, we have seen a steady decline in the inventory of available homes for sale. While economic times are challenging and the number of REO (bank owned properties) has risen, so have SALES! Over 5,000 home sales have occurred since July, and some months, even more.
Additionally, there is definitely an uptick in first-time homebuyers. This is very, very exciting news and it favorably impacts trickle down economics across board. For a free eBook about first time homebuying, click here.
A lot of these first time buyers are Gen-X and Gen-Y types who are very savvy with the internet. This makes the buying process even more fun for me as a REALTOR because I am able to more quickly relate to my client's needs and wants. It also helps them be more focused on exactly what their dream home actually looks like. In addition, helping them find the house that is THE SPECIAL ONE, watching their eyes light up and the smiles on their faces when that house comes up, WOW!
On Friday, I was showing a young couple, I'll call them Fred and Sue, homes which I had previewed for them last week. The second house was "The ONE!" We looked at a few more good candidates, came back for the second look, and left to get the offer written. What a day! Oh, and both extended families liked the house as well. Watching "boomers" watch their adult kids go through the first home buying experience is also a lot of fun, challenging, but fun.
If you, a family member, friend or co-worker is considering a home purchase, I'd appreciate it if you'd have them give me a call at Anna Banana Realty, 602-595-8900 in Phoenix. It's also a great market for investors. Either way, we are your residential purchase specialists.
To check current listings or visit our website, click on Anna Banana Realty.
For a copy of our March newsletter and information about the new Tax Benefits, Pick me!
Happy St. Patrick's Day.