In 2018 the real estate market in greater Phoenix is continuing its steady ascent.  We are experiencing solid price appreciation in the 6% range.  The overall supply of resale homes is approximately 2 months, which is a seller's market.  (A balanced market is 4 to 5 months supply.)  On average, homes get under contract in about 70 days.  The vast majority are "normal" sales... short sales and foreclosures account for less than 2% of our sales volume.  Arizona is the "poster child" of the real estate recovery.  All in all a steady, healthy, appreciating market.
What does all this mean for you?  For sellers... homes that are properly priced and show well will typically sell quickly.  The lower the price point the quicker the sale - homes less than $300,000 are the hottest segment of the market, luxury homes take longer as there is excess supply.  Similarly for buyers... you will have the easiest time at the highest price points and you will face more competition in the lower price points.  Regardless of your price point, it is important to be pre-qualified and ready to make an offer when you find a house you like.  Interest rates have risen slightly in recent months, but are still near their historical lows, between 4.5% and 5% as of this writing.

I am based in south Chandler, in the Ocotillo area.  In addition to Chandler, I help my clients buy and sell homes throughout the East Valley including Gilbert, Mesa, Queen Creek, Tempe, Ahwatukee (Phoenix), Maricopa, and Scottsdale.  For referral clients I also work in Phoenix and the West Valley. 

So whether you're planning on selling or buying, or if you just have a real estate question, feel free to call me at (602)284-8576 or email me at and I'll be happy to assist you in any way I can.

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Realty Executives Chandler
2745 S. Alma School Road 4 • Chandler, AZ 85286
Cell: (602)284-8576 • Realty Executives Chandler
Fax: (480)786-3108