Hastings Farms Neighborhood Market Report September 2017

October 5, 2017

Hastings Farms Neighborhood Market Report September 2017

The real estate market in Hastings Farms is moving along nicely as we move into Fall 2017. The average days on market was 26 days and the average sales price was $298,984. The absorption rate for September was 1.8 and this number tells us that we are currently experiencing a “seller’s market” in the Hastings Farms neighborhood. If you are a home buyer, then the absorption rate will be important for you to consider when writing an offer on a home. If you are a home seller, then the absorption rate will be important for you to consider when pricing your home for sale.

Absorption Rates Defined:

1 – 4: If the absorption rate falls in the range of 1 to 4, then we consider that a “seller’s market” meaning there are fewer homes on the market for sale and therefore less competition for sales in the neighborhood. In a “seller’s market” a home seller may decide to price their home more aggressively based on the limited supply of homes on the market.

4 – 7: An absorption rate anywhere between 4 and 7 indicates a more balanced market where neither buyers or sellers have the upperhand. Homes that are priced well and show well will still sell relatively quickly in a balanced market.

7+ : An absorption rate greater than 7 tells us that there are more than 7 months worth of inventory of homes for sale in that neighborhood which will indicate a “buyer’s market.”

For a detailed look at the Hastings Farms Market Summary Sept 2017, click on the link.

Hastings Farms Market Summary Sept 2017

 

For more detailed information, please visit our blog: Hastings Farms in Queen Creek

Click below for a current list of homes for sale in Hastings Farms. If you see a home that interests you, then be sure to contact Karen Berg for more information and to schedule a private showing of the home. There are also many new build opportunities available in Hastings Farms and Karen would be happy to set up a private tour of the model homes for you.

View Homes for Sale in Hastings Farms

If you are interested in moving to the Hastings Farms neighborhood, or if you have questions about buying or selling a home in the area, then please do not hesitate to contact Karen Berg at 602.919.2375. Karen’s passion is working with buyers and sellers to help them realize their real estate dreams!

 

We are full-time, experienced Realtors working in Queen Creek and the surrounding areas.  With decades of East Valley real estate experience under our belts,  we are here to answer any questions you may have.  Please do not hesitate to reach out to Karen Berg at 602.919.2375 or April Anderson at 480.272.1977.

We’re looking forward to hearing from you soon!

Karen Berg and April Anderson

United Brokers Group
21321 E Ocotillo Rd F113
Queen Creek, AZ 85142

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