Hastings Farms Real Estate Market Report January 2018

February 12, 2018

Hastings Farms Real Estate Market Report January 2018

The real estate market in Hastings Farms is moving along nicely as we move into 2018. The average days on market was 61 days and the average sales price was $297,689. The absorption rate for January was 1.06 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 January 2018, click on the link.

Hastings Farms Market Report January 2018

 

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 us for more information and to schedule a private showing of the home. There are also new build opportunities available in Hastings Farms and we would be happy to set up a private tour of the model homes for you.

View Homes for Sale in Hastings Farms

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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