Phoenix Housing Market Update April 2017

April 19, 2017

Phoenix Housing Market Update April 2017

Of course, our Queen Creek Real Estate market varies slightly from the Phoenix Housing Market Report, but most of the data is still applicable for our local housing market. The Market Report for Queen Creek and the San Tan Valley Market Report provide a more detailed look at the numbers for our region. Thanks to my amazing colleague, Beth Cox, Lead Market Analyst for United Brokers Group, I am able to provide you with the following information regarding the Phoenix Arizona Housing Market Report.

“The gentle squeeze on buyers continues. From February to March 2017, average sold price for properties in Metro Phoenix rose again by 0.7%, to $289,553. Demand soared with 9275 closed properties in March, a whopping 41.9% more than February! This momentum toward increased demand, paired with only a 5.2% increase in supply of active listings, spells out multiple offer scenarios and likely another substantial price jump about to happen in April for homes in most areas and price ranges. New build activity is bustling, and Q1 of 2017 saw 24% more land sales than Q1 of 2016, both additional signs of healthy demand and a swelling population while interest rates remain in the low 4% range. Your trusted agent has a finger on the pulse of the market and can help guide a property valuation for a potential listing or purchase.” Data sources: realtor.com, ARMLS, and freddiemac.com.

Phoenix Housing Market Update April 2017:

April 2017 Market Update

As full-time, experienced Realtors living and working in the areas of Queen Creek and San Tan Valley Arizona, we are always available to answer your real estate related questions. If you are interested in buying or selling a home in Queen Creek or San Tan Valley Arizona, or if you would simply like a FREE market analysis of your property, then please do not hesitate to contact Karen Berg at 602.919.2375 or Keely Semon at 480.220.1321.

Of course we’d love to help you any time you need to buy or sell, but we’re also here for you any time you have a question about the market. You can also feel free to call if you’re simply curious about the listed or sold price of a house down the street. We’re looking forward to hearing from you soon!

Karen Berg and Keely Semon

United Brokers Group
21321 E Ocotillo Rd C108
Queen Creek, AZ 85142
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