San Tan Heights Market Report March 2017

April 4, 2017

San Tan Heights Market Report March 2017

The real estate market in San Tan Heights is going strong already in 2017. The average sales price for March 2016 was $188,793 which is down 3.44% from the previous March. The days on market are hovering at 52 days. The absorption rate for March was 2.12 and this number tells us that we are currently experiencing a seller’s market in the San Tan Heights 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 upper hand. 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 San Tan Heights Real Estate Market Report, click on the image below:

Market Summary Report San Tan Heights March 2017

For more detailed information on the neighborhood, please visit our blog: San Tan Heights in San Tan Valley

The list below shows the current Homes for Sale in San Tan Heights in San Tan Valley Real Estate. 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.

View San Tan Heights Homes for Sale

If you are interested in moving to the San Tan Heights neighborhood, or if you have questions about buying or selling a home in the area, then please do not hesitate to contact us. Our 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

San Tan Heights Homes for Sale | San Tan Valley Real Estate

Price Change - yesterday
$199,600
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,448
SQFT
2223 W Kristina Avenue
Queen Creek, AZ 85142
San Tan Heights Subdivision
New Listing - 7 days online
$220,000
Single Family Home For Sale
Under Contract Backups
4
BED
3
TOTAL BATHS
2,571
SQFT
3237 W Carlos Lane
Queen Creek, AZ 85142
San Tan Heights Subdivision
New Listing - 3 weeks online
$236,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
2,363
SQFT
3403 W White Canyon Road
Queen Creek, AZ 85142
San Tan Heights Subdivision
New Listing - 2 weeks online
$278,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2,096
SQFT
2863 W William Lane
San Tan Valley, AZ 85142
San Tan Heights Subdivision

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602.919.2375