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.”
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.
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!
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!