Ironwood Crossing Real Estate Market Report January 2018

February 14, 2018

Ironwood Crossing Real Estate Market Report January 2018

The real estate market in Ironwood Crossing is moving along steadily as we move into 2018. The average days on market was 66 days and the average sales price was $299,788. The absorption rate for January was 1.91 and this number tells us that we are currently experiencing a “seller’s market” in the Ironwood Crossing 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. There are still many options available for new construction homes in Ironwood Crossing, so please don’t hesitate to reach out for more information. Don’t forget to bring us with you on your very first visit to the model homes so we will be able to represent you on your new home purchase and negotiate the best possible deal for you!

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 Ironwood Crossing Market Report January 2018, view the graph below or click on the link.

Ironwood Crossing Market Report January 2018

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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