The Traditional Resale Boom…What no one is telling you.

The myth is the real estate market in the Phoenix Metro area is stagnant.  Short sales and foreclosures abound and it’s a buyer’s market because nothing is selling.

WRONG.  Oh, we have short sales and foreclosures.  But here’s the thing….many buyers are tired of trying to deal with them.  I spoke with an agent yesterday who said her buyers didn’t want to deal with another bank owned property.  They were tired of waiting for a bank response and hearing that there were multiple offers on the property and that they should submit their “highest and best offer”.  The standard bank response.

Multiple offers are the norm on these bank owned deals and the price is usually driven up thousands above list price if the house is in anywhere close to being in decent shape.

So that leaves traditional resales and that’s a market that’s BOOMING! We’re seeing homes sell in days and often with multiple offer situations.

Buyers are left scratching their heads as they wonder what happened to the buyer’s market they’ve heard about as the home they thought they had time to think about is sold before they can write an offer on it.

My question is…why isn’t the media reporting this?  It’s really great news for traditional sellers in the Valley…I just wish they knew!

Here’s just a snapshot of the traditional Real Estate Market in the Phoenix Metro East Valley based on a few of my most recent sales~

Listed this home in Sun Lakes on March 3, 2011.  Received an offer 3 days later.  SOLD!

Home for sale in Sun Lakes AZ

Listed this home in Chandler on April 5, 2011.  Received 3 offers in the first 8 days.  SOLD!

House for sale in Sun River

Listed this home in Chandler on April 4, 2011.  Received an offer the first day.  SOLD!

Home for sale in Chandler

Listed this home in Mesa on March 17, 2011.  Received an offer on the 18th Day.  SOLD!

Home for sale in Mesa az

Listed this home in Chandler on April 10, 2011.  Received an offer yesterday..after just 4 days.  Will it be sold?  Now that you’ve got the real facts…what do you think?

Home for sale in Chandler

 

 

About Amy Jones Group

Amy Jones is the owner of Amy Jones Group Keller Williams Integrity First. The Amy Jones group has been recognized as the #1 Real Estate Team in Chandler by the Phoenix Business Journal and voted Best of Our Valley for 4 years.

The Amy Jones Group specializes in real estate in Chandler, Sun Lakes, Gilbert, Mesa, Tempe, Ahwatukee, and Phoenix.