Blog > May 2024 - Phoenix Market Report
Phoenix/Scottsdale Area Market Update: A Tale of Two Opportunities (May 2024)
The Greater Phoenix housing market is experiencing a shift, and depending on your goals, it could be the perfect time to make your move. Here's a closer look at what this means for both buyers and sellers:
Buyers: Breathe Easy, Your Dream Home Awaits!
Feeling overwhelmed by the bidding wars of the past? You're not alone. The good news is, those days are (mostly) behind us! This market offers a welcome change for buyers:
- More Inventory, More Choice: Imagine browsing through beautiful homes at your own pace, no more elbow-to-elbow showings! With increased inventory, you have the freedom to find a home that truly checks all your boxes, be it a charming bungalow in Arcadia or a spacious family home in Paradise Valley.
- Competitive Advantage: Gone are the days of desperate offers above asking price. This balanced market allows you to negotiate a fair price that fits your budget.
- A Brighter Rate Future: While mortgage rates are still higher than in recent years, experts predict a drop below 6.5% by the end of 2024. This could open the door to even greater affordability and make homeownership a reality sooner than you think!
Don't Miss Out on Your Dream Home!
Ready to turn your homeownership dreams into reality? The VanAscche Group is here to guide you every step of the way. We can help you navigate through the current market, identify the perfect property, and secure a fantastic deal. Contact us today for a free, no-obligation consultation! Let's discuss your needs and find your dream home in this exciting new market landscape.
Setup a meeting with Broker David VanAssche here:
Sellers: Time to Polish Your Gem and Shine!
The idea of selling your home "as is" might be a thing of the past for now, but it doesn't mean you can't achieve top dollar! Here's why a strategic approach is key:
- Buyers Have Options: With more inventory, buyers can be more selective. Make your home stand out with a little pre-sale TLC. Think about refreshing outdated paint colors, updating light fixtures, or tackling those minor repairs that have been lingering on your to-do list. We require our clients to obtain a pre-listing inspection... it saves our clients THOUSANDS during repair negotiations on a regular basis. Buyers know what they are getting up front - and aren't able to negotiate as strongly for discounts/repairs as a result!
- First Impressions Matter More Than Ever: Buyers today crave move-in-ready options. Investing in professional photos, staging your home, and showcasing its best features can significantly reduce the time it takes to sell and attract top offers.
- Negotiation is Key: This balanced market means buyers and sellers will come together to find a fair price. VanAscche Group's expert negotiators will ensure you get top dollar for your home, while ensuring a smooth and successful transaction.
Get Top Dollar for Your Home!
The VanAscche Group is your trusted partner in navigating the Phoenix/Scottsdale market. We can help you create a winning sales strategy, ensure your listing shines online and offline, and negotiate on your behalf to get the best possible price. Don't let this opportunity pass you by! Contact us today for a free consultation and let's discuss how to get top dollar for your home in this evolving market.
Remember, whether you're a buyer looking for the perfect home or a seller ready to move on to the next chapter, The VanAscche Group is here to make your real estate dream a reality. Contact us today!
Setup a meeting with Broker David VanAssche here:
