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Market Trends
Commentary Provided byNick Neill It is a great time to buy! The recent real estate activity has been very strong. We have been seeing multiple offers on properties and homes that are priced well are selling quickly. First time buyers have a great opportunity and 8,000 tax credit. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Phoenix | ||
| Buyers’ or Sellers’ Market | Equal buyers and sellers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | The market is very active right now, and we are seeing multiple offers on a daily basis. | ||
| Average Home Price | $200,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $500,000 - $549,000 | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | Yes | ||
| Multiple Offers Commentary | The market for homes under 400,000 dollars are getting multiple offers on them. | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Litchfield Park is | Increasing | ||
| Seller Activity for the past 90 days in Litchfield Park is | Increasing | ||
| Is Financing Available For Qualified Buyers in Litchfield Park? | No | ||
| Comments on Financing For Qualified Buyers | It will depend on loans programs and the conditions of the home. | ||
| Existing Home Prices for the past 90 days are | Increasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% | ||
| Housing Hot Spots | DREAMING SUMMIT, WIGWAM CREEK, VILLAGE AT LITCHFIELD PARK, PALM VALLEY, RUSSELL RANCH | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Litchfield Park! | ||
| Average Sold Price | $200,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Nick Neill
Cozland Corporation Real Estate Services Glendale, Arizona 602-291-5324 nick@theneillgroup.com Agent Home Page 
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Litchfield Park Local News
News for Litchfield Park, AZ - Monday June 22nd, 2009 12:20pm
5 Home available in Russell Ranch! Gated community with acre home lot in Litchfeild Farms! Call for more information. Talk to you soon!
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