Peoria Real Estate Market Conditions & Reports, Peoria Market Trends, Arizona

Market Commentary Provided by Bonnie Evans
Contrary to the media, homes are selling very quickly. If the home is in good condition and priced well, the average days on market in less than a week. Folks are taking advantage of low interest rates and considering the great weather here, buyers are getting an opportunity to buy a second home. It is a great time to take advantage of this terrific market here in sunny AZ.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Bonnie Evans
HomeSmart Real Estate
Glendale, Arizona
602-316-0575
bonevans@cox.net
Agent Home Page

Nearest Metro Area

Buyers’ or Sellers’ Market

Equal buyers and sellers

Average Time on Market

30-60 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$125,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down more than 30%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Peoria is

Seller Activity for the past 90 days in Peoria is

Is Financing Available For Qualified Buyers in Peoria?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

NW area of Peoria including Vistancia, #1 Master Planned community in the nation.

Reason to Buy/Sell

Other

Average Sold Price

$125,000 - 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.

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