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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Queen Creek. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Kathleen: 480-220-7545
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| Average Home Price | $125,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 10-30 days |
| Best Selling Price Range | $100,000 - $149,000 |
| Worst Selling Price Range | $550,000 - $599,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Queen Creek is | Increasing |
| Seller Activity for the past 90 days in Queen Creek is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | With limited inventory and numerous buyers, properties are getting muliple offers. Investors and owner occupants are an equal share of the buyer pool. We need more inventory!! |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Limited Supply |
| Inventory Comments | There is limited inventory, especially of nice clean homes. Buyer interest is growing, interest rates are super low so homes are flying off the market! |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Phoenix |
| Housing Hot Spots | Gilbert, San Tan Valley and Chandler |
| Average Sold Price | $125,000 - View Graph Trend |
Queen Creek Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 9th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.66%
15 yr. jumbo rate: 3.99%
Home Values
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