Show Low Real Estate Market Conditions & Reports, Show Low Market Trends, Arizona

Market Commentary Provided by Kelly Oby
If you can qualify, now is an exceptional time to buy a home in Show Low. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 928-386-5392

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Kelly Oby
Vernon Realty
Vernon, Arizona
928-386-5392
white_mountains_az@yahoo.com
Agent Home Page

Nearest Metro Area

Phoenix

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

More than 120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$175,000 - View Graph Trend

Best Selling Price Range

$100,000 - $149,000

Worst Selling Price Range

$1,000,000+

Compared to Last Year

Down 20-25%

Prices As % of Asking Price

80-85%

Multiple Offers?

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Show Low is

Increasing

Seller Activity for the past 90 days in Show Low is

Increasing

Is Financing Available For Qualified Buyers in Show Low?

Yes

Existing Home Prices for the past 90 days are

Decreasing

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

10-15%

Housing Hot Spots

Vernon

Reason to Buy/Sell

Lower prices with good selection and competitive interest rates creates a perfect time to buy in Show Low!

Average Sold Price

$175,000 - 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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