The Cromford® Report provides detailed information to track the history and current status of the Greater Phoenix residential resale market. According to their statistics, Anthem’s average sales cost per square foot (as of July 3rd) is $121.81 and $126.67 for the year.
Cave Creek is at $181.71 and $169.89 respectively. For the greater Phoenix area: $130.49 for the month and $125.37 for the year.
What does this mean to you?
If you are looking to sell, you will need to be patient, as homes are increasing their days on market. Choose wisely – you will need an aggressive Real Estate Professional, who will market your home accordingly. The value and appeal of your home is crucial to getting it sold within an optimum time period.
If you are a buyer – Lucky YOU. Our long running seller’s market is now a Buyer’s Market. Pricing is more advantageous – however, financing may be your challenge. Therefore, do your homework! Get to your lender of choice – and if you do not have one – have your professional Realtor give you a few names to choose from. Find out what you can afford prior to going out on your search. It makes your life so much easier when you find your perfect home.