Have you been sitting on the fence, trying to decide and "time the market" on the best time to buy a home? Well, those that had wondered and acted getting their head out of the cloud and got "off their seat on the fence" have seen their Phoenix area homes double in price during the past 5 years. Home ownership is the American dream and a chance to build equity and see your home appreciate. May be time to get off the fence and give me a call or text at 480-242-6500 for Homes For Sale in Phoenix Metro. (Fence photo- MabeAmber from Pixabay)
Metro Phoenix’s median home price should hit another record $470,000 in April and will likely increase again to $475,000 by mid May (once final numbers come in) per the Arizona Republic on May 2, 2022.
Home prices have about DOUBLED since 5 years ago in the Phoenix Arizona metro including Scottsdale, per Catherine Reagor in the Arizona Republic on February 27, 2022
Those that have bought homes in the past 5 years have seen their homes double in price. (Photo: Home Equity and Selling Price increases from Pixabay)
Median House Prices Last 3 Years in Phoenix Arizona Metro
$475,000 May 2022 (forecast from MLS contracts in system)
$470,000 April 2022 (Expected pending final numbers)
$460,000 March 2022
$450,000 February 2022
$427,000 December 2021
$333,000 December 2020
$290,000 December 2019
Current Homes For Sale (Detached Single Family) For Sale in Phoenix Metro
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Moving to Sunny Arizona
"The Valley is drawing many new residents from higher priced areas who can pay the rapidly rising prices....Many of the people moving to the Valley are coming from San Francisco, Los Angeles, Chicago and New York where home prices are much higher." Currently we have the demand for homes in the Phoenix metro but the supply of individuals willing to sell their homes is low. Until the supply equals the demand home prices are expected to rise as long as people can afford to buy the homes.
Are you ready to move...think about the sunny Phoenix metro in Arizona? Yes prices are on the rise but rising mortgage rates are still closer to historic lows at 5.1% than highs. Both home prices and mortgage rates are expected to rise further in 2022.
Living in the Phoenix Metro Area including Scottsdale
Jeff Masich discusses living and buying a home in Phoenix metro area and Scottsdale
Meet Jeff Masich REALTOR® Phoenix Metro Area including Scottsdale
Meet Jeffrey Masich, REALTOR® and call 480-242-6500 to get started
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