The real estate market in Phoenix has been booming for years—perpetuating a sellers’ market. For sellers looking to optimize this already lucrative business venture, now is the best time of year to sell a home! According to Zillow, homes that are listed in the second half of April can receive 2.8% more than they would typically sell for.*
Here are three reasons why now, in particular, is a smart time to sell:
The beautiful Arizona weather can motivate people to move to the state
Arizona has beautiful weather year-round, but especially during the cooler spring and fall months. Buyers may be inclined to visit before the heat kicks up to get a feel for the state they are moving to, and are welcomed by sun and gorgeous landscapes that surround Phoenix. Take advantage of the weather by getting your home listed before the triple digit temperatures start.
Current competitive market
The market is competitive and inventory across the Valley is low. Sellers are receiving multiple offers on a home, allowing them to pick and choose an offer based on their needs and how much profit they will receive. Therefore, as a home seller, you can take advantage of this competition to get the price you want (and possibly even over-ask)!
Soaring home prices in Arizona = higher profits from home sales
Phoenix is seeing record home prices, with the average home now at $459,000 (according to Realtor.com).** Now is an excellent time to take advantage of these high sales prices to get a huge return on investment for your home. Between the spring visitors, and the increasing home values, will be in a great place to sell your home.
If you can, get your home on the market as soon as possible before the summer months hit! You can turn a huge return on investment into an even higher one if you list at the right time!
Rich La Rue is the Designated Broker for HomeSmart Phoenix the flagship brokerage operation in the HomeSmart system. La Rue has more than 38 years of experience in real estate sales and management from real estate offices to regional and national operations. La Rue began his career in real estate in 1983 in Phoenix, Arizona as a sales associate. In 1986 he earned his Arizona Real Estate Broker’s License. He also holds a California Real Estate Broker’s license, GRI, CRS, and CRB designations as well as the e-PRO and the SFR certifications. For more information, visit www.richlarue.com.