I hear this question every day. Sellers are getting a bit nervous, thinking at some point prices will come down, and of course buyers are hopeful. At some point home prices will come down; it always happens. The best way to find out is to look at the current housing numbers.
Currently, 45 single family homes, 17 townhomes and 8 condos are for sale in Green Valley, and Quail Creek has another 15 homes for sale. Meanwhile, 60 single family homes, 44 townhomes and 5 condos are under contract in Green Valley; with 16 homes under contract in Quail Creek. In the past 6 months, a total of 644 homes sold in Green Valley and 91 in Quail Creek.
Only 3 single family homes/townhomes under $200,000 are for sale. Now that’s slim pickings!
If you compare the numbers from a few months back not much has changed. We do have a bit more inventory since some of our recently returned snowbirds have decided to sell while prices are high.
Prices in Green Valley are at an all-time high, so if the market is slowing down, I don’t see it.
I have over 40 years of experience selling homes in southern Arizona, so if you need a REALTOR®, call me, your Local Green Valley Real Estate Expert, Scott Chancellor, Associate Broker, Realty Executives Arizona Territory at 520-360-6973, Scott@MrGreenValley.com www.MrGreenValley.com.
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