Relocation statistics reported that more than 60 000 people move from other states to Arizona in a year. This makes this state one of the fastest growing in population in the whole country. This is creating a high demand for real estate, which is impacting the housing market and how buyers and sellers have to navigate the market.
In this episode, REMAX Alliance agent, Mark Toon shares how he’s helping buyers and sellers in this market, what he loves about East Mesa and why Arizona is growing so quickly.
Key Points
In low inventory markets, people need to adjust their expectations
A good amount of inventory is a 90-day supply, and many markets in Arizona are way below that. In a low inventory market, buyers have to be prepared for multiple offers, and also for price adjustments.
Why people want to move to Arizona
The Arizona market promises to continue on an upward trajectory because of the growth of the population. It’s an attractive market for many reasons including lower property prices and taxes and a continued growth in income.
Well-maintained homes attract buyers
This is a great market for sellers! Even if you don’t have the newest home, if it’s well-maintained, it will attract buyers. Most buyers want the home already done, they want it to be fixed up. If the client has a nice home, and it has been kept in great condition, it’s going to sell pretty quickly.
Want to hear more about Mesa, Arizona?
Check out these other episodes featuring neighborhoods in or around your city!
- Cindy Flowers On Val Vista Lakes and Helping Clients Take the Right Action in a Competitive Inventory Market
- Kevin Barry on Lindsay Ranch, AZ & Setting Buyers Up For Success in a Tight Inventory Market
- Ann Schude On Gilbert, Arizona & The Power of Hyper Local Expertise