18720 N 101st Street Unit #3013, Scottsdale
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We'll Guide You Home. |
March update- HOT zip codes right now? Should I buy now?
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By Lisa Walowitz |
Believe it or not "I nerd out" (as my husband Eric calls it) quite often when it comes to the real estate market. I pride myself on wanting to learn more and know more every day! I want to know what REALLY is going on, not what the news is saying.
(If you ever want any more info on a certain area, just ask me!)
Knowledge is power.
One of the most asked questions I have gotten lately: "Is it a good time to buy? Are interest rates going to ever go down again?? I hear that prices are doing down too!" As you will see; homes that are in good condition and priced right ARE selling closer to their list price. Check out this market research data showing current home listing price per square foot compared to average price per square foot at sale transaction:
Current home price (per square foot) compared to price at sale. |
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List price: |
$286.10 |
Per Square Foot |
Sale price: |
$282.39 |
Per Square Foot |
Reduced prices: |
- $3.71 |
Per Square Foot |
WHY BUY NOW
Buy Now because NOW you have a chance to get larger seller concessions! The current market intel collected shows this trend that has developed below:
Date: |
% Sellers |
Median Concession $ |
March of 2018 |
36% of closings |
$4,500 |
March of 2019 |
40% of closings |
$4,671 |
March of 2020 |
33% of closings |
$4,000 |
March of 2021 |
13% of closings |
$3,000 |
March of 2022 |
14% of closings |
$3,500 |
March of 2023 |
47.9% of closings |
$9,000 |
This is a great position to be in if you need $$ to buy down your rate or $ for closing costs/repairs etc. This could help you BIG TIME.
Frenzy Zip codes
So what areas are HOT right now?
Top Activity Markets: |
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Zip Code: |
Price Range: |
Units Sold: |
85224 |
$325,000 - $950,000 |
17 Closing in March. |
85259 |
$475,000 - $1,500,000 |
16 Closing in March. |
85012 |
$425,000 - $1,250,000 |
7 Closing in March. |
85284 |
$600,000 - $836,000 |
4 Closing in March. |
85003 |
$425,000 - $1,500,000 |
3 Closing in March. |
As you can see I am passionate about this!
Please Contact me for any questions about real estate. I am your expert. Also follow us on instagram and facebook for fun and educational videos!!
Go to WalowitzGroup.com.
Or contact me at my personal email at lisa@walowitzgroup.com.
Hey, at the very least you'll get to see my husband and I being total nerds!
Real Estate • Real Relationships • Real Results
LISA V. WALOWITZ
Real Estate Purchases.
The Walowitz Group is dedicated to serving real estate buyers with all goals. We ensure that buyers can purchase real estate for the lowest possible cost we can obtain at the time of sale. As your representative, we will guide you through the process of making an offer, negotiating terms, getting inspections, navigating escrow, and more. This method really helps clients close on a purchase they feel satisfied about. We are here to be your advocate and we aim to achieve your goals, your happiness, and your satisfaction with the buying process.
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