I'm sure some of you are ready to go into panic mode. The year 2005 was a phenomenal one when it came to Phoenix and East Valley area real estate. Some signs are pointing to a bit of a slowdown and that scares people. Here are some facts to help keep you centered: ? Phoenix is among the top five fastest growing cities ? People are flocking to the desert ? High-end retailers are buying land for stores in the area ? Queen Creek, Gilbert, Chandler, among others are hot markets ? It's always the right time to own a home in or near Phoenix ? If you love sun, this is your place in it For some reason people are always ready to "freak out" when it comes to the subject of real estate.
They worry about whether it's a buyers or a sellers market. They want to buy or sell at exactly the right time in order to maximize their investment/ profit. If they wait too long to buy or sell interest rates will go in the wrong direction. If this sounds familiar, not to worry as you're not alone. Most people agonize about the perfect time for a real estate transaction. The truth is that the Phoenix area is still expanding and will continue to do so.
New communities are springing up and some of the best of them are in the East Valley. Along with the new homes there are roads, schools, shopping centers, business complexes, and lots of places to dine out and play. All of these are signs of a growing population and economy and that's a good indicator that Phoenix real estate is holding up well. Recent trends show that housing inventories tend to go up in the winter months. Not that Phoenix has what most would call a real winter, but it's still a time when people take deep breaths after the holidays and put some of their business on hold. If you try to sell a Phoenix or East Valley home during this period you may worry because it isn't snapped up overnight.
During the real boom times homes may sell the moment they're listed or even start bidding wars. If this isn't happening for you right now it isn't something to be concerned about. Those super hot times are rare; history shows that real estate markets even out over the years. Your house will sell, especially if you price it realistically. I can certainly help you with that and still ensure that you come out on top.
If you're in the buying mode, there are plenty of beautiful houses both in the city and the smaller towns. Phoenix is known for its casual lifestyle with luxurious amenities. It doesn't matter if you want a condo, townhouse, manufactured home, a mansion, or something in between. You'll find your perfect home here. It's true that real estate is serious business since it relates to your hard earned money.
The important thing is to always maintain a positive attitude. There is no way you can lose in the Phoenix area real estate market.
Click here to get a free copy of Jeff Nelson's, "7 Tips Every Home Buyer Should Know," a 10-page report that describes what a home buyer should know before making that very important purchase.