GREEN VALLEY REAL ESTATE
May Update
Hi folks,
Hope you are enjoying our warm(er) weather, and if you have headed to your summer residences, we hope your trips are/were safe.
Some interesting things are happening in the local real estate market. First of all the overall stats for 2010 show things are a little off from 2009, which was a very bad year, (as we all recall). However, in the last 3-4 weeks, it appears that everything has pretty much flattened out with last year, i.e. same number of properties going under contract each week as the corresponding week last year. Same number closing as last year, and the inventory, while still high, is pretty constant. We take this to mean that we are at, or near, the bottom of the market.
There are some buyers out there and there are gfreat buys out there. Sellers who want to move up are realizing that if they take a significant loss on the sale of their home, they will recover it when they purchase the next one. We are getting contacted daily by people from out of state who are interested in making the big move to Arizona. Homes that were selling for $450,000 3-4 years ago are now selling for less than $300,000 in many cases. What an opportunity!
The Baby Boomers are starting to show up. There are 75,000,000 of them and surveys now show that at least 20% of them want to come to the Southwest. That is 15,000,000 people. Recent storms in the Southeast and the big oil spill could drive that figure even higher. We don’t seem to have tornadoes, hurricanes, earthquakes or oil spills here. Just sunshine and outdoor recreation every day of the year.
Please contact us with your specific interests and we will apprise you of the particulars that will suit your needs. This could be the best time to make your move.
Again, we wish you a happy summer and look forward to assisting you in the
The Pursuit of Happiness…YOURS!
As always, thank you for your business, your friendship, your support and of course, your referrals.
Til next time,
JILLandPETE