Selling Homes in Scottsdale, AZ
Scottsdale, Arizona, with its sunny weather and warm temperatures, continues to draw new residents every year. Yet sometimes, a home in Scottsdale stops meeting the needs of those who own it. Whether it’s too small or too large, a homeowner decides a new neighborhood is in order, or it’s simply time for a change, you may find yourself ready to sell a home in Scottsdale. Before you list your home for sale, it’s important to know if you’re selling at the right time. Here’s how you can know that it is the right time to sell a home in Scottsdale, AZ.
When Is the Best Time to Sell a Home in Scottsdale, Arizona
Because Scottsdale does not have a true winter season, any time of the year is a good time to sell. However, there usually is an upswing in interested buyers during the spring season, because this is when people are looking to find a home so they can move before fall and the start of a new school year. Still, the true measure of the best time to sell a home in Scottsdale is a look at the Scottsdale market’s trends.
Scottsdale has a hot market right now. Median home values are $479,500 for homes in Scottsdale as of the spring of 2019. That represents a 6.2 percent increase over the year prior. Over the coming year, the expected increase is 4.6 percent. Rent in the area is nearly $1,000 higher than the metro area as a whole, which indicates a healthy market for investors as well. The average sale price is slightly lower than the average value, with a median sales price of $360,400. Either way, you look at it, homes in Scottsdale are selling quite well.
What is driving the higher prices and growth of the real state market? One is population growth, Maricopa County, which includes Scottsdale, is the fastest growing county in the nation. People want to move to Scottsdale, and many of them need to buy a home. Also, Scottsdale currently has a low number of available homes for sale. A tight inventory means available homes will have a large number of buyers interested in them, which drives up prices.
So, what does this mean for those considering listing a home for sale in Scottsdale? High prices and high value both favor sellers. Those thinking of selling a home in the current market will find that they have many interested buyers and the potential to sell for a good price.
Sell Your Scottsdale, AZ Home Fast
Even with a market that favors sellers, the home sale process can be time-consuming and costly. You have to prepare the home for sale, get it ready for showings, and wait until a good buyer comes along. Then you have to negotiate the sales price, pay high commissions and closing costs, and wait for weeks until the process is complete. Skip all this and enjoy a faster home sale by selling to HomeGo. HomeGo will provide an offer on-the-spot, so you can move on with enjoying the Scottsdale lifestyle. Reach out today to sell your Scottsdale, AZ home with HomeGo.