Is The Market Cooling Off?

By Monique Walker

Monique Walker has 21 years of experience successfully buying and selling homes in the Phoenix market. She knows the neighborhoods, schools, and the local economy. Monique and her team do all the leg work, keeping you up-to-date with new listings and conditions as they impact the market.

Has the market cooled off? Yes and No! Although rates are between 5.25-5.5%, the Phoenix-Scottsdale real estate market is as hot as I’ve ever seen it in my 19 years of selling real estate.

I recently showed a 3,200-square-foot house in Arcadia that was listed at $2 million. It was only on the market for 30 minutes before it got an offer for $50,000 above list price. My team also put a home on the market in Chandler that was listed at $675,000. We received 18 offers, sold it for $753,000, and negotiated a free two-month rent-back for the seller. We also listed a 1,400-square-foot property in Gilbert for $525,000. We were able to bid up the price to $542,000.

Although we are noticing a slight shift in the market, there’s never been a better time to sell real estate. Call me if you’d like to take advantage of this killer seller’s market, and I’ll show you how my team’s performance will outsell all those promises out there. If you have any questions, don’t hesitate to reach out to me by phone or email. I look forward to hearing from you.