By Pat Lairson
There does not seem to be any slowdown in the Maricopa real estate market.
With school out, many families are now free to move in the upcoming summer months. Homes prepared to sell, meaning they are decluttered, clean, paint and landscaping in good condition and priced right, are moving very quickly.
If you are a seller, be prepared to see offers where the buyer asks you to pay some closing costs. It is common with the current lending grant program for buyers to also need some help with they’re closing costs. These offers usually are at or above list price, though.
Right now, the number of active listings and homes under contract is even-steven. We have about 280 homes available for sale and about 280 homes under contract, too. This should give you an idea of the pace we are in right now. Since January, 655 homes have closed in Maricopa.
If you have not driven around Maricopa’s various subdivisions in a while, you probably don’t realize how many empty lots are being completed. DR Horton is still building in Homestead in their gated community and in The Villages. They will begin in Glennwilde and Santa Rosa Springs soon. Fulton will be filling in the rest of the empty lots in Glennwilde this summer. LGI is now building in Rancho Mirage, and KB Home is still completing Desert Passage and parts of Homestead.
As you can see, there is a lot going on. If you are selling or buying in Maricopa, using an agent who lives and works in Maricopa is most important. Knowing the area and the market will help ensure an easier and more profitable transaction for you.
The Maricopa Real Estate Company
This column appears in the June issue of InMaricopa.