Tis’ the season for falling temperatures and raising holiday decorations, but it is also a time for families to settle in and the local real estate market to slow.
We asked a few local Realtors how the holiday season affects residential real estate in Maricopa. Each looked at the situation from a different perspective, but all came to the same conclusion.
Pat Lairson, Coldwell Banker Residential Mortgage
“Most people either want to move before Christmas of after the first of the year. I have noticed a slowing down the last two weeks of [December]. Because of this, Realtors get a little more time to enjoy the holidays with their families.
“On another note, if you want a tax write-off for 2015, you must close by Dec. 31 and some people try to complete transactions by then.”
Dayv Morgan, HomeSmart Success
“The holiday season tends to slow the market down in Maricopa. Despite the cooler weather there is really not a big frenzy of snowbirds coming to buy during November and December, as some might suppose. Most people would rather be settled for Thanksgiving and Christmas than packing boxes or unloading a moving truck, and the holidays can be overwhelming enough without the added costs and stress that go into buying and selling a home.
“Typically, after the New Year holiday, we start to see demand increase again. For the last 12 months, November and December were the slowest months for getting homes under contract. The combined total of pended listing for November and December of 2014 (85 and 87, respectively) is still less than the 174 listings that were pended in March of 2015.”
Terry Sperry, Coldwell Banker Residential Mortgage
“Even though it’s a busy time of year full of holiday activities, as a general rule it seems there are fewer buyers out looking at that time, but the buyers who are looking are often seriously looking to buy. With our winter visitors, though, they are always looking while they’re here – especially since they may not be visiting family over the holidays.
“If you are a seller, homes conservatively dressed up for the holidays give a festive, inviting look to your home and put the potential buyer in a homey mood.”
This story was published in the November issue of InMaricopa News.