How is West Valley real estate going? Depends, says The Arizona Republic in an article by David M. Brown.
That depends on the market niche: starter, move-up or luxury, said Justin Schlegel, a Realtor and Designated Broker, CSSN, CNE, YPN working from the Glendale Westgate City Center office of RE/MAX Preferred Choice.
He pegs $200,000 as the top end for price for those just getting into the market or into the market again following a foreclosure.
“It’s very competitive,” he said, with emphasis. “We are frequently seeing multiple offers, homes selling after only a few days on the market, and buyers are having a more difficult time obtaining concessions toward their closing costs, with this subsection shifting to a little bit of a seller’s market.”
Three main financing changes have affected this group this year, he said.
Related: Homebuilder allowing chickens at new development/Phoenix Business Journal
