This image taken by drone shows the Tortosa community, where builders are constructing new homes. Photo by Kevin Vasquez
By Brian Petersheim | InMaricopa
The Maricopa real estate market strongly favored sellers for much of the year. And though 2020 will be forever ingrained in our minds for the coronavirus and crazy elections, we can now add huge home value gains.
The end of 2019 was classified as a “slight” seller’s market, but by the middle of January 2020, it had become a “strong” seller’s market, which continued throughout the year. The year was filled with buyers losing out on dream homes even though offering full price – and sometimes more.
On the seller’s side, the first weekend of a listing meant many showings and multiple offers for their home. The strong seller’s market was not just confined to the city of Maricopa. Real estate agents all over the Valley were struggling to get their buyers’ offers accepted with the low home inventory.