Real Estate Market

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Featured Listing

For Sale: $600,000

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March 2018

Good News from Fannie Mae and Freddie Mac

Why You May Want to Consider a New Home this Spring

While the temperatures here in the Valley of the Sun may have us feeling as if spring is already here, the spring selling season will be here before we know it. Many homeowners who purchased between 2008 and 2011, where able to buy at the low point in our market, and today may have a large amount of equity built up.

It’s no secret that the amount of available homes for sale has been an issue for our market, and many markets across the U.S. We simply do not have enough homes to meet the supply of buyers looking to own. As of writing this article, there are less than 20,000 active homes for sale in Maricopa County through the Arizona Regional Multiple Listing Service (ARMLS). However, there is one market we haven’t seen much from in the recent few years – new homes.

If you have driven along Happy Valley heading west, you may have noticed a scurry of activity from construction workers pushing dirt, pouring concrete, and the return of the familiar flags flying in the air, indicating new home models nearby. There are over 400 new home options in Glendale and Peoria – and many more in Phoenix, Surprise, and other cities in the West Valley.

Here are a few reasons why you may want to consider a new home this spring:

  1. You can choose a floor plan that meets your current lifestyle needs
  2. All new, under warranty and top energy efficiencies
  3. New community amenities
  4. Advanced technology and design
  5. Affordable, low interest rates
  6. Built up equity that can be used for a large down payment
  7. That new home feel

If you aren’t sure of your current property values or wondering if you have enough equity to leverage yourself into a new home, please email or call us. We are happy to provide you with a comprehensive look into your home’s value, and help you determine if a new home this spring is the right decision for you. We anticipate a hot spring selling season, which is the perfect opportunity to take advantage of your home’s equity, the low interest rates and the new homes popping up across the Valley of the Sun!

We look forward to hearing from you soon!

Your real estate consultant for life, Nate

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Contact Information

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Nate Martinez
RE/MAX Professionals
7111 West Bell Rd. Ste. 101
Glendale AZ 85308
Fax: 602-532-7352

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