Is it still a buyer’s market today in Casa Grande? What is the current state of the market? As experts in the Arizona real estate market, we get asked this question a lot given our more than a decade experience in real estate investing in Casa Grande, Arizona City, Maricopa, Eloy, Coolidge and other cities in Arizona.
The answer isn’t as simple as yes or no.
What is The State of the Market for Buyers in Casa Grande, Arizona?
First off, it really depends on the property type and location.
The state of the market will always depend on the property type and location. Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers are often looking for the same thing – we all want to have good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of that market.
But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Casa Grande, but seem to be rebounding as the rental market increases.
Investment properties are in demand. The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Arizona housing market in unique ways.
Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace. Sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.
Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring a lot of money for the down payment and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled out right before closing escrow, although it’s still getting better than it was just a couple of years ago.
It its main essence the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sound confusing? — It is. But We Can Help.
There’s a lot of shakeups in the US economy still taking place, and the markets are moving fast in lots of directions at once. Different experts have different forecasts on the state of the market this year. You can look it up and do your own research.
We’re investing in Casa Grande because we’re locals and we believe in the community and the people here. Thus, we are experts in the Arizona market.
If you need to sell a property near Casa Grande, Arizona City, Maricopa, Eloy, Coolidge and other cities in Arizona, we can help you. We buy properties like yours and help those who need to sell their house fast.
It’s time to talk to local experts about the State of the Market where your Arizona house is located.
Give us a call anytime (520)261-6116 or fill out the form over here today if you’re looking to sell your Arizona house fast!