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November 2017 RE/MAX National Housing Report

by Lisa Bray

November 2017 RE/MAX National Housing Report

Despite record low inventory for the month, October home sales increased 2.5 percent year-over-year and kept 2017 prices ahead of 2016, according to this month’s RE/MAX National Housing Report. Thirty-seven of the fifty-three metro markets in the November RE/MAX National Housing Report posted sales increases over October 2016. Meanwhile, inventory gauges were at their lowest point for an October in the report’s nine year history. The Months Supply of Inventory dropped to 3.3 – the lowest for any October in this housing report. It was mirrored by the Days on Market average of fifty-one days, also a new low for October for the report and a full week faster than the selling rate of homes in October of last year.

The Median Sales Price of $224,000 increased 3.3 percent over last October and was $19,000 higher than the same month in 2015. The median price remained on a par with the prices of last spring that kicked off the peak summer selling season.

“The housing market is steady and at least somewhat predictable with record-low inventory and increasing prices in markets across the country,” said Adam Contos, RE/MAX Co-CEO. “With job growth and increased household formation, buyers will struggle and may even be priced out of the market until home building catches up.”

The average Days on Market for homes sold in October 2017 was fifty-one, up two days from the average in September 2017, and down seven days from the October 2016 average. To access the housing report infographic, visit: rem.ax/2cYFT50. If you would like to sell your Arizona home or find the perfect home for sale in the West Valley, please contact Lisa Bray. I will be happy to provide a free market analysis of your home, and I am deeply committed to helping you reach your real estate goals on step at a time.

Lisa Bray

RE/MAX Professionals

www.LisaBray.com

602-762-3691

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“Delivering More than Just a Home”

Welcome to Goodyear

by Lisa Bray

Welcome to Goodyear

If you’re looking to move to the “valley of the sun,” you’ll likely research all the different cities to find what they have to offer and how they can best suit your needs. Whether you’re relocating to the state of Arizona or just moving to a new city, you’ll find Goodyear, AZ is an ideal locale that offers a diverse community rich with cultural activities, recreation, and growth. Once the recipient of the All-America City Award in 2008 and named one of the five "Most Livable Cities" in America, it’s no wonder so many residents are falling in love with this beautiful city! So welcome to Goodyear. Here’s why you’ll want to make it your home.  

Entertainment and Shopping: Goodyear, AZ is a part of the beautiful west valley where there are plenty of options for entertainment and shopping with a growing list of top choices for dining out. You’ll find the Wigwam Resort, the perfect venue for events, pampering, dining, and more located minutes away from Goodyear. The local hotspot of the Westgate City Center on the 101 Loop freeway offers a movie theater, a stadium to see your favorite sports teams and bands as well as tons of shopping, restaurants, and bars.

Outdoor Recreation: If you love to get outside, you’ll find the 300 plus days of sunshine in Goodyear to your liking…as long as you don’t mind a little sweat and sunscreen. You can enjoy the many beautiful public parks, golf courses, and trails available throughout Goodyear and the west valley. Outdoor enthusiasts will fall in love with the hiking trails, such as the ones located at Estrella Mountain Regional Park. If you love to play, the popular 55-acre Friendship Park houses soccer and baseball fields, tennis courts, playgrounds, ramadas, a dog park, and even a charming Japanese Garden.

Community Services: Residents who love being a part of the community will love the communal spirit that radiates in Goodyear. Whether you’re looking for a cause to volunteer for or services for you and your family to enjoy, there’s something for everyone. Goodyear and the west valley offers the Wildlife World Zoo and Aquarium, performing arts sponsored by the West Valley Council, and air shows hosted by Luke Air Force Base just to name a few of the many available things to do. Sports lovers will appreciate the Goodyear Ball Park where they can watch games see their favorite players during spring training in addition to the many fun events hosted there.

Does Goodyear sound like the kind of place you want to call home? Contact Lisa Bray for real-time west valley listings and a complementary market analysis of your home.

Lisa Bray

RE/MAX Professionals

www.LisaBray.com

602-762-3691

Join me on Facebook!

Search the MLS Now!

“Delivering More than Just a Home”

Displaying blog entries 1-2 of 2

Contact Information

Photo of Lisa Bray Real Estate
Lisa Bray
RE/MAX Professionals
10320 W McDowell Rd, Suite B2005
Avondale AZ 85392
(602)762-3691
Fax: (888)277-2250