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January Home Sales Set a Record Pace

by Lisa Bray

January Home Sales Set a Record Pace

January home sales set a record pace according to the recent February 2017 RE/MAX National Housing Report. In fact, last month topped all other Januarys in the report’s nine-year history with the most sales, highest sales price and fewest days on market. In the fifty-three metro areas surveyed, total sales were up 4.5 percent over January 2016, which was previously the January with the most sales.

The Median Sales Price of $208,500 was up 4.3 percent and marked the tenth consecutive month of year-over-year price increases. The new January low of sixty-six Days on Market underscores the fact that inventory has declined year-over-year for ninety-nine consecutive months dating back to October 2008. Based on the rate of home sales in January, the Months Supply of Inventory was 3.8, compared to December 2016 at 4.2 and January 2016 at 4.6. A 6.0-month supply indicates a market balanced equally between buyers and sellers.

“January may have set the tone for the coming home-buying season with homes selling faster and at higher prices,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “Home-buyer demand is strong, and not enough sellers are listing to keep up with the demand, despite rising prices. At any rate, the beginning of 2017 continued the strong pace of 2016.”

Get your copy of the February 2017 RE/MAX National Housing Report here. If you’re ready to buy an Arizona home or sell your Arizona home, contact Lisa Bray today and receive a complimentary analysis of your home's approximate present value on the market today. Your complete satisfaction with her service and representation is my number one priority!

Lisa Bray

RE/MAX Professionals

www.LisaBray.com

602-762-3691

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12th Annual Heart and Sole 5K Returns to Goodyear

by Lisa Bray

12th Annual Heart and Sole 5K Returns to Goodyear

February is National Heart Health Month so it’s only fitting that the 12th Annual Heart and Sole 5K returns to Goodyear this month. According to the CDC, heart disease is the leading cause of death for both men and women. About 610,000 Americans die from heart disease each year—that's one in every four deaths. Coronary heart disease is the most common type of heart disease, killing about 365,000 people in 2014. So if you’re looking for a great way to get exercise and spread awareness, then the 12th Annual Heart and Sole 5K is for you!

The family friendly event takes place Saturday, February 11th at 9:00 a.m. at the Goodyear Ballpark located at 1933 S. Ballpark Way. The 12th Annual Heart and Sole 5K race is sure to be a great time for serious and recreational runners alike! The Heart and Sole Race also features a one Mile Family Fun Run/Walk for those of you who would like to introduce your little ones to the benefits of running! Vendors will also be on hand to help educate and show runners and walkers the best way to take care of themselves from head to toe.

Want to know more? Visit goodyearaz.gov for more details and registration information. For more fun things to do in Goodyear and other local west valley events happening in your neighborhood this spring, please contact Lisa Bray today.

Lisa Bray

RE/MAX Professionals

www.LisaBray.com

602-762-3691
Join me on
Facebook!

Search the MLS Now!

“More than Just a Home”

Displaying blog entries 1-2 of 2

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