The toilets don’t drain the wrong direction and we’re not on the verge of summer here at All Phoenix Real Estate.com headquarters, but we’re gearing up for the high season just as many real estate agents are getting ready for the long winter leading to 2011 and the year, in theory, the Phoenix real estate market may finally show solid signs of recovery. (Or not. Does anyone have a Mayan calendar that discusses this?)
Unlike most agents, Tobey and I developed a niche in the retirement communities of the Phoenix real estate market; we concentrate mostly in the Northwest Valley – Westbrook Village, Ventana Lakes, Arizona Traditions, Sun Village, Corte Bella and the Sun Cities to name a few. As such, from late September until mid-March we are busy working with buyers descending upon the Valley from the Midwest, Northwest and Canada.
These buyers come down, along with those simply renting for the winter (read: people who don’t realize they’re buying yet as many do), because of the change in the weather as temperatures fall quickly from the 100s to the 90s, 80s and then 70s. And because that’s when the buyers arrive, that’s also when you start to see the inventory rise. For instance, in Westbrook Village there have been nearly a dozen new listings to hit the market in the last week ranging from relative bargains in Brookside Gardens to golf course casitas and homes elsewhere in the community.
The same is happening in active adult communities across the Phoenix area.
What’s nearly as interesting is watching the pricing on the properties … some have adjusted down to match last year’s drop in the market, others are priced as they would have been a year ago. And, amazingly enough, some will be purchased at that latter price. It’s a different world here.
Maybe not as different as the Southern Hemisphere, but still.
Want more information about a specific community or submarket here in Phoenix? We’re only a phone call or e-mail away.