Hello everybody! Welcome back to Suburban Snacks, where we inform you of current Real Estate topics and review a different food item every month! This month’s snack is Bobo Apple Pie Bites! Before we review the snack, we’ll be informing you on how much homes are selling for in Southern Arizona nearing the end of 2022. As you may or may not know, we are currently seeing a slowdown in the Real Estate market. Due to interest rates rising over the past several months, many buyers have been pushed outside the boundaries of affordability. This is on top of the record high prices of homes that have been selling during the crazy hot market the past year! High prices and high rates are not in favor of buyers and because of this, we are now seeing the effects. In November 2021 the average sale price of a single-family home in Sahuarita was $337,280. So far, in November 2022 the average sale price of a single-family home in Sahuarita is $386,496. So obviously the prices have gone up but where we’re seeing the difference from today and last year is the days on market. In November 2021 the average days on the market for a single-family home in Sahuarita was 19 days. So far, in November 2022 the average days on the market for a single-family home in Sahuarita is 27 days. Homes are starting to take longer to sell in this current market and it’s making some sellers desperate. As of the making of this video, there have been 9 price reductions in Sahuarita of homes that are on the market for sale. Price reductions six months ago were nonexistent in our market. We are very much within a more balanced market. So, if you are someone looking to sell or invest in this current market in Southern Arizona, then we at Suburban would love to help! Do you like Bobo’s Apple Pie Bites? Let us know in the comments below. That’s going to do it for us here at Suburban Snacks. If you have any questions or would like to get in contact with us feel free to check out our website at suburbanrealestategroup.com. Also, click the link below to follow us on Facebook. Thanks for watching, my name is Cade Olof and we will see you in the next one!
Suburban Real Estate Group2023-01-30T08:58:24-07:00November 25, 2022|Suburban Snacks|
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Suburban Real Estate Group
Our team of experienced agents have facilitated the transfer of nearly $80 Million worth of Real Estate and currently manage over $30 Million worth of rental properties. By using the latest technology available in the industry, combined with their family values, buyers, sellers, and property owners can rest assured that their best interest is Suburban’s number one priority.
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