Hello everybody! Welcome back to Suburban Snacks, where we not only inform you of current Real Estate topics but also review a different food item every month! This month’s snack is Sweetarts Jelly Beans! Before we review the snack, we’ll be informing you on whether or not now is a good time to sell your house! This is a topic that many potential house sellers are pondering, especially following last year’s rapid increase in home values. Two of the things you want to consider when selling your home are how long it’s going to take, and for how much. With that in mind, let’s go over some statistics for the Southern Arizona market. First, let’s look into days on the market, which is how long it takes for a home to get under contract. A year ago in October 2021, the average days on market for a single family home was 5 days. In September of 2022, the average days on market for a single family home hit 17 days and it’s climbing. We believe there are two reasons for the increase in days on the market. One, interest rates are rising and it’s pushing the affordability for some homebuyers out of reach. Two, we’re entering the Fall and Winter months which statistically move slower than the summer months. Now let’s take a look at the sales price for these homes to see what they’re doing. As you know, we’ve seen tremendous equity gains for homeowners over the past couple of years. In September 2021, the average sales price for a single family home was $335,000. In September of 2022, the average sales price for a single family home was $370,000, which is down from $380,000 in July. This data shows that although it may take some more time to sell your home this season, homeowners still have tons of equity they can capitalize on with their home sale. So, if you are someone looking to sell your home then we at Suburban would love to help! Do you like Sweetarts Jelly Beans? 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 into contact with us feel free to check out our website at suburbanrealestategroup.com. Also, make sure to 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! https://www.facebook.com/SuburbanReal…
Suburban Real Estate Group2023-01-30T08:58:28-07:00October 28, 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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