How’s the market?
**Goodyear and Avondale, AZ Real Estate Market Update**
We're here to provide you with the latest real estate market update for Goodyear and Avondale, AZ. In light of the recent cooling of the overall housing market, we'd like to offer a balanced perspective on the current conditions in these areas.
As of August 2023, the median sales price for a home in Goodyear stood at $480,000, showing a modest decrease of 4.0% from the previous year. Interestingly, the number of homes sold in Goodyear increased by a noteworthy 8.4% compared to the previous year.
Turning our attention to Avondale, the median sales price for a home in August 2023 was $435,000, reflecting a healthy 3.3% increase from the previous year. Avondale also experienced a 7.6% uptick in the number of homes sold during the same period.
These figures indicate that the real estate market in Goodyear and Avondale maintains a level of stability and resilience in the face of broader market trends. While the rate of appreciation has moderated, there is still consistent demand for homes in these areas, and prices continue to see modest growth.
A couple of factors to these market dynamics:
Steady job market: The Phoenix metropolitan area boasts a resilient job market, attracting new residents and sustaining housing demand..
Balanced supply: The relatively moderate supply of homes available for sale in Goodyear and Avondale helps support property values.
If you are considering buying or selling a home in Goodyear or Avondale, you'll find that the current market offers opportunities that align with these conditions. Here are some tips to keep in mind:
For Buyers:
1. Secure financing: Obtaining mortgage pre-approval will help you determine your budget and enhance your competitiveness.
2. Work with a local expert: Partner with a real estate agent who possesses in-depth knowledge of the area and can effectively navigate the market.
3. Timely action: Given the pace of the market, be prepared to submit offers promptly when you find a suitable property. Nice homes, priced right, are still selling fast.
For Sellers:
1. Strategic pricing: Set your home's price thoughtfully to balance a timely sale with maximizing value.
2. Enhance presentation: Present your home at its best by addressing any maintenance or aesthetic considerations. Move-in ready homes sell faster.
3. Effective marketing: Leverage multiple channels, including online listings and local advertising, to promote your property.
In summary, the Goodyear and Avondale real estate market retains a degree of stability and offers opportunities for buyers and sellers. To navigate these conditions effectively, working with an experienced real estate agent remains a valuable resource. Should you have any inquiries or require assistance, please do not hesitate to reach out.
Best-Rosio Robison