West Valley Arizona Housing Market Update - May 2024 | West Phoenix Real Estate

West Valley Arizona Housing Market Update - May 2024 | West Phoenix Real Estate Welcome to the latest update on the West Valley Arizona Real Estate Market Update for May 2024! In this video, I'll be highlighting the top 5 communities in West Phoenix, chosen based on their location, schools, shopping, medical access, and proximity to main freeways. If I miss your favorite neighborhood, drop a comment, and I'll get you the stats you need! Interest Rates and Market Trends Interest rates for a 30-year conventional loan are hovering around 7.17%, with rates staying above 6.7% for the past year. Pending home sales in Phoenix are down 8% year-over-year as buyers await lower rates. However, Freddie Mac predicts rates will linger around 7% for the rest of the year. Top 5 Communities: 1. Verrado (Buckeye, AZ) • All Ages: Average Sale Price: $601,902, 28 sales in May, 111 active listings, 72 days on market. • Victory (55+): Average Sale Price: $676,154, 10 sales in May, 43 active listings, 89 days on market. 2. Vistancia (Peoria, AZ) • All Ages: Average Sale Price: $676,990, 26 sales in May, 101 active listings, 67 days on market. • Trilogy (55+): Average Sale Price: $689,343, 17 sales in May, 48 active listings, 70 days on market. 3. Estrella Mountain Ranch (Goodyear, AZ) • All Ages: Average Sale Price: $559,597, 35 sales in May, 113 active listings, 88 days on market. • Canta Mia (55+): Average Sale Price: $476,270, 8 sales in May, 26 active listings, 64 days on market. 4. Pebble Creek (Goodyear, AZ) • 55+ Community: Average Sale Price: $589,726, 35 sales in May, 70 active listings, 79 days on market. 5. Sterling Grove • All Ages and 55+: Average Sale Price: $886,231, 8 sales in May, 46 active listings. Tips for Sellers Sellers, in this competitive market, ensure your home stands out. Invest in professional photos, declutter, and fix any necessary repairs to make your home appealing to buyers. Final Thoughts I hope you found this update helpful! If you're thinking about moving to Arizona, feel free to reach out via text, email, or call. Don't forget to subscribe to my channel and hit the bell for notifications to stay updated on all things real estate in West Valley, Arizona! Thank you for watching, and until next time! Michelle Seymour, Arizona Realtor Chapters: 00:00 - Introduction 00:47 - Interest Rates and Market Trends 01:31 - 1st Community: Victory at Verrado (Buckeye, AZ) 03:35 - 2nd Community: Vistancia (Peoria, AZ) 05:10 - 3rd Community: Estrella Mountain Ranch (Goodyear, AZ) 07:11 - 4th Community: Pebble Creek (Goodyear, AZ) 08:01 - 5th Community: Sterling Grove (Surprise, AZ) 09:35 - Tips for Sellers 10:44 - Wrap Up & Contact Information Check Out These Communities Videos: VERRADO Community: https://youtu.be/wn23-0ZyNa8 VICTORY Community: https://youtu.be/GEqFmZtyLWA VISTANCIA Community: https://youtu.be/GYPEgH1B4-I ESTRELLA MOUNTAIN RANCH: https://youtu.be/NFxm4CB8Q78 CANTAMIA AT ESTRELLA MOUNTAIN RANCH: https://youtu.be/Z8QfV-ccTrY PEBBLECREEK Community: https://youtu.be/u9aFwhbO3UA STERLING GROVE Community: https://youtu.be/NrrnjIvHlkA ✅ For Business Inquiries: michelleseymourhomes@gmail.com ☎️ Call or Text Michelle at 760-419-2202 📞 Schedule a Call: https://bit.ly/3KKwqvu 🤝 Schedule a Zoom Meeting: https://bit.ly/3KL2WOh ✅ Connect with Us Instagram: https://bit.ly/3YF5UJI LinkedIn: https://bit.ly/45BAfv0 Facebook Michelle Seymour: https://bit.ly/3YIDrD0 Facebook (Real Estate Agent brokered by EXP): https://bit.ly/3YKA9iv Facebook (Retire in Arizona): https://bit.ly/45anFmK Drone Footage Done By - https://ift.tt/BbN4e1S ❗Important Links to Follow Visit My Website: https://ift.tt/1xM4UCo The Best Real Estate Agent in West Valley: https://bit.ly/3E0LFgc 📞 Ready to Take the Next Step? If you're considering a move to West Valley Phoenix, AZ, I’m here to assist you every step of the way. Contact me via phone, text, email, or schedule a Zoom call to get personalized guidance tailored to your needs. Let's turn your real estate goals into reality! 🔔 Subscribe for More Updates Stay in the loop with the West Valley Phoenix housing market. Don't miss out on our future market updates, community spotlights, and expert insights. Hit the subscribe button and ring the notification bell now! 👍 Like, Share, and Comment Found this video helpful? Give it a thumbs up and share it with friends or family who might be interested. Have questions or insights to share? Leave a comment below—we'd love to hear from you! #WestValleyHousingMarket #WestPhoenixRealEstate #ArizonaHousingMarket #May2024RealEstateUpdate #WestValleyAZRealEstate #ArizonaRealEstate #WestValley #PhoenixRealEstate

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