Tempe – Phoenix Real Estate Market Turning Around in 2013

There is good news for home sellers in the Tempe – Phoenix, Arizona, area. This February 26, 2013, AZCentral.com article reports that home values are up for the first time in six years. Reporter Catherine Reagor notes, “The increase won’t surprise anyone who has watched the region’s housing market recover over the past 18 months. . . . [County Assessor] Russell said the county’s residential assessments are conservative, so homeowners can expect to sell their houses for as much as 10 percent more.”

According to the Maricopa County Assessor’s office, home values for:

Chandler rose from $128,100 in 2011 to $146,800 in 2012 for a 14.6% increase;

Tempe rose from $107,300 in 2011 to $128,300 in 2012 for a 19.57% increase; and

Mesa rose from $91,600 in 2011 to $109,300 in 2012 for a 19.32% increase.

The next interesting news item is this Phoenix Business Journal article of March 8, 2013, which reports that an Arizona State University study found that “metro Phoenix home prices continued on their steady incline during the first month of 2013, surging 35.3 percent year-over-year.”

The article goes on to quote ASU real-estate expert Michael Orr, “Pricing is almost always weaker in January, but February signals the start of peak buying season that lasts until the end of June. . . . Make no mistake – prices are going to rise significantly during this period.” The problem, Orr said, is that there is still a shortage of homes for sale in the area.

This is where you and Walters Realty Group come in. Valley native Charlie Walters has been selling real estate since his teenage years. After turning professional in 1986, he has assisted clients in buying, selling  and financing over 1,000 properties. Charlie and his team have the depth of experience and regional knowledge to assist you in the sale of your Phoenix-area home.

Don’t wait; the time couldn’t be better. Contact Charlie today to start hearing good news about the sale of your home.

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