Seller Paid Closing Cost Is Back!

Sellers are willing to pay for an interest rate buydown or part/all buyer's closing cost.

  This is good news for buyers.

Buyers have more time to decide and more houses to choose from with the average time on the market of 21-65 days.  Some properties are still closing over list price, with the average over list being $7,000, down from $20,000.

The median sales price has declined from $480,000 to $450,000.  This is a 2% decline; however, this is not across all price ranges.

As I have said before, home increases start from the bottom up, and decreases start from the top down.

The chart below is per price range for the metro Phoenix area.  If you need stats for your zip code or neighborhood with no obligation, please contact Michelle Quackenbush-Lucky Duck Realty at 602-999-2627 or LuckyDuckTeam@gmail.com.  I am your stats girl for the Phoenix area!

         Price Range               Price Per Sq Foot 

Up to $300K                     $213.89

$300K-$500K                   $261.18

$500K-$800K                   $287.30

$800K-$1M                       $333.11

$1M-$1.5M                        $384.36

Over $1.5M                        $583.57