Here is the latest market update from the Cromford Report.
Median Sale Price for Metro Phoenix up $20,000 over March 2017
17% of Sales are Closing Over Asking Price
For Buyers:
The percentage of seller concessions awarded to buyers has dropped down to 24% in the first quarter of 2018 after 2.5 years of consistently landing between 26%-28%, yet another indicator of dwindling buyer negotiating power in a prolonged supply shortage. Cities with the smallest percentage of closing costs were in affluent and retirement areas such as Scottsdale and Paradise Valley.
Carmen Brodeur JD
Realtor
Trillium Properties, LLC
Cell (602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com
Voted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2023. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.
