Market info, March 2009
Buyers often ask me:
"What is the market going to be like if I buy a home today?"
Unfortunately, in the short-term my answer has to be, "I don't know".
I have never been an agent who recommends short-term purchases, flips or investor remodels, so I have to give my clients my long-term answer.
In the long-term I look the the history of how the market in the Sun City neighborhood has behaved over the last 5 years.
In spite of the price decreases since the 2005 "Bubble" market, the Sun City Neighborhood real estate market has performed well, with an appreciation rate of 30+% in Zip code 85351 in the 2003-2008 period, and an appreciation rate of 43 % in 85373 over the same time frame. (Source, Arizona Republic, 3/22/2009)
It looks like real estate beats the stock market doesn't it?
With today's low prices, plentiful inventory, and hisotrically low interest rates PLUS and $8000 refundable tax credit from the government, isn't now a great time to buy?
Jim Little, your Sun City REALTOR®
Please visit my Web Site, suncityneighborhood.com where you can search the MLS with no registration for free.
Uncategorized | Jim Little | March 23, 2009
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