Thursday, September 8, 2011

Timing the Phoenix Real Estate Market: When to Sell?

By Farlon Bond




Is there a best time of the year to sell a property in Phoenix: does Phoenix have seasons for sales?

The Seasonal Phoenix Real Estate Market







Irrespective of how well you plan changes come about and occasionally those changes mean you need to sell your present locum. Hopefully you get some choice in when this happens and some time in which to prepare. Besides preparing a property for sale you need to also consider the market trends. Maybe a choice will be leasing it out, but that's rare so let's assume you want to sell. So how do the real estate seasons change in Phoenix and will they influence your sale?

The Larger Phoenix market over all follows a singular trend of peak and dips throughout the year: that is the main pattern, the seasonal one, then there are others to consider, ones still bound to the seasons, though influenced by other powers. Overall the peak for sales is the change from June to July and a dip in activity in December and a dip in sales in Jan. After the winter dip the sales pick up in Spring and move up rather swiftly into June only to drop of quickly in July and have a small last summer increase in August with continued declines into Winter. That is vital to know. Sales change and so does inventory. Both must be considered together and a customer/seller balance needs to be established. What is the inventory?



Different towns inside Greater Phoenix have their own ups and down in the greater width of the trends.

As an example in the winter there is great inflow of folks from out of state, from the less warm parts of the country then in summer when it's more families moving in the summer vacation before school starts.



Each one of these segments has different demands from properties. Holiday houses often look different from massive family houses and the demand changes. Vacation houses are way more well-liked in the colder times of the year and sell better even though overall demand is down in the vacation season.



Should you care? Yes and no. You do not need to avoid putting a house on the market because of seasons. It would not pay to pay the mortgage unnecessarily to pray and get 1 or 2 more thousand at a top season, more crucial are other trends.






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