Maricopa real estate market stays red-hot through July
The Maricopa real estate market inventory continues to make buyers go crazy and sellers smile.
The number of homes currently for sale in the city is still one of the lowest inventories seen since I started tracking monthly sales in 2015.
As of Aug. 1, there are 132 homes for sale, not currently under contract and looking for offers.
Normal monthly inventory averages between 300-325 homes.
It’s not just Maricopa seeing a lack of inventory. I have been keeping in touch with agents throughout the Valley daily, and they are experiencing similar issues.
Homes priced within market parameters are receiving over asking price offers within the first week, and many of the homes are being purchased by real estate investment trusts (REIT).
InMaricopa
By 21X Team
Everyday we hear more and more about the frenzy that is the Arizona real estate market. The cause is a perfect storm between low interest rates, well-qualified buyers, and low inventory. The result is a perfect opportunity for sellers to cash in on their home’s equity.
In Maricopa, most homeowners are seeing anywhere from $50,000 to $100,000-plus in equity. Like any investment, the equity in your home is only valuable if you have a way to use it. So, here are five things to do with your home’s equity.
Cash-out and sell. The most obvious thing to do with your equity is to cash in on it. Selling your home is the simplest thing to do as it allows you to cash in and walk away. This option is best for those who may be retiring or looking to relocate somewhere new. While walking away with $50,000 to $100,000 seems like a great idea, you will still want to have a plan in place before you think about selling.
InMaricopa
Juan Garavito, who teaches 12th grade English, said he found it challenging to get comfortable with
being in front of a camera. Photo by Kyle Norby
For the second straight year, the graduating class at Maricopa High School will collect their diplomas during the pandemic.
But while last year’s graduates had a traditional start to their senior year before COVID-19 forced changes to instruction and end-of-year events, the Class of 2021 had a somewhat opposite experience. Seniors started amid the public health emergency, but the last half of their school year has coincided with the vaccine rollout, relaxed restrictions and increasing optimism for a more-normal life as graduation and other senior year activities approach.
Lane closures this week on Bowlin Road inmaricopa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inmaricopa.com Daily Mail and Mail on Sunday newspapers.