Home Sales Slow Amid Strong Prices, Low Inventory

Home Sales Slow Amid Strong Prices, Low Inventory

Home Sales Slow Amid Strong Prices, Low InventorySeptember became the fifth month this year to post a decline in home sales compared to a record-setting 2016, while marking the 71st consecutive month of rising sale prices year-over-year, according to the October RE/MAX National Housing Report. Joining August, July, April and February, September home sales dropped 4.2 percent year-over-year in the report’s monthly analysis of housing data in 54 metro areas. Going in the opposite direction, the Median Sales Price increased to $225,000. Though the lowest price since March, it was 2.3 percent higher than September 2016. The last month when home prices did not increase year-over-year was October 2011.

“We’re not seeing any relief from the nationwide housing shortage as we enter the typically slower fall and winter selling seasons,” said Adam Contos, RE/MAX Co-CEO. “Plain and simple, we need more homes, particularly at the entry-level price point. Until then, it will most likely continue to be a seller’s market with homes going from listed to sold quickly.”

In the wake of Hurricane Irma in early September, Miami saw home sales drop 35.2 percent year-over-year. Houston, meanwhile, posted a 3.2 percent gain despite the impact of Hurricane Harvey in late August. At 3.6, the Months Supply of Inventory was the lowest of any September in the report’s 9-year history. Twenty-three markets are at 3 months or less. Of the 54 metro areas surveyed in September 2017, the overall average number of home sales decreased 14.9 percent compared to August 2017 and decreased 4.2 percent compared to September 2016. Download your copy of the October 2017 RE/MAX National Housing Report here.

Want to know more about the current real estate market? Click here to download your copy of the October 2017 RE/MAX National Housing Report. If you are looking to sell your Arizona home or are ready to buy a Phoenix home, please contact The Voss Team today.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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3 Halloween Home Safety Tips for a “Spooktacular” and Safe Night

3 Halloween Home Safety Tips for a “Spooktacular” and Safe Night

have a safe and happy halloweenHalloween is the time for little ghosts and goblins to rule the night seeking tricks and treats throughout the neighborhood. It’s even a time that adults can enjoy as well. Because of this increase of traffic on October 31st, it’s important to take precautions so that you and yours can enjoy the evening without anyone getting hurt. Here are 3 Halloween home safety tips for a “spooktacular” and safe night.

1.) Light the way for trick or treaters: Passing out candy this year? Be sure your front yard and walkway are free and clear to avoid tripping hazards. Having your porch light on or well-lit decorations will help it so that every little boy and ghoul can make it to your front door hazard free. And if you’re planning n using real candles inside a jack-o-lantern or to light your walk-way consider safer options. The National Fire Protection Association warns this type of lighting causes a fire hazard to your home. Instead of real candles, opt for LED tea lights or wind a string of orange lights around your front porch.

2.) Protect your pets and partiers: Got a furry friend who normally loves company? On a night filled with masked arrivers and excessive doorbell ringing, all the noise and activity could frighten your favorite feline or Fido and causing them to get underfoot or worse, accidently bite a trick or treater. It’s best to keep your pets safely locked up to keep them and your guests safe.

3.) Indoor safety isn’t scary: If you’re hosting a party or an open haunted house, be sure to check your fire alarms to make sure they’re operating effectively. Also, keep decorations like crepe paper away from carved pumpkins and open flames. The U.S. Fire Administration also recommends making sure any decorative lights you plan to use have sockets, wires and connectors that are in good working order before use.

Have more safety tips? Please feel free to share them on our Facebook page. The Voss Team wishes you and safe and spooktacular Happy Halloween!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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Sell Your Home this Fall with these 3 Helpful Tips

Sell Your Home this Fall with these 3 Helpful Tips

Sell Your Home this FallThere’s something about the drop in temperature and clear, crisp days of the Arizona autumn that makes outdoor activities just that much more enjoyable. Fall is also a wonderful time to sell your home. In fact, fall is the second most popular time to sell homes. Maybe it’s the reinvigorating cooler temperatures of football season or the awesome local events, but buyers seem just that more motivated to close around this time. So if you’re listing your home this season, here are 3 helpful tips to sell your home this fall.

1.) Move-in Ready: When potential buyers are looking to purchase a home this time of year, they typically want to be in their new home before the holidays. Making your home move-in ready helps make that transition just that much easier for your buyer, and can help set you apart from the competition. Taking care of repairs so buyers don’t have to makes a great first impression, so be sure to highlight the upgrades and improvements.

2.) Staging Success: Whether you’ve got a designers eye or hire a professional, the process of staging a home has repeatedly proven to help sellers receive offers more frequently and faster than an un-staged home. Because buyers want to visualize themselves and their possessions in your home, staging help makes that easier for them to do. Clearing clutter and emphasizing the positives your home offers can help sell your home this fall faster than you expect. Don’t be afraid to play with the décor of the season and add some cozy, tasteful accents and colors to help buyers feel a more warm welcome in your space.

3.) Up your Curb Appeal: We all know the Arizona monsoons from summer can do a number on our exteriors leaving behind filthy windows, dust, dirt, debris, and dead plants. Seeing how this doesn’t exactly scream “warm and inviting” it’s in your best interest to make sure the outside of your home looks just as clean and inviting as the inside. Power wash those windows ‘til they shine, rid your landscape of unsightly summer weeds, and make sure you have no burnt out exterior bulbs. A clean home brimming with charming fall curb appeal will take much better listing photos than one without.

If you’re looking to sell your home this fall or looking to buy a home in Phoenix before the holidays, please contact The Voss Team today.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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3 Helpful Hacks to Design Your Home for Resale

3 Helpful Hacks to Design Your Home for Resale

3 Helpful Hacks to Design Your Home for ResaleFall in Arizona is one of the most popular home-buying seasons in the Valley. And with temperatures like these and beautiful desert landscape in full bloom, it’s easy to see why. So if you’re selling your Arizona home this season, you may be surprised to find you’re not the only listing in your neighborhood. So what can you do to make sure to add pizzazz to your home, make it stand out, and help it sell? Here are 3 helpful hacks to design your home for resale to attract potential buyers.

1.) Let the curb appeal speak for itself: Your front yard is the first thing that buyers will see, and first impressions are lasting. Lawns should be clean and free of weeds and clutter. Remove any dead plants and add a homey touch that helps visually appeal to home buyers.

2.) Revamp your kitchen and bath: Kitchens and bathrooms are often the first thing buyers gravitate to. If you can afford new cabinets, go for it! Small budget? Just add new cabinet hardware to dress up existing cabinetry. Refinish your tile flooring or your countertops if they need a new look. Take it a step further and add new plumbing fixtures or matching sleek appliances.

3.) Give buyers more space: Most home buyers want large spaces for their belongings. Remove clutter and allow plenty of room to walk around furniture. Open window coverings let in natural sunlight and visually provide more space. A few decorative mirrors can also help provide the illusion of a more spacious room.

If you’re looking to sell your Phoenix home this fall or looking to buy a new home in Phoenix, please contact The Voss Team today and receive a complimentary analysis of your home’s approximate present value on the market today.

 

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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4 Fall Curb Appeal Hacks to Attract Buyers

4 Fall Curb Appeal Hacks to Attract Buyers

4 Fall Curb Appeal Hacks to Attract BuyersPlanning to sell your Phoenix home this fall? Don’t forget to add some fall curb appeal to catch the eye of potential buyers. The term “curb appeal” derives from real estate sales and home design. For years, buyers have formed their first impressions of homes while standing in the street or sitting inside the car, just beyond the curb. The initial drive-by would determine whether or not they would go for an actual showing. Curb appeal was always the single most important piece of the home sale puzzle and it’s still relevant today. Here are 4 fall curb appeal hacks to attract buyers.

1.) Autumn Wreath: Add a burst of bold fall color to your front door with a beautiful floral wreath. The traditional autumn foliage colors or rich reds, rusts and burnished gold tones will give your entry a seasonal boost.

2.) Pumpkin Spice: Nothing says autumn quite like pumpkins, dried gourds, winter squash, and bushels of fall-blooming flowers. Adding a pumpkin or a cluster of small colorful winter squash near your door or planting some fall-blooming flowers add a great eye-catching element to your curb appeal and helps potential buyers feel more at home. Just remember to keep fall décor simple because less is more.

3.) Spruce up your yard: While brilliant fall foliage can automatically make your home look more attractive for showings, that doesn’t mean you can slack off on lawn maintenance during this season. Keep falling leaves at bay with frequent raking and patch up any brown spots in the grass.

4.) Fall lights: As the days get shorter, it becomes increasingly important to provide potential homebuyers with a safe path to your front door. Use decorative lights to illuminate walkways, and install flood lights or lanterns to brighten up entrance areas.

Need help selling your Phoenix home? Ready to buy a home in Phoenix? Contact The Voss Team today. We’re here to guide you through every step of the process for a knowledgeable and unforgettable real estate experience.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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