What are the current real estate market conditions for Surprise Arizona and surrounding northwest valley communities?
There are 32,700 single family detached listings currently active in the MLS. That is an increase of 280 listings from last week. 39,182 total listings currently active in MLS, including condos, town homes, patio homes & lofts. Yearly sales volumes over the last years are nearly identical. The median sales price and average sales price are up 23% and 19% respectively over the past year according to survey from trulia.com.
The Arizona economy is strong. People are moving in record numbers to most all of the Phoenix metro cities, and Surprise Arizona was rated as one of the fastest growing cities in America. Economists predict continued strong growth in population, as there is plenty of land to grow and expand here in Surprise. We are currently in a buyers market with prices at an all time low! Now is the time to buy a new home whether you are a first time home buyer, buying as an investment or rental property, or a vacation or seasonal home purchase. We may never see prices like this again! With all the additional rental homes and vacancy rates due to foreclosure, rental rates have become very competetive. Now more than ever you need a Surprise Arizona based REALTOR® with knowledge of current local market conditions and rental demographics coupled with an aggressive web based marketing plan to attract potential tenants and buyers for your property.
