Verrado | Competition is Coming, Are You Thinking of Selling Your Home?

 

Located at the foot of the White Tank Mountains, surrounded by high palm trees and over 21 miles of walking trails…Verrado is one of the most beautiful planned communities in the surrounding Phoenix area.       

The developers of Verrado put a lot of focus to paved walking trails meandering through common spaces and the creation of over 70 neighborhood parks framed and surrounded by mountain views and incredible natural views.     

There are many communities that are planned around specific locations to fit budgets and work force…but Verrado is one of the few places where its natural beauty took precedence on the development of an environmentally friendly area for the enjoyment of all the lucky residents      

Homes in Verrado are relatively new, it is one of the largest suburban communities in the Phoenix Metropolitan area. There are many types of homes available, from open floor plans, rustic ranch haciendas to relaxing front-porch models with modern amenities and luxurious finishes. This includes traditional two-story homes, European-style bungalows, single-family desert oases, and trendy lofts.       

Today, I would like to bring your attention to the following: Competition is Coming, Are You Thinking of Selling Your Home?

 

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.4% over last year.

 

How will this impact buyers?

More inventory means more options. Lawrence Yun, NAR’s Chief Economist, explained this is good news for the housing market – especially for those looking to buy: 

“This rise in single-family housing construction will help tame home price growth, and the increase in multifamily units should continue to help slow rent growth.”

 

How will this impact sellers?

More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect: 

1.- A great price on their home as buyers outbid each other for it

2.- A quick sale as buyers have so little to choose from

3.- Fewer hassles as buyers don’t want to “rock the boat” on the deal

 

With an increase in competition, the seller may not enjoy these same benefits. As Chief Economist Nela Richardson, added: 

“Because existing home inventory has been so low for so long, new construction is taking a larger share of the market…Builders meet the buyers and see the demand firsthand.”

 

Bottom Line

If you are considering selling your house, you’ll want to beat this new competition to market to ensure you get the most attention for your listing and the best price.

 

Source.. KCM Cheryl Benjamin Blog

 

If you are looking to move to Verrado, allow us to help you find the perfect home, If you have any questions about Verrado, the schools, the amenities or the surrounding community, don’t hesitate to call on us at 623–206–9936    

We will be happy to help you.    

Our agents specialize in Verrado Real Estate