Realty Executives of Northern Arizona

Serving Northern Arizona since 1977

Realty Executives of Northern Arizona

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Are We Finally Seeing Change?

(Published on - 6/24/2022 8:17:45 PM)

Here’s something that probably won’t surprise you…

Numerous studies confirm that people looking for a professional, such as a roofing contractor, trust recommendations more than advertising.

Like I said, there’s no surprise there!

It’s becoming more and more common for people to ask friends and neighbors for recommendations when they’re looking for a professional. In fact, it’s one of the more common types of posts on community Facebook pages.

Why am I bringing this up?

As you may know, I’m well-connected in the local “home” industry. So, if you or one of your neighbors is looking for a reputable contractor, decorator, or other professional, I may be able to recommend someone. Please feel free to ask.

I’m happy to help.

And, by the way, if you come across someone looking for a good real estate agent, I hope you’ll feel comfortable giving them my name. My business is built on referrals from valued clients and homeowners in the communities I serve. Any referral you send my way will be greatly appreciated!

Let's jump into a quick market update...

In July I will provide a full 6 month review of the market. To quickly summarize what we have seen in the last few weeks I have asked Arizona Association of Realtors President, Gary Nelson for his take on the recent changes. 

“Throughout Arizona and the nation, real estate markets seem to be shifting quickly and sales activity has slowed. This is due to a rise in interest rates since January that has taken away the buying power of most real estate buyers combined with the drastic increase in home prices over the past few years.  Sales activity has returned to before-pandemic conditions where housing inventory has increased and buyers are more tentative.  Buyers still need to be prepared by being pre-qualified with a reputable local lender and, depending on price range, may still face a multiple-offer situation.  Sellers need to also be prepared with properties that show well, are ready for the market and are not overpriced." 

As Gary mentioned, things are shifting quickly and we anticipate more changes to come.  I will always have my finger on the pulse of the market, please reach out with any questions!

Have a wonderful 4th of July!

 

Renee Gaun * Jeff Ross
Your 1st Choice in Real Estate®
Your Team for Success

928-606-6232 Renee
Homes@ReneeGaun.com

928-607-5556 Jeff

Jeff@AllFlagstaffHomes.com

www.AllFlagstaffHomes.com

 

15 E. Cherry Ave
Fla

 

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