Tim Klimek Associate Broker Verrado Realty

The Current Real Estate Market Buzz

I’m sure you’ve heard the buzz surrounding the current real estate market. If not, take a few moments to read this article and find out why 2020 is the optimal time to sell your home.

All markets are cyclical, whether it is the financial markets that can affect lending or the real estate market. These markets experience peaks, valleys, and unforeseen variables that can ultimately alter the direction of a market. Timing the top or the bottom is exceedingly difficult, if not impossible. Align yourself with a reputable and experienced real estate professional to provide a valuation of your home, the numbers might surprise you.

What does this mean? It does not mean you can forgo all the basic principles of real estate 101. To sell your home for top dollar you still need to present the home at its very best. This includes, but is not limited to, the following: Add a fresh coat of paint, not just interior but exterior painting is equally important. Declutter, remove excess clutter and make your house tidy. (Use the garage for storage). Spruce up the landscaping and curb appeal, add new rock, get the trees and shrubs trimmed, replace any dead or dying plants, and make sure the irrigation system is working properly. Service your HVAC, there is nothing that stalls a deal quicker than an AC unit that is not working or needs repairs. Deferred maintenance is the #1 killer to all real estate transactions. For years I’ve recommended clients get a home inspection before they go to market, this way you can repair all those minor items and catch anything that might be major before it costs you thousands or worse, costs you the SALE.  Be proactive and not reactive.

Housing inventory levels in Maricopa County, and across the country, are at an all-time low. Couple the anemic inventory with historically low-interest rates and it has created the perfect storm, catapulting us into a RED HOT real estate market. If selling your home is something you have contemplated or are thinking of pursuing next year, you might rethink your timetable and strike while the iron is hot.

 

Tim Klimek

Associate Broker at Verrado Realty

Verrado Resident

 

Verrado Market Recap

Verrado Market Recap

by Tim Klimek, Associate Broker at Verrado Realty and 15-year Verrado Resident

Our Verrado Real Estate market is prospering with statistics up across the board. Looking back recapping the sales stats from 2019 from the stats recorded in 2018, our sales volume is up over 12%. Homes in Verrado sold quicker and for more money in 2019 than they did in 2018 with community home prices up over 3.5% and price per square foot up over 7%. The average sales price of a Verrado home in 2019 was slightly over $348K representing the highest average sales price recorded since 2007. In addition, the overall sales volume for 2019 was up over 17% in 2019 from 2018 with a total sales volume of over $138 million. This is the highest sales volume in the community’s history project-to-date. The good news doesn’t stop there, average days-on-market is down 13% from a 92-day average in 2018 to an 80-day average in 2019. This means Verrado homes are selling for more money and faster than they have in nearly a decade.

 

The Custom Home and Homesite markets are also seeing their fair share of success. The number of custom homes sold in 2019 was up over 33% from 2018 with an increase in the sales price of over 11%. There were also 21 custom homesite sales recorded in 2019 with golf course lots leading the way fetching over $66k premium than non-golf course homesites. The custom homes and homesite market are starting to see significant traction and neighborhoods are taking shape with increased activity, more rooftops and construction projects underway. Currently, there are at least 9 custom homes under construction with several in various stages of design. There has never been a better time to start planning your custom dream home in Verrado.

 

Finally, basic Economic principals of Supply and Demand should have home prices in 2020 surpassing these milestones set in 2019. With interest rates remaining low along with a robust economy and stock market should see homes values rise again this year. Supply in Verrado and across the country continues to be at record low levels. Verrado currently has approximately 40 resale homes listed on the MLS (Excluding New Builder Specs), which is an anemic number representing approximately 1% of total homes built in Verrado. Whether you are moving up or moving down, 2020 will be another historic year for real estate.

Single Story, Must See, on Kings Green in Verrado

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3275 N. Clanton Street Buckeye, AZ 85396

Price: $325,000  2,097 Sq. Ft.

MLS Listing #: 5103297

Remarks

This is a must see single story home in perfect condition. The home comes with a highly up-graded kitchen, double ovens, granite countertop, that flows into an oversized great room. Your private office is located just off the kitchen.  Home contains a bonus dining room or living room just off the front entry. This back yard is complete with a very unique Dipping Pool, multiple sitting areas and new built in outdoor kitchen.  With one of Verrado’s fifty parks, Kings Green, across the street, this is a highly sought after neighborhood. Verrado has A+ schools and very special amenities, including The Verrado Golf Course, CVS, BofA, three restaurants, The Center on Main Health Club with two heated pools, and The Heritage Swim Park opening in 2015.

Basic Features

  • Area:Verrado
  • City Name: Buckeye
  • County Name: Maricopa
  • Neighborhood: on Kings Green Park
  • Schools: Verrado Middle, Verrado High School
  • Subdivision: Verrado
  • Type: Richmond American
  • Zip: 85396
  • Full Baths: 2.5
  • Bedrooms: 3

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Vistancia, Verrado turn 10, continue to grow

p0000001534Two of metro Phoenix’s most popular and biggest new-home communities opened a decade ago in the West Valley: Vistancia in Peoria and Verrado in Buckeye.

Two of metro Phoenix’s most popular and biggest new-home communities opened a decade ago in the West Valley: Vistancia in Peoria and Verrado in Buckeye.

Vistancia and Verrado made LA-based real-estate analyst John Burns’ national list of the 50 top-selling master-planned communities in 2013. Vistancia ranked No. 31, higher than any other Arizona community. Verrado ranked No. 41.

Click here for complete AZCENTRAL article

Luxury Mendocino Model Home in Verrado

120941 W WYCLIFF Drive
Buckeye, AZ 85396

Price: $294,000
2,713 Sq. Ft.

MLS Listing #: 4979594

Remarks

This is the first time an Ashton Woods, Mendocino Model has come on the market. Visit the Document Tab to see the ASHTON WOODS ENERGY SAVINGS OPTIONS INCLUDED IN THIS HOME. This is a very unique floor plan, offering so many options. This home offers a formal LR/DR and a highly upgraded kitchen. Stainless Steel appliances, white cabinets, large granite center island and separate desk area. Spacious Family room with natural Stone Wall/Fireplace, and off this room is a Media Room. 2nd floor offers 3 over sized bedrooms, and a large Master Suite with a jetted tub. Backyard is finished, putting green and very private. This home has $68,000 in upgrades.

Basic Features

  • Area:Verrado
  • City Name: Buckeye
  • County Name: Maricopa
  • Neighborhood: Heritage District
  • Schools: Verrado Middle, Verrado High School
  • Subdivision: Verrado
  • Type: Ashton Woods
  • Zip: 85396
  • Full Baths: 2.5
  • Bedrooms: 4

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Join Verrado Realty during the Verrado House Party

Unknown-1Join us on Saturday May 17th, 10 am – 6 pm…. tour the welcome center on Main, visit with our agents to learn more about Verrado and the current projects in the community, from New Builders, updates on Victory, The Heritage Swim Park, the proposed Elementary School, the community Dog Park and more…..

 

 

Verrado Realty
21029 W. Main St.
Buckeye, AZ 85396
623.792.5900