Laveen Az Values – Values of homes in Laveen Az for September 2013
Laveen home values have been on the rise! I like to keep track of the values of homes over all. Of course anyone not living under a rock saw that prices plummeted in previous years, but that values for the past year have been on the rise. Some of the increase of values, big increase, can likely be attributed to the low inventory we are experiencing. Many buyers under the $200,000 range are finding themselves competing against several others offers when bidding for a home. So, if a buyer wants to get into a house, they may likely have to bid over asking price to get into the home.
What are the average home values right now in Laveen?
As of this week September 9, 2013 the average home price in Laveen is about $174,734. This is about $86 a square foot. What is amazing is the huge increase in values since the start of the year, about 20% in the Laveen area. Inventory has been growing over the last several months as well. Laveen homes on the market have increased from about 90 active homes in January, to 145 as of today. This could spell good news for buyers as inventory is growing. On the down side for buyers, interest rates have gone up a bit as well as prices. This translates into less purchase power for many than just six months ago.
Looking to Sell? Want to get value of your Laveen Home?
If you’re looking to sell and want to find out the value of your home, don’t go by these numbers. These numbers are looking at the large picture, and when determining your personal home value, you really need to look at a smaller pool of homes similar to your own. It is best to have a professional research similar homes to help determine value. Visit this site to request your FREE home evalution: http://www.phoenixlaveenhomes.com/home-value-evaluation/