(updated TUE 20APR2020 10a)
**NO Active Listings on Market**
and record-high Sales prices...
My Latest Listing in Shadow Hills,
SOLD for $72,000 OVER list price:
In Shadow Hills,
The Numbers Speak for Themselves:
In the last 6 months (OCT'20-APR'21):
14 Recorded Sales
with a staggering Average Price of
and an even higher median of
...with both of those numbers trending higher
as we head into the hotter months
(for the 7 of those that had gone on market in 2021,
it's an even higher average, at $782,000!).
I'm always happy to talk with neighbors about the market
and help them understand how it relates to their plans for the future.
By now, everyone's heard that we're in a Seller's Market...
...but what does that mean to you?
2021 continues to be a Seller's Market without precedent
Shadow Hills is a prime example of what occurs when there's a convergence of
increasing buyer power from oft-desperate buyers with record-low interest rates,
and record-low inventory from which to choose.
Now more than ever, perhaps, it's crucial that homeowners have
an accurate gauge on what's happening in their neighborhood,
...which is why I'm proud to provide this as a resource not only to my neighbors here in Shadow Hills,
but to those who'd love to make their home here too.
Your Shadow Hills "Dashboard"
as of 20APR21:
It's been an unprecedented run for Sellers
in Shadow Hills recently;
with 7 of the 8 new listings to go on market in 2021
going under contract within their first respective week
ZERO Homes listed ACTIVE
2 Homes under contract
The Key Takeaways from the first quarter of '21,
specific to Shadow Hills:
The unprecedented shortage of available homes that characterized the second half of '20 has continued into the new year--
For about 9 of the last 10 months --
there have been two or less Active listing out of a neighborhood of approx 575 existing homes,
That's truly remarkable. That's nearing a year running, where buyers have had very few, if any, homes to offer on.
And this in a period of unprecedented demand, with well-qualified--and some "cash-heavy"-- buyers from everywhere, hoping to find a home in the Foothills, and Shadow Hills in particular.
What's the result? Multiple buyers making strong, competing offers in the first day or two on market.
Four out of the Seven new listings to go on market in 2021 recevied multiple over-list-price offers on the first weekend on market, pushing their sales prices well over the list (at $30k, $37k, $15k, and $72k over, respectively!)
While that kind of result isn't a certainty-- properties still have to fit a Buyer's needs, long-term--
what is certain is that there will be far more well-qualified buyers through the summer of 2021 than there will be houses for them to offer on.
And while inventory is at its lowest point in recent memory, mortgage interest rates have been as low as they can practically be,
which results in Buyers with stronger offering power, and better bottomlines for Sellers.
For Shadow Hills homeowners for whom it may be time to make a move, these factors combine to create a unique opportunity to realize the highest value from their property, and to potentially do so quickly.
To see a map of current Active
and Active-Contingent listings
in Shadow Hills, start here.
For Buyers interested in Shadow Hills,
the best way to even have a chance at getting a home when they come available
is to have an agent working to show listings as soon as, but ideally even before, they go live to the public.
The competition is just too strong to leave it to chance.
Interested in searching listings
anywhere in Arizona?
Save favorites, expand/refine searches,
and more by building a profile here
Recent Closed Sales are your best starting point for understanding the potential value
the market will bring for your home.
Despite the onset of the pandemic, 2020 was strong:
21 closed sales in cal year 2020
$619,729 : Average sale price
On average, those sold for over 98.5% of their list price at time of contract
Since then, though, in 2021?...
10 closed sales to date, in 2021
$770,400 : Average sale price
$758,500 : Median sale price
Notably, on average, homes have sold for OVER their list price
To see a map of Closed listings in Shadow Hills, click here.
What's Shadow Hills'
Recently FEATURED PROPERTY:
I'm proud to have represented happy Shadow Hills Sellers
in the successful sales of properties:
All of which CLOSED wellOVER their list prices, with the Sellers receiving
multiple full-price or better offers in the first weekend
Though this is a Seller's Market--and this point cannot be over-emphasized--it's not as simple as just taking some photos and "putting the sign out."
There's an art to maximizing value and minimizing time on market.
Of the homes that have sold or been on market in Shadow Hills in a one year period between summer 2019 and 2020, for example, a quarter of them were Active on market for more than 100 days before they were Sold. Marketing your home to key buyers onto its best attributes, and pricing it to maximize its potential value in the market quickly are more art than science. Price too high and you're likely to miss your chance at your best offer, too low and you'll be leaving money on the table. You only get one chance to get it right.
If you're interested in learning more about what value buyers in today's market might bring for your home here in Shadow Hills, or have questions about what the process will look like for you and your family whenever you're getting ready to make a move, please feel free to contact me by text or voice on my mobile 520.965.5508, or by email any time at email@example.com