You can always find the latest information on closings and active listings for one of our favorite Chandler AZ communities, Carino Estates, at that link.

Carino Estates is in Chandler’s 85286 zip code and stretches for the mile between Arizona Blvd and Alma School Rd just to the north of Queen Creek Road.

Here is your monthly update for Carino Estate housing market.

Carino Estates Housing Stats

There are currently 11 active listings in Carino Estates, compare this to just a couple of months ago when there were only 3 active listings. This happens often, listings tend to come together in groups. When one house goes up for sale, usually more are on the way. There are roughly three months of active inventory on the market, which is still a slight Seller’s market.

We currently running a program where we will see your house in 30 days, or we pay you $3,000!

You will notice looking that the numbers from last October that the price is up, but the price per sqft is down. Part of that is because when comparing small numbers, you will have variations. And the houses that sold in October 2015 were about 10% bigger than the houses that sold in October of 2014.

We are seeing a fairly normal market for this time of year. The inventory may be slightly below what it normally is, but demand is about normal.

I have had several people tell me recently they are going to wait until the spring when prices are likely to start increasing before they sell their house and purchase the next one. That may work, and it may backfire too, depending on which way you are going.

Of course this assumes that interest rates don’t change. If interest rates go up, this automatically becomes a bad idea. 

But assuming interest rates stay the same, should you wait or not? Let’s assume prices go up 3% by the end of spring. Not saying they will, but many of my clients I am talking to right now seem to think this will be the case from the news they are watching.

If you are moving down in a house, meaning you are selling a $330,000 house in Carino Estates and moving into a $250,000 house or a condo. Then waiting could be beneficial, if nothing else in the market changes. But if you are planning on moving up, say moving into a $400,000 house, then waiting is not in your advantage. The 3% difference in the $400,000 is more than the 3% difference in the house you are selling and this will be a net loss.

Call me today at 480-270-4990 and I will show you how we work different and why it works so well.

We created a new page for one of our favorite Chandler AZ communities, Carino Estates.

Carino Estates is in Chandler’s 85286 zip code and stretches for the mile between Arizona Blvd and Alma School Rd just to the north of Queen Creek Road.

We are going to work on a monthly market update for Carino Estates starting with this one here.

Carino Estates Housing Stats

There are currently only 3 active listings in Carino meaning the supply of houses is only about a month. Meaning, we need more listings!

We currently running a program where we will see your house in 30 days, or we pay you $3,000!

Notice in the last year the price for the home is way up, but the cost per sqft is way down, that has to do with the low number of transactions and in July of 2014 the two houses that closed were fairly small and the houses from this month were larger, averaging almost 850 sqft per house bigger.

The currently demand for houses is about normal for this time of year, the issue we have is the inventory is extremely low.

Does this mean because inventory is so low you can overprice your house and sell it quickly? No, we have seen many people try to do this recently and their house sits and sits, and they need to do price reduction after price reduction. Then they finally get the house down to where it should be and no one wants to pay full list price for a house that has been on the market for 90 days so they end up getting even less than if they had priced it right in the first place.

The tides are starting to change as the buyers pool is slowing down, as we see every year at this time. But with the low inventory, it is still a great time to put your house on the market.

Call me today at 480-270-4990 and I will show you how we work different and why it works so well.