In response to a Sellers’ wonderment about the state of the Sabino Mountain housing market I had to tell them it is not a Sellers’ Market. Seems a real estate agent told them that was the case. A Sellers’ Market happens when houses usually stay on the market for less than a month’s time and many times they get multiple offers on their house that is for sale. This is not happening here except in rare circumstances- many times when either the Sellers get lucky or the house is priced too low. The real estate market is slowly but steadily improving in the Catalina Foothills but there is only slight sales price appreciation seen from sales in the past few years. In a Sellers’ Market prices appreciate rather quickly and while we are hoping this will happen to us, that fast paced housing market has not occurred in our market yet. Interest rates have gone up but remain near historical lows so it is always a good time to buy or sell if you have realistic expectations.
If you want to know what your home is worth because you are thinking of selling, give me a call at 520-615-2598 or email me at Donna@DonnaAnderson.com. I promise excellent service; let my 30+ years of experience work for you! I have sold 15 in our community and have resided in beautiful Sabino Mountain for almost 14 years.