Home Buying in 85142>Question Details

Empbos, Home Buyer in 85142

Where do you predict home prices in Queen Creek to go? Do you think they will get much lower?

Asked by Empbos, 85142 Tue May 24, 2011

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5
No one has a crystal ball but the competition is fierce right now so I doubt it. There are people lining up for every foreclosure. When bidding wars become the norm the market is turning.
0 votes Thank Flag Link Wed May 25, 2011
It's difficult to say but one thing is clear, you can buy in Queen Creek cheaper than you can build (and that kind of thing won't stay around forever)!

Fred Weaver
Group 46:10
480-449-6642
0 votes Thank Flag Link Wed May 25, 2011
If you are attempting to time the bottom of the market, don't. While the Queen Creek and San Tan Valley market seems to be picking up momentum according to the agents on this page our government has printed money at an alarming rate. So much so that inflation is a concern and with inflation interest rates will certainly rise. I encourage you, if you are going to buy and want a low interest rate do so now. If you want to buy a home and get a good price (only you can define your good price) then I recommend you buy now. I was told by a lender that used to make well over 100k a month that it is always better to buy on the decline near the bottom then on the upswing, competition is less and panic buying is non existent at that point. But, much as what we saw 5-6 years ago people panic bought on the upswing and now they are in trouble, upside down, or in foreclosure. Good Luck!!

Matt Puzz
Licensed Loan Originator
Amerifirst Financial, Inc.
1910 S. Stapley Drive #209
Mesa, AZ 85204
Direct: 602-410-9333
Office: 480-682-6617
Fax: 480-344-3687
NMLS# 213777 AZ LO-0915068
Apply Online: http://www.mattpuzz.com
Web Reference: http://www.mattpuzz.com
0 votes Thank Flag Link Tue May 24, 2011
Dear Em:

The Queen Creek market has been driven by foreclosures and short sales. Foreclosures are on teh decline throughout the Phoenix metro. Investors have been snapping up QC and STV foreclosures in sometimes less than 1 week for cash. One home that my client bid on in San Tan Valley had 11 offers in the first few days after the bank listed in. Many of the offers were from cash investors. The prices were bid up from the list price.

These are signs that although prices are still slow, things may be changing soon.

Jeff Masich, Realtor
Arizona Homes and Land
HomeSmart
Web Reference: http://ArizonaHomesLand.com
0 votes Thank Flag Link Tue May 24, 2011
The Queen Creek/San Tan Valley market has been showing strength with many of the correctly priced homes selling very fast, often with multiple offers. The rate of foreclosures has begun to fall off and inventory of homes is dropping, a combination that typically indicates an improving market.

The area is also likely to do very well long term with the growth around the airport and the freeway extension in the coming years.

Arizona Homes for Sale by a Guy from Iowa
Web Reference: http://www.McVinua.com
0 votes Thank Flag Link Tue May 24, 2011
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