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Market Conditions in Queen Creek : Real Estate Advice

  • All233
  • Local Info19
  • Home Buying86
  • Home Selling14
  • Market Conditions10

Activity 13
Tue Feb 10, 2015
Jan Pickering answered:
Oh yes ...for sure. The phone is ringing and buyers are starting to look online again.
0 votes 3 answers Share Flag
Wed Oct 22, 2014
Jan Pickering answered:
Financing is still tight, low inventory....and people watch the news...its scares us all!
0 votes 1 answer Share Flag
Wed Oct 22, 2014
Edward Maddox answered:
Mon Jul 14, 2014
Rebecca Kallhoff Team answered:
Greg hit this one on the head for you!

Rebecca Kallhoff
1(480)275-9566
rebeccakallhoff@remax.net
www.RebeccaSellsAZ.com
0 votes 5 answers Share Flag
Sat Mar 29, 2014
Myra Peric answered:
Maria,
Queen Creek is the 4th best rated public school system in the state of Arizona, and the first best in the county of Maricopa! The number one rated public school system is Basis which is a charter school system.

We beat out Higley, Gilbert, and Paradise Valley!

http://www.azed.gov/blog/2011/05/12/top-school-district-ranking/

Sincerely,
Myra K. Peric
Associate Broker
Homesmart Success
... more
0 votes 4 answers Share Flag
Fri Nov 1, 2013
Scott Caldwell answered:
Hi Pcakes11,

What a great looking home you've found!
Photos seem to show that it has been well taken care of. Always good to preview as photos don't capture everything!
This property is a Short Sale and is currently listed at $185,000.
Are you familiar with how Short Sales work and what the process is?
Contact me for more details about this home and/or about Short Sales.
I can also search for similar homes in the nearby area for comparison or as other possibilities!

Queen Creek has bounced back in the last couple of years.
It has been a Sellers market for the last year and a half, and we are starting to see the market normalize. Still a great opportunity to buy as rates are still near historic lows!

I would love to hear back from you on any other questions you may have!
Take care,
Scott
... more
0 votes 2 answers Share Flag
Wed Aug 28, 2013
Rebecca Kallhoff Team answered:
Were you looking to buy this property?
I would love to help you out with finding out how to purchase it from the owner.
Please feel free to give me a call whenever is convenient for you!
480-275-9566

PS. I look forward to working with you in the near future!
... more
0 votes 3 answers Share Flag
Wed Jul 11, 2012
Karen Berg answered:
Hi Shelley!
Do you own a home near here? Langley Gateway has really increased in value since January of this year:-) Depending on your home size, many are up over 30%! My office is nearby on Old Ellsworth. I would be honored to interview for the job of helping you. ... more
0 votes 3 answers Share Flag
Sat May 19, 2012
Karen Berg answered:
Hi Virginia,
In the Queen Creek area, housing values have been rising, not dropping! So. although none of us, including me, has a crystal ball, they are not likely to drop in 2012.
0 votes 2 answers Share Flag
Tue Oct 26, 2010
Jessica Sulliman answered:
Hi Joel!

I live in this neighborhood AND used to sell for Pulte Homes here! I have a client that just purchased a Harley, NON REO/Short Sale for $152k. That was a great price, the comps range into the $170's! I can run more accurate comps for you if you give me a specific address. Also, if you know of someone interested in selling, I specialize in traditional, REO & short sale listings and my husband works with our buyers.
We can assist in whatever way you may require. We do pay referrals to out of state brokers.

Please let me know if we can be of service,

Jessica Sulliman
Ashby Realty Group, LLC
602-677-7977
jsulliman@hotmail.com
... more
0 votes 2 answers Share Flag
Sun Jan 11, 2009
Jeff Blair answered:
Steve, everyone is guessing in the Queen Creek market. I know for sure that we are selling a lot of homes here. I, like most people are upside down on my home equity but Pinal county is still the fastest growing county in the US according to a recent report. There are only so many homes that were built here and when the supply of bank owned and short sale homes is exhausted we will gain some equity quick. The builders have hardly any inventory and when the nations market picks up ours will boom again. It is another beautiful day in the valley of the sun and people want to live here. I am very optimistic about the future of this area.
Jeff Blair
... more
1 vote 2 answers Share Flag
Sun Apr 6, 2008
David - Appraiser answered:
Tom - No one can predict the future. There are many in the field that believe they are all-knowing and provide a speculated wild guess at best. Roughly speaking, there is over a 12 month supply of inventory in the Queen Creek area (both in Maricopa and Pinal Counties combined) with more short sales and bank owned properties being added to the supply each month (County Recorder Data). Single family homes are selling at an average rate of roughly 140 - 150 per month based on the past 3 months. The market area is also still considered declining overall from my stats. In addition the QC market area has roughly 200 single family active rentals needing sold or leased to compete with, not to mention new construction. If by chance you are facing a rate increase in the near future or possible loss of tenants, and in need of disposing before either occurs, you may be able to find a buyer wanting a rental with instant cash flow, but you also need to consider the average market time and exposure time for sales. ... more
0 votes 3 answers Share Flag
Tue Jan 22, 2008
Mr.P answered:
Tom,

Dave is correct there are two parts of Queen Creek. The upper creek, and the lower creek.

When will the Market recover? That is such a tough question. What I do know is that the upper creek will eventually recover, and begin appreciating in value. 2 to 4 years

The Neighborhoods in the lower creek will take twice as long. It would not be fair to say "If" the lower creek recovers. Eventually everything " should " recover.

There are many state economic factors that play into the recovery.
I am concerned that there are neighborhoods in the lower creek which may not recover from their current "Stigma" for several years.

This past week I performed extensive comps on a neighborhood in the lower creek. Of This one neighborhood. 53% of the active listings were REO`s or Short Sales.
... more
0 votes 2 answers Share Flag
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