West Valley Home Sales Remain Robust

The Arizona Republic (West Valley) reports that the number of listings in the West Valley market area has risen from 628 in April to 713 in May, and the median price stood at $210,000, up from $190,000 in April. In May it took an average of 24.4 days to sell a home in the W. Valley, compared to 27 days in April. This is still one of the hottest market areas in the Valley, with homes priced under $200,000 becoming harder to find. "At the very low end, the competition is so fierce it's frenzied," said Greg Swann, a Realtor with Bloodhound Home Marketing Group. Buyers are still having to make 5 or 6 offers before they can land a resale home. The article also states that the West Valley is still attracting investors. More...