How to Tell if the Market is Improving in Gladden Farms
Looking at Gladden Farms overall, I believe it is an improving market:
Looking at the Gladden Farms Homes for Sale statistics very early this morning, I see that there are currently:
- 28 active listings
- 4 REO (foreclosed-upon properties, or real-estate owned)
- 3 SS
- 10 NConst
- 11 Conventional existing construction listings
69 have closed, or sold, in the past 6 months
- 13 of them REO
- 19 of them SS
- 16 NC
- 21 Conventional resales
- 30% of sales are conventional resales
- 54% of sales were not distressed
39 have closed in the past 3 months
- 5 of them REO
- 6 of them SS
- 10 NC
- 15 Conventional resales
- So, 38% of sales are conventional resales
- and 64% are conventional sales
Looking even closer, in the past 6 weeks, there have been 16 closings
- 3 of them REO
- 2 of them SS
- 2 NC
- 9 conventional resales
- So, 56% of sales were conventional resales
- and 69% are conventional sales
So in a nutshell, the distressed inventory is dwindling and the conventional sales and new construction sales are leading the market - helping appraisers to base values on non-distressed properties and helping out the home seller.
I recently listed a cute little three bedroom home just over 1300 square feet for $142,500. The seller had four offers in 48 hours....2 written, and 2 verbal.
If you are thinking of selling your home in Gladden Farms, Marana, AZ, please give me a call. I'd be happy to share what I know about the current market. Thinking of selling--call a Marana neighbor!
If I can assist you in your home buying or selling in Marana, Tucson, Oro Valley, or Vail, please don't hesitate to call me! Email at swdeserthomes@aol.com
Cara Marcelle Mancuso, Long Realty, (520)909-2988
Regarding the material posted in my blog postings, these are my personal opinions and not those of Long Realty Company
All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
