The Connie Colla Group: Some Cities Are Hot And Some Are Not in the Valley

by Connie Colla

Some Valley cities are hot, some are not when it comes to real estate right now in the Valley. So where does your city stand in market strength as we try to get the market going again? So, let’s jump in with a rundown of how everyone ranks. We start by revealing the bottom of the list!

Buckeye, you are in a strong buyer’s market. In fact, Maricopa, Goodyear, and Queen Creek are all considered in a buyer’s market, and only Maricopa is gaining strength in that category.

This week, the cities in a balanced market include Cave Creek, Surprise, and Paradise Valley. Paradise Valley, you continue to weaken and are just 2.5 from moving to a buyer’s market on the CMI scale.

WATCH FULL REPORT HERE

(The Cromford Market Index reads like this: 0-90 is a Buyer’s Market, 91-110 is a Balanced Market, 111+ is a Seller’s Market)

So now for the top 10 markets in the Valley (and here is some great news!), a majority of these cities are gaining in strength for the first time in a long time: At number 10, Peoria; nine Scottsdale, eight Phoenix, seven Avondale, six Tempe, five Mesa, four Fountain Hills, three Glendale, two Gilbert, and number one on the Cromford Market Index… Chandler! Whoot whoot! Congratulations.

Buyers and sellers take heart. Buyers, there are lots of opportunities out there right now. Sellers, the market strength is coming back for you… slowly, slowly — or, as we Italians say, “Piano, piano.”

Speaking of musical instruments (I know I sound like a broken record when I say this, but it’s true!), Who You Work With Matters — especially when times are tough. Make sure your Realtor studies the market! It’s critical. I’m Connie Colla, owner of the Connie Colla Group in Scottsdale, Arizona. Call me anytime you have questions about the market.