Upcoming Events

Woman's Self-Defense Seminar

Thursday, May 2, from 7:30 - 8:30 PM
13235 W Thomas Rd, Goodyear, AZ
FREE

Sonny de Mayo 🇲🇽

Friday, May 3, from 5:30 - 9:30 PM
Sonny’s Boxing Gym
108 E Western Ave
FREE

Movie and Food Truck Night: Featuring Wonka

Friday, May 10, from 5:30 - 8:30 PM
North Lake Amphitheater
FREE

Goodyear Night Market

Sunday, May 26, from 5:00 - 9:00 PM
Goodyear Civic Square
FREE

Local Market Update

In analyzing the current real estate market, we see that the Months Supply of Inventory is at 4.21, indicating a balanced market where the supply of homes is meeting the demand from buyers.

The 12-Month Change in Months of Inventory has increased by +46.69%, suggesting a slight increase in the number of homes available for sale compared to the previous year. This could potentially lead to more options for buyers and a more competitive market for sellers.

The Median Days Homes are On the Market is 51, which is relatively low and indicates that homes are selling quickly in this market. This could be attributed to the balanced inventory levels and high demand from buyers.

The List to Sold Price Percentage is at 98.9%, indicating that sellers are typically receiving close to their asking price when their home sells. This suggests that homes are priced competitively and are in demand among buyers.

Lastly, the Median Sold Price is $466,490, reflecting the average price at which homes are selling in this market. This information can be helpful for both buyers and sellers to understand the current pricing trends in the area.

Overall, the data suggests a stable and active real estate market with a good balance between supply and demand, quick sales, and competitive pricing. Buyers and sellers can use this information to make informed decisions when buying or selling a home in this market.

Real Estate Headlines

Navigating Today's Dynamic Housing Market

It's an interesting time in the housing market! Despite rising mortgage rates and home prices, the market remains active. Currently, the 30-year fixed-rate mortgage has climbed to 7.17%, the highest since last November. Even with these challenges, home sales are surprisingly robust. New home sales are up, showing strong market activity while existing home sales have slightly declined.

Experts suggest that buyers negotiate with sellers on closing costs or rate buydowns to manage costs. There's a positive outlook for 2024, with home sales expected to rise by 9% and prices to increase by about 1.8%, aligning with inflation and wage growth.

Inventory is slowly growing, helping balance the market a bit more. If you're in the market to buy, now might be the time to find a home, even if snagging a "dream deal" might be tough this year.

Stay tuned, stay prepared, and let's navigate this market together!

Household Tip

Spring Home Maintenance: Essential Tips

Spring is the perfect time to spruce up your home! Here’s a quick guide to the top maintenance tasks to keep your home running smoothly:

HVAC Tune-Up: Transitioning from heating to cooling? Schedule a professional HVAC check to clean air ducts, replace filters, and ensure efficiency. A well-maintained system prevents breakdowns and saves on utility bills.

Seal Doors and Windows: Check and re-caulk any deteriorated caulking around doors and windows. This prevents drafts and reduces your cooling costs.

Safety Equipment Check: Ensure all smoke detectors and carbon monoxide detectors are functioning by testing and replacing batteries. Also, check and replace expired fire extinguishers.

Termite Inspection: Prevent termite damage by having a professional inspect and treat your home if necessary. Early spring is key to catching infestations before they worsen.

Pool Maintenance: Get your pool summer-ready by cleaning, checking the pH levels, and inspecting the filtration system. Repair any damages to enjoy a safe and refreshing swim season.

Tackle these tasks now for a stress-free, safe, and efficient home this spring!

Local Business Spotlight

Lake Side Grill at Starpointe Residents' Club

Nestled by the tranquil North Lake at the Starpointe Residents Club in Estrella Mountain Ranch, Lake Side Grill is celebrated for its stunning views and relaxed, casual ambiance. The menu, though modest, impresses with every dish making a mark for its quality.

Diners have the option to enjoy their meal indoors or soak up the natural beauty outdoors by the lake, making it an ideal spot for a relaxed gathering with friends and family. The service at Lake Side Grill matches the setting, with attentive yet unobtrusive staff ensuring a seamless dining experience.

A standout feature is the Thursday Prime Rib special, known for its generous portions and perfect seasoning. And for dessert, the Toffee Cake is highly recommended—it’s a delightful treat that’s meant to be shared.

Location: 17665 West Elliot Road, Starpointe Residents' Club, Goodyear, AZ 85338

Whether you're celebrating a special occasion, looking to unwind, or simply in search of a great meal with a view, Lake Side Grill promises a memorable dining experience that’s sure to delight.