Upcoming Events

West Valley Barbecue Festival

Saturday, January 11, from 4:00 - 10:00 PM
Mark Coronado Park
$10

Race to the Runway: Buckeye Marathon

Saturday, January 11, from 8:00 - 2:00 PM
Buckeye Airport
$20 - $100

Buckeye Days

Saturday, January 25, from 9:30 - 2:00 PM
Downtown Buckeye
FREE

Local Market Update

The real estate market is currently showing a moderate level of inventory with a Months Supply of Inventory at 5.11, indicating a balanced market that slightly favors sellers. However, there has been a significant increase in inventory over the past year, with a 12-Month Change in Months of Inventory at +57.72%. This could potentially indicate a shifting market where buyers may have more options to choose from.

Homes are spending an average of 59 days on the market before being sold, which is a relatively quick turnover time. This may be attributed to the high List to Sold Price Percentage of 99.2%, showing that sellers are pricing their homes competitively and buyers are willing to pay close to asking price.

The Median Sold Price of homes in this market is $365,000, which is a key indicator of the overall health and desirability of the real estate market. This price point may attract both first-time homebuyers and move-up buyers looking for a good value.

Overall, the data suggests that this real estate market is currently favorable for both buyers and sellers. Buyers may have more options to choose from due to the increase in inventory, while sellers are still able to sell their homes quickly and at a high percentage of their asking price. It's a balanced market that offers opportunities for both parties to achieve their real estate goals.

Real Estate Headlines

Consumer Guide: Ten Questions to Ask a Buyer's Agent

The following is a reprint of a consumer guide hosted on the National Association of Realtors website. These guides are meant for educational purposes.

If you’re ready to buy a home, you should feel empowered to find and work with the agent who is the best fit for your needs. Here are ten questions you should consider when selecting an agent:

1. Are you a REALTOR®?

When you work with an agent who is a REALTOR®, you are working with a professional guided by ethical duties under the REALTOR® Code of Ethics, including the pledge to protect and promote the interests of their clients.

2. What types of services can you provide me?

Agents may offer many types of services such as finding you homes that meet your criteria, accompanying you to showings, sharing their analysis of the market and available properties, negotiating on your behalf, and more. For more information about why you should work with a REALTOR®, read about the 179 Ways Agents Who Are REALTORS® Are Worth Every Penny.

3. How well do you know the markets where I am searching for a home?

Your agent must be licensed where you are buying a home. But they should also have the market knowledge to help you successfully find a home where you are searching.

4. Do you have experience working with buyers in my situation?

Many agents specialize in working with certain types of buyers, such as first-time buyers and veterans. Some also earn the Accredited Buyer’s Representative designation to gain specialized skills in working with buyers. Ask your prospective agent about their experience and any designations or certifications they have earned related to working with buyers like you.

5. Can you tell me about your approach to scouting properties?

Agents and brokerages across the country have different business models and use and provide various technology, tools, and resources to inform their search process. Discuss with your prospective agent how their unique approach will help you find the right home.

6. What will be included in our written buyer agreement?

Once you are working with your agent and before you tour a home together, your agent may be required to enter into a written buyer agreement with you that outlines the services the agent will provide you, and what they will be paid for those services. These agreements are fully negotiable.

7. How long will we work together?

Talk with your prospective agent about how long you would like to work together and ensure you feel comfortable with that arrangement. This term could be set out in your written buyer agreement.

8. What are my options for paying you?

Agent compensation is fully negotiable and can take many forms, such as a flat fee, a percentage of the purchase price, or an hourly fee. The written buyer agreement will contain the amount of compensation you agree on. You can also ask the seller to pay your broker’s compensation as part of your purchase offer or, in cases where a seller offers a concession, you may be able to use the funds to pay your broker for the value and services they provided you.

9. Can you recommend service providers who can help me obtain a mortgage, make home repairs, or support other closing tasks?

Your prospective agent may have prior experience or trusted relationships with providers in the area where you are purchasing a home and can be a great resource for facilitating these introductions.

10. Do you have references I can speak with?

Many agents will be happy to connect you with satisfied clients they have worked with in the past who can speak to their experience.

Household Tip

Organize That Garage

As winter arrives in Phoenix, it's the perfect time to organize your garage while temperatures are mild. Here are some smart garage organization tips:

• Install vertical storage solutions like wall-mounted racks and pegboards to maximize space and keep summer items off the floor

• Create a dedicated "winter activities" zone for easy access to camping gear, hiking equipment, and outdoor cooking supplies

• Use clear, labeled storage bins to protect items from dust and make contents easily visible

• Install ceiling-mounted storage racks for seasonal items like pool supplies and summer gear

Remember to:

• Clean and inspect stored summer equipment before storing

• Check weather stripping and seals to keep dust out

• Consider a dehumidifier to protect stored items

Quick Tip: Use this organization opportunity to donate or dispose of items you haven't used in the past year.