Is the Current Pace of Home Sales Maintainable?

Is the Current Pace of Home Sales Maintainable? | Simplifying The Market

There are some experts questioning whether the current pace of residential home sales is maintainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market.

Why the concern?

Some are looking at the last four years of home sales and comparing them to the three years just prior to the housing bubble. Looking at the graph below, we can understand that thinking.

Is the Current Pace of Home Sales Maintainable? | Simplifying The Market

However, if we go further back in history, we can see the real picture. After taking out the “boom & bust” years, the pace of sales is growing at quite a natural pace.

Is the Current Pace of Home Sales Maintainable? | Simplifying The Market

And new home sales are way below historic numbers. Dave Liniger, Re/Max CEO explains:

“We expect a seasonal uptick in sales this time of year and March certainly met and somewhat exceeded that expectation. We don’t anticipate the tightening inventory to ease up in most markets until new home construction can catch up to its pre-recession pace. Until then, sellers will enjoy a fast-paced market and buyers will need to work with their agents to get in the right home.”

Bottom Line

The current pace of residential home sales definitely seems maintainable and that is good news for buyer and sellers.

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25645 W Blue Sky Drive Wittmann, AZ 85361

$649,000
4 Beds
2 Baths
2,139 SqFt
Status Active
MLS # 6650375
Property Type Single Family Residence
Price Type --
Easy To Show, Over 1 Acre Horse Property on this beautiful 4 bedroom, 2 bathroom single family home located in Wittmann, AZ. Comes with a Separate Fenced Pool Area to cool off in the summer heat! A Split Floor Plan 2 40 foot Cargo Containers. 2 Horse Stalls, Covered RV Parking. and a 50 ft portable round Horse Exercise Ring. Beautiful backyard with trees to provide shade perfect for a family event. Has an open garage with lots of available space to leave your vehicles in, 2 RV Hook-ups and 2 Container Storage units, Leased Solar Panels to reduce Electric Bills, and Additional Storage Shed.

1511 E Luminous Lane Queen Creek, AZ 85140

$649,000
3 Beds
2.5 Baths
2,282 SqFt
Status Active
MLS # 6716533
Property Type Single Family Residence
Price Type --
$$ ALERT $$ This exact model just went pending on golf & asking $1,249,000. What a bargain at this price. Add your own updates and be well under value with a one-of-a-kind just over 12,000 sq. ft. Step outside past the double rolling walls of glass and enjoy the private backyard with mature trees. You'll find stone pavers, built in BBQ, fire pit and turf grass. Inside the home you will find the perfect space to entertain. Step into the primary suite and relax in the sitting room with a good book and glass of wine. Front guest bedroom allows privacy for anyone visiting. The home also offers a ''smart space'' in the laundry room for additional work space and cabinets. The golf cart garage provides more storage as well.

4226 E Everett Drive Phoenix, AZ 85032

$649,000
3 Beds
2 Baths
1,267 SqFt
Status Active
MLS # 6750491
Property Type Single Family Residence
Price Type --
Welcome to this tastefully remodeled and well cared for home in a desirable neighborhood. The flooring in the great room ties together the living room, dining area and a kitchen that features quartz counters and a brand new complete appliance package. Both the primary and hall bathrooms have been completely remodeled with upscale finishes. The 2-car garage has epoxy flooring, and the walls and attic rafters have been foam insulated for improved energy efficiency. The front yard is nicely landscaped and the walled-in backyard has a large natural grass area with plenty of room for the future addition of a swimming pool. The neighborhood is located less than 2.5-miles from the reimagined PV dining, entertainment, and retail experiences. Come discover your new home.

345 E Palomino Court Gilbert, AZ 85296

$649,000
5 Beds
2.5 Baths
2,376 SqFt
Status Active
MLS # 6727415
Property Type Single Family Residence
Price Type --
Move-in-ready Home in prime location, Gym & pool amenities across the street & walking distance to downtown Gilbert for dining & entertainment. Extensively remodeled with $150,000 in recent upgrades, featuring a luxurious master bathroom with large walk-in shower and freestanding 70'' soaking tub. All 2.5 bathrooms showcase quality tiled floors and walls. Elegant plantation shutters throughout, custom wood floors, crown molding, stairway, and fireplace enhance the home's appeal. The 5 bedroom and 3 car garage provide ample space for all. The kitchen boasts contemporary features: oversized sink, granite countertops, peninsula with a breakfast bar, high quality soft-close cabinets with lazy susan corners, new pantry with frosted glass doors and under-cabinet lighting. Recessed lighting and new fixtures illuminate the home beautifully.Outside find new sunscreens and an energy efficient A/C replaced in 2018. Enjoy the quiet cul-de-sac setting with easy access to the community park, basketball/pickleball court, and playground. This rare 5 bedroom find combines comfort, style, and location! A MUST SEE!

22706 N 17th Street Phoenix, AZ 85024

$649,000
4 Beds
2.5 Baths
3,181 SqFt
Status Active
MLS # 6738561
Property Type Single Family Residence
Price Type --
Spacious 2-Story Home: 4 Bbds, 2.5 Bths, Office and Enormous Loft! This stunning home has space for everything you need! Step inside to discover a versatile office or flex space, perfect for a home office or playroom w/ beautiful laminate flooring. The open-concept kitchen and dining area create an inviting atmosphere for both everyday living and entertaining. The primary bedroom is conveniently situated on the main level, featuring laminate flooring, an en-suite with a shower and tub, and a huge walk-in closet. New carpeting throughout! Upstairs, you'll be amazed with The Giant Loft! Option to build a 5th bedroom. A sizable laundry room with shelving storage. Three Large Bedrooms, all with walk-in closets. Backyard has a view fence and no neighbors behind, giving you ultimate privacy! Living in the Eagle Bluff community means you have access to top-notch education just a short walk or bike ride away to the nearby schools. The location is unbeatable. Enjoy outdoor activities at the Reach 11 Park or the Cave Buttes Recreation Area. Shopping proximity to Desert Ridge and the Shops at Norterra. You're also moments away from major highways like Loop 101, the 51, and I-17, making commuting a breeze. Plus, Costco is just a few minutes south! Don't miss your chance to make this dream home your reality!

7007 S Sipapu Court Gold Canyon, AZ 85118

$649,000
5 Beds
3 Baths
2,839 SqFt
Status Active
MLS # 6742466
Property Type Single Family Residence
Price Type --
Your patience has paid off! This is the one! This beautiful 2,839 sq/ft home is located in the coveted subdivision of Hermosa Hills in the prestigious Gold Canyon! Tucked away on a massive1/3 acre lot in a very quiet culdesac and backs to State Trust Land so no backyard neighbors! HOA only $54 A YEAR! Talk about pride of ownership...The current homeowners left no stone unturned! 2 brand new 55 gallon water heaters. Enjoy the 5 bedroom PLUS loft. Downstairs bedroom off the garage entrance. The primary bedroom has an outdoor patio that overlooks the mesmerizing and priceless views of the beautiful Superstition Mountains. Tranquility and Peace at its finest! Just minutes away from local shopping, entertainment, multiple award winning golf courses and so much more! This home is true gem!

206 S Sunset Pass Payson, AZ 85541

$649,000
4 Beds
4 Baths
2,736 SqFt
Status Active
MLS # 6747764
Property Type Single Family Residence
Price Type --
Charming 4-Bedroom Home with Breathtaking Views of the Mogollon Rim & Granite Dells Welcome to your dream home in the prestigious Highlands at the Rim subdivision, ideally located just outside the gates of the Rim Golf Club. This stunning 2,736 sq. ft. residence offers 4 spacious bedrooms and 4 beautifully appointed bathrooms, providing ample space for family and guests. Step inside to discover an open floor plan with soaring ceilings and abundant natural light, highlighting the breathtaking views of the Mogollon Rim and Granite Dells. The main living area seamlessly flows into a well-equipped kitchen, perfect for entertaining or enjoying quiet family meals. A versatile loft area adds a unique touch, offering the perfect space for a home office, media room, or additional living space. The potential in-law quarters, featuring a private entrance, provide an ideal setup for multi-generational living or guests seeking privacy. Outdoor enthusiasts will appreciate the home's proximity to the Rim Golf Club, where world-class golf and outdoor adventures await. Whether you're enjoying the serene landscape from your deck or exploring the nearby trails, this home offers a lifestyle of tranquility and natural beauty. Don't miss this rare opportunity to own a piece of paradise with unmatched views and exceptional living spaces. Schedule your private tour today!

7710 E Gainey Ranch Road Unit 133 Scottsdale, AZ 85258

$649,000
2 Beds
2 Baths
978 SqFt
Status Active
MLS # 6747694
Property Type Townhouse
Price Type --
Updated ground floor unit with fantastic patio and no steps! This 2-bedroom, 2-bathroom townhouse boasts an oversized patio perfect for entertaining or relaxation. Located on the first level with a garage, this home is situated in the serene community of The Courts at Gainey Ranch. Just steps away from the newly renovated Estate Club at Gainey Ranch, enjoy the lifestyle of tennis, pickleball, a workout facility, two heated pools and spas, and an events center. HOA includes almost everything!

902 E Goldenrod Street Phoenix, AZ 85048

$649,000
3 Beds
2 Baths
1,927 SqFt
Status Active
MLS # 6748472
Property Type Single Family Residence
Price Type --
Don't miss your chance to own in this highly sought after community. This freshly polished gem is nestled at the base of South Mountain, offering resort-like views and a private backyard perfect for sunsets and stargazing. Recent upgrades include a refreshed pool, kitchen and bathroom updates and new flooring throughout. Located in the top-ranked Kyrene School District, this home is just steps from playgrounds and park concerts. This home checks all the boxes.

12603 W Blackstone Lane Peoria, AZ 85383

$649,000
5 Beds
4 Baths
2,943 SqFt
Status Active
MLS # 6762420
Property Type Single Family Residence
Price Type --
Beautifully Upgraded 5 Bed 4 Bath home with attached Casita with a separate entry door. This move in ready home has 2943 Sqft. of total living space. There is one bedroom on the main floor, along with a separate bathroom that has a shower/tub combo. The Casita has an additional bedroom. The kitchen includes Granite Countertops, Stainless Steel kitchen appliances, upgraded kitchen cabinets, a spacious pantry, and kitchen island with separate breakfast bar. and a separate formal dining room. There is a large Great room for family enjoyment too. Upstairs has 3 bedrooms and a good sized loft with a separate small workspace/craftroom . The laundry room comes with extra storage cabinets. The backyard provides an extended covered patio with paver flooring. Next to it is a built -in, gated, private pool with water feature. The garage has built-in cabinets and a water softener connected to the main waterline. Located in the sought-after Vistancia community, residents enjoy access to a plethora of amenities including parks, trails, a gym, 3 pools, waterslides, tennis & pickleball courts!

20364 N 52nd Avenue Glendale, AZ 85308

$649,000
3 Beds
2 Baths
1,532 SqFt
Status Active
MLS # 6762638
Property Type Single Family Residence
Price Type --
Welcome to your dream retreat! This stunning single-level home features an inviting open concept design, highlighted by new paint, new light fixtures, new carpeting in the great room and elegant bamboo flooring in the bedrooms. The expansive 15-foot sliding glass doors effortlessly blend indoor and outdoor living, leading to a sparkling heated self-cleaning pool with breathtaking views of the tranquil lake and majestic mountains.Nestled in a serene cul-de-sac, this home offers direct trail access for outdoor enthusiasts and a brand new dock perfect for canoeing, kayaking, catch and release fishing and relaxing by the water. The spacious primary bedroom boasts a huge closet, providing ample storage, while the beautifully remodeled bathrooms feature luxurious finishes, including seamless glass showers and a jetted tub for ultimate relaxation. Additional highlights include exquisite marble flooring, plantation shutters throughout for added privacy, and a recently replaced HVAC system ensuring comfort year-round. With easy freeway access and proximity to Scottsdale and Westgate, this home truly embodies the perfect oasis for those seeking both convenience and tranquility. Don't miss your chance to make this remarkable property your own!

11214 W Sunflower Place Avondale, AZ 85392

$649,000
4 Beds
2 Baths
2,382 SqFt
Status Active
MLS # 6763884
Property Type Single Family Residence
Price Type --
GARDEN LAKES! Do you want a house with some character on the lake? Enjoy the comforts of this single story, lake front home with low Maintenace landscape and private deck to dock the peddle boat along with outdoor furniture (INCLUDED) to enjoy the outdoor wildlife and or catch and release fishing. Large spacious rooms with vaulted ceilings with wood beams and lots of natural light and expansive lake views. New A/C unit 2yrs old, with a Nest Thermostat, Newer Roof 4yrs old, updated kitchen, updated main bedroom bath, and other custom features. New carpet to be installed or credit to buyer for flooring. Motivated Sellers so all respectable offers considered. Owners relocating so they are selling personal items also. (separate transaction) This is a must see!

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