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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23081 E Camina Buena Vista Queen Creek, AZ 85142

$639,900
4 Beds
3 Baths
2,308 SqFt
Status Active Under Contract
MLS # 6765773
Property Type Single Family Residence
Price Type --
SEE THE BEST HOME ON TOUR! Over $100k in today's value for upgrades w/ pool, spa, turf, corner lot, fireplace, wine bar, & much more! This 4-BR, 3 Bath SS popular floor plan has easy access to Meridian Rd & the 24. Wainscoting accent walls take you to the immediate views of the pool with rock waterfall located through the huge multi-slide door! Great room & Kitchen features custom built ins, wine bar, huge island w/ front storage, back splash, & upgraded 42'' upper cabinets with lighting. gas stove, & all stainless appliances. Large owner suite includes a barn door, large walk-in shower, double sinks, and huge closet. Split floor plan has 1 BR near full bath and 2 other BRs separated by den and full bath. RO, H2O Softener, driveway extension, tankless H2O heater. Highly desired community!

3817 E Irma Lane Phoenix, AZ 85050

$639,900
4 Beds
2 Baths
1,782 SqFt
Status Active
MLS # 6743565
Property Type Single Family Residence
Price Type --
Explore your dream home in Wildcat Ridge with this 4-bedroom gem that backs onto an open, unobstructed area. This property features vaulted ceilings, wood and tile floors, and plantation shutters. The spacious living room and bright great room offer perfect spaces for relaxation and entertainment. The kitchen is a chef's delight with white cabinetry, built-in appliances, a pantry, sleek granite counters, and a center island with a breakfast bar. The main suite provides a serene retreat with a private bathroom boasting dual sinks, a soothing tub, and a walk-in closet. Added convenience comes from a laundry room with extra storage. Outdoors, enjoy a covered patio, paver patio, and ample space for gatherings. It won't disappoint! Experience this captivating abode yourself! Easy access to Desert Ridge Marketplace, High Street, Marriott, Golf, American Express, Mayo Hospital and ASU medical campus. Then jump on the 101 for easy access to Scottsdale, Spring training, airport and more.

17667 N 54th Avenue Glendale, AZ 85308

$639,900
4 Beds
2.5 Baths
3,596 SqFt
Status Active
MLS # 6783835
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the highly sought-after Touchstone Community! This inviting 4-bedroom residence w/a 3-car garage is perfect for entertaining & creating lasting memories. Discover the bright & airy living room, raised formal dining room, & a sizable family room. A blend of tile & wood-look flooring, soaring vaulted ceilings, & ceiling fans are worth mentioning. Well-appointed kitchen offers recessed lighting, built-in appliances, a handy pantry, granite counters, a center island w/a breakfast bar, abundant cabinetry topped w/crown moulding, & a breakfast nook. You'll LOVE the carpeted primary retreat, featuring an ensuite w/dual sinks, make-up desk, & a walk-in closet. Additionally, this haven includes a den/office & bonus room ideal for an extra bedroom or recreation center. Serene backyard will impress you w/a covered patio, exterior fireplace, play area, & a refreshing pool. This gem is sure to sell fast!

11256 E Ulysses Avenue Mesa, AZ 85212

$639,900 - 5Br/5Ba -  for Sale in Destination At Gateway East Phase 1, Mesa
Open House
$639,900
5 Beds
4.5 Baths
3,063 SqFt
Status Active
MLS # 6786059
Property Type Single Family Residence
Price Type --
Welcome to this Gorgeous 5BRs/4.5 Baths, plus Loft, 3058 Sq. feet Gem. There is a Full BR/with an Attached Bathroom downstairs for your convenience along with a Powder Bath. The Flooring consists of the Upgraded Tile in all the Right areas. Stunning Kitchen comes with Granite Countertops, White Shaker Cabinets, Stainless Steel Appliances, and a Spacious Island. Going Upstairs, you are immediately greeted with the Can't miss-Oversized Loft. All the Rooms upstairs have Walk-In Closets. The Laundry provides plenty of space for all of your Use. The Larger than Life Backyard has been given a Makeover with the addition of Artificial Turf with Plenty of Room for more Ideas. Front Drive way Pavers have been extended all the way out to the Side gate for extra comfort. Home has been extremely well cared for. Why Buy Brand New when you can have a Gently used one with all the Added Updates Minus the Extra expense.

18321 E Spring Valley Court Rio Verde, AZ 85263

$639,854
2 Beds
2 Baths
1,678 SqFt
Status Active
MLS # 6765037
Property Type Single Family Residence
Price Type --
Welcome to this beautiful home in the Resort Collection at Trilogy at Verde River. The Valletta offers a well-thought-out layout with 2 bedrooms, 2 bathrooms, and an open office. The great room has a multi-slide glass door. You will love the Gourmet Chef kitchen with stainless steel wall appliances. The back patio is expansive with pavers and an extended patio. The primary suite has a lavish ensuite with a huge tiled shower and walk-in closet. Do not miss out on this home The amenities at Verde River are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickleball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails.

3408 W Via Del Deserto -- Phoenix, AZ 85086

$639,500
4 Beds
3 Baths
3,011 SqFt
Status Active
MLS # 6763352
Property Type Single Family Residence
Price Type --
Pride of ownership shows in this beautiful home located in the desirable Tramonto subdivision. This home sits on a premium lot with common area to the East and North. One of the 4 bedrooms is on the lower level making a great office, guest suite or playroom. The large loft works also works great for those work-from-home individuals. The exterior of the home has a fresh coat of paint, and the entire home has been meticulously maintained by the original owners. Location in the community is perfect and in walking distance to school for your k-8th graders. You don't want to miss this great opportunity!!

19973 N Half Moon Drive Surprise, AZ 85374

$639,500
2 Beds
2.5 Baths
2,732 SqFt
Status Active
MLS # 6764824
Property Type Single Family Residence
Price Type --
Picture yourself hosting gatherings in this spacious & versatile 2,732 sf Ironwood Estate.Discover a seamless flow between the living room, dining area, family room & kitchen, creating a perfect space for relaxing or entertaining.Gourmet kitchen with built in ovens, island, an abundance of counter top space, ample cabinets, walk in & butlers pantry.Primary ensuite retreat has a double vanity, soaking tub & walk-in shower.Cozy guest suite ensures your guests feel welcome & comfortable.Retreat to the comfort of the den for a good read.Inside utility room with sink,cabinets & W/D included. Shutters on many windows.2.5 car garage.Expansive 11, 891 square foot lot provides endless possibilities for creating your outdoor oasis.Save on utilities with Solar.Quality furnishing available separate.

8338 N 180th Drive Waddell, AZ 85355

$639,500 - 4Br/3Ba -  for Sale in White Tank Foothills Parcel 10 Amd, Waddell
New
$639,500
4 Beds
3 Baths
2,594 SqFt
Status Active
MLS # 6788916
Property Type Single Family Residence
Price Type --
Welcome to this gorgeous home in White Tank Foothills! As you pull up you will love the charming curb appeal with a gated front courtyard, a 3-car garage, and a perfectly manicured front yard. This split floorplan is well-thought-out with 4 bedrooms, an office, and 3 FULL bathrooms. This stylish kitchen boasts sleek granite countertops and backsplash, stainless steel wall appliances, and pendant lighting illuminating the peninsula breakfast bar, creating a perfect blend of elegance and functionality. Enjoy surround sound in the family room! The primary suite is spacious with a bay window and a lavish ensuite with a soaking tub, a separate shower, a dual sink vanity, and a custom walk-in closet with built-in cabinets and shelves. The remaining bedrooms are move-in ready! Escape to your private backyard oasis with White Tank Mountain views, featuring a sparkling pool surrounded by elegant travertine pavers that seamlessly flow to the expansive covered patio, complete with dual ceiling fans for year-round comfort. Mature fruit trees and a manicured grassy lawn provides a serene retreat perfect for relaxation or entertaining. Additional features in the garage include epoxy floors, cabinets, and a sink. Do not miss out on this well-maintained home! White Tank Foothills is a desirable community nestled near the breathtaking White Tank Mountain Regional Park, offering outdoor adventures close by like hiking, mountain biking, and picnicking amidst stunning desert landscapes. Located just a short drive from Hidden Lake, residents can also enjoy fishing, kayaking, and vibrant live music events, blending tranquility and recreation in one ideal setting.

18861 E Blue Sky Drive Rio Verde, AZ 85263

$639,500
2 Beds
2 Baths
1,380 SqFt
Status Active
MLS # 6702241
Property Type Single Family Residence
Price Type --
This home is beautiful! Located in the highly sought after, Tonto Verde Country Club-Gated Community (2 Courses). Home features: 12-foot ceilings, impressive (Iron) front entry door, SS appliances, white cabinets and granite counter tops throughout home, large island w/ a breakfast bar, farm sink, open kitchen/dining and living room, split bedrooms, light paint colors, beautiful tile floors, additional storage (laundry room) and even parking for your Golf Cart! The backyard boasts a large travertine (Paver'd) patio, newly installed patio sunshade, a view fence overlooking the golf course. A true Arizona lifestyle, the backyard is beautifully landscaped and is close to Tonto National Forest. Move right in and enjoy! TURN-KEY! Quick close possible.

1906 W Lariat Lane Phoenix, AZ 85085

$639,000
3 Beds
2.5 Baths
2,567 SqFt
Status Active
MLS # 6761420
Property Type Single Family Residence
Price Type --
Gorgeous home looking for a new owner! Welcoming great room with abundant natural light, wood-style tile floors, a powder room, and modern light fixtures. The open-concept kitchen includes stainless steel appliances, popular white cabinets, an island with a breakfast bar, and granite counters. Continue upstairs to find a spacious loft for entertainment and 3-sizable bedrooms! The main retreat has a bathroom with a glass enclosure shower, dual sink vanity w/makeup area, and a walk-in closet. Outside, relax under the covered patio or lovely front porch. Don't miss the 2-car rear garage. Light tree-lined streets, pedestrian-friendly sidewalks, and a recreation center with a resort-style pool, kiddie pool, gathering areas, etc. A must-see property!

7718 W Crabapple Drive Peoria, AZ 85383

$639,000
3 Beds
2 Baths
1,982 SqFt
Status Active
MLS # 6741362
Property Type Single Family Residence
Price Type --
MLS#6741362 Ready Now! Completion! The Iris is a 1-story floor plan that comes standard with 1,982 sq. ft., 3 bedrooms, 2 bathrooms, 2-car garage, and a flex room. The only single-story floor plan at Aloravita South Discovery, this home is sure to please. The foyer brings you to a hallway with the secondary bedrooms and a full bathroom. As you continue through the home, you are taken to the open kitchen, casual dining, great room area and the flex room. Enjoy the beautiful Arizona weather from your private covered patio. The primary suite has a private bathroom with double sinks and an expansive walk-in closet and will be the perfect retreat.

1111 N High Point Drive Prescott, AZ 86305

$639,000
1 Bed
1 Bath
960 SqFt
Status Active
MLS # 6776096
Property Type Single Family Residence
Price Type --
Escape to this beautifully remodeled cabin in the serene pine setting of Highland Pines, where tranquility awaits. This charming one-bedroom, one-bath retreat offers an open floor plan, making the most of its cozy footprint. Inside, you'll find the tongue and groove beamed ceiling complemented by new wood flooring throughout, creating a warm and inviting atmosphere. The top-of-the-line chef's kitchen includes quartz counters, built-in shelf microwave and a professional KUCHT range with double ovens and. The great room opens to the deck through three glass folding doors, allowing natural light to pour in. The bathroom, completely renovated with a new bidet featured toilet and high-end marble subway-tile wainscotting and shower surround. The expansive deck provides amazing, sweeping views. The unobstructed views of the Prescott National Forest and Thumb Butte, offers the perfect spot for outdoor relaxation and entertaining. The home also boasts a newer roof for added peace of mind. A major bonus is the newly installed alternate septic system, which is designed to accommodate an additional two bedrooms and another bath. Whether you choose to expand with a single-level addition or explore a split-level or multi-level design, the spacious homesite offers flexible options for future growth. This property is easily accessible via paved roads and is served by a private water company, eliminating any concerns about water supply. For the right buyer, this is an incredible opportunity to own a piece of paradise with endless potential to make it your own.

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