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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16981 S 175th Avenue Goodyear, AZ 85338

$615,000
2 Beds
2.5 Baths
2,363 SqFt
Status Active Under Contract
MLS # 6735144
Property Type Single Family Residence
Price Type --
Gorgeous AV Home in Canta Mia 55+ gated community resort like living at its best. The Tremolo model 2 bedroom 2.5 baths, den and casita will not disappoint. Walk into courtyard with entrance to the casita and main home that welcomes you to warm foyer overlooking the beautiful back courtyard and pool. Kitchen with quartz countertops, loads of storage, pull out shelving, double wall ovens, newer gas cooktop, built-in microwave, large kitchen island, under/over cabinet lighting. Primary bedroom has bay window, sliding glass door takes you to covered patio/pool area. Primary bathroom walk-in tiles shower. bathrooms updated quartz countertop. Ceiling fans throughout. Backyard entertainers dream .Garage 240V, Casita 20amp. Additional insulation. Solar owned.

20831 N 10th Street Phoenix, AZ 85024

$615,000
4 Beds
3 Baths
2,212 SqFt
Status Active Under Contract
MLS # 6749459
Property Type Single Family Residence
Price Type --
Very recent closed sale in Arroyo Rojo similar sqft, no pool, or preserve view to the back sold for $649K. Nestled in a vibrant community this exceptional home boasts 4 bedrooms & 3 bathrooms, all while offering desert preserve views. The premium lot is an entertainer's dream, featuring a built-in fireplace, plumed for an outdoor kitchen, a pool with water feature, and ample space for hosting events. Inside, you'll be welcomed by an updated kitchen showcasing Quartz countertops, stainless steel appliances, and dark wood grain cabinets. The main floor also includes a full bathroom and a versatile office/den with French doors. Upstairs, you'll discover 3 beds/2 bath, PLUS a versatile closed loft area/flex space w/2 closets. Convenient upstairs laundry. Leasing is allowed. 30 Day Min.

1605 N Spencer -- Mesa, AZ 85203

$615,000
4 Beds
2 Baths
1,968 SqFt
Status Active Under Contract
MLS # 6750778
Property Type Single Family Residence
Price Type --
If you're looking for a home that has it all, this is the one for you! This gorgeously remodeled home, situated on just over a 1/4 of an acre with no HOA, has a brand new A/C, fresh paint, LVP flooring throughout, new kitchen cabinets and updated bathrooms. When you enter you will be greeted by an cozy sitting room with gas fireplace and formal dining space. As you continue on you'll find a spacious kitchen-great room open concept that wastes no space and connects the spaces brilliantly for comfort, conversation and dining. The bedrooms offer a chic and modern feel. As you step outside you will find an outdoor oasis with an expansive covered patio, sparkling pool and SO much space to grill and chill. Let's not forget the added bonus of RV parking and your gated front patio perfect for sipping morning coffee or watching the stunning Arizona sunsets!!

17427 N Lindgren Avenue Sun City, AZ 85373

$615,000
3 Beds
2 Baths
2,294 SqFt
Status Active
MLS # 6759962
Property Type Single Family Residence
Price Type --
Location, location, north of Bell Rd and Lindgren. This golf course home with pool features many upgrades. From tiled drive way, cozy front court yard with new aluminum patio, ceiling fan, security door, and ring door bell. This home has many spaces for your hobbies without loosing space to entertain and has great lighting. As you enter will notice the vinyl wood planks through out, and plush carpet in the bedrooms. Remodeled kitchen has lots of cabinets and counter top space, new quartz counter tops, dark grey cabinets with white upper cabinets. Ss appliances including a convection microwave oven, wall convection oven & air fryer. This has a split floor plan with master bedroom having a his and her closet along with a custom tile shower and sliding door to go into the AZ room. Hobby/craft room features built in cabinetry, window shutter, and a custom light fixture. Also has an area for formal dinning or office space. New upgrade can lighting through out the home. The large Arizona room is air conditioned as home has 2 ac units one is 4 years old. You will love the plush berber carpet and all the lighting. Window have been tinted to reduce heat. As you go to the back yard you will love the amazing golf course views and large pool with the easy to upkeep landscaping, turf, and gravel. Side of yard has a new aluminum patio with pavers. Pool pump was recently replaced, new pool vac, and the diesel pool heater has not been in use. Garage has ample storage and has an air conditioned small work shop. You will not be disappointed with this home, as it has so many entertainment areas through out! Solar loan assumption payment of $277 monthly.

29398 N 130th Glen Peoria, AZ 85383

$615,000
3 Beds
2 Baths
1,635 SqFt
Status Active Under Contract
MLS # 6771632
Property Type Single Family Residence
Price Type --
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10420 E Cedar Waxwing Court Sun Lakes, AZ 85248

$615,000
2 Beds
2 Baths
2,116 SqFt
Status Active
MLS # 6768486
Property Type Single Family Residence
Price Type --
Gorgeous custom home with expansive water views in the Active Adult Community of Ironwood in Sun Lakes. Enjoy the resort lifestyle in this 2 BR, 2 BA home with full updates in kitchen and baths. Huge Arizona room/Lanai overlooking the water. Large private covered patio and a bonus room with patio access. Perfect for an office/den or craft room. You won't want to miss this one-of-a-kind home. Come, enjoy all the amenities Sun Lakes has to offer.

12518 W Skylark Drive Sun City West, AZ 85375

$615,000
3 Beds
2 Baths
2,694 SqFt
Status Active
MLS # 6754723
Property Type Single Family Residence
Price Type --
:Incredible lowered price on this stunning Remodeled Home Backing to the 18th Hole of Stardust Golf Course This meticulously crafted gem in the heart of Sun City West boasts nearly 2700 square feet of living space, offering a harmonious blend of elegance, comfort, and modern sophistication. Every detail has been thoughtfully addressed, resulting in a seamless fusion of style and functionality. The kitchen features a waterfall granite island, perfect for entertaining or enjoying family meals. Top-of-the-line LG appliances elevate your culinary experience. The spacious layout seamlessly connects living, dining, and kitchen areas, creating an inviting atmosphere for gatherings. Don't miss this opportunity to own a slice of paradise in Sun City West

5449 E Roanoke Avenue Phoenix, AZ 85008

$615,000
3 Beds
2 Baths
1,468 SqFt
Status Active
MLS # 6764788
Property Type Single Family Residence
Price Type --
Fabulous Mid-Century Modern home in Papago Seventy Six, a quiet neighborhood nestled in the foothills of Papago Buttes. This architectural gem includes a welcoming a front courtyard and wood beamed entryway that beckons further discovery. A large foyer with high ceilings greets you into this 3 bedroom, 2 bath (plus den) home. Natural light abounds with soaring vaulted ceilings in the large living room replete with wood-burning fireplace. The large kitchen opens to a dining room with exposed wood beams, clerestory windows, wet bar, stainless appliances, tile backsplash, and a truly expansive cabinet package with stone countertops. Dining room opens to a large den/family room, with French doors leading out to the sparkling swimming pool, set within a saltillo tile deck and mountain views

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$615,000
4 Beds
3 Baths
2,337 SqFt
Status Active
MLS # 6771486
Property Type Single Family Residence
Price Type --
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21633 N Black Bear Lodge Drive Surprise, AZ 85387

$615,000 - 4Br/3Ba -  for Sale in Sun City Grand Capitan, Surprise
Open House
$615,000
4 Beds
3 Baths
2,454 SqFt
Status Active
MLS # 6775196
Property Type Single Family Residence
Price Type --
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$614,999
6 Beds
5.5 Baths
3,949 SqFt
Status Active
MLS # 6729757
Property Type Single Family Residence
Price Type --
$6,000 Monthly Lease Income Included! This stunning 6-bedroom home not only offers exceptional living but also comes with a $6,000 per month lease—providing immediate cash flow! If you're looking to make it your primary residence, the tenant is willing to relocate, giving you complete flexibility. Location, Location, Location! Perfectly situated just off the 101 & Camelback, this home puts you at the heart of it all—minutes from Westgate, Glendale Stadium, and the soon-to-be-built waterpark and hotels in this rapidly growing area. Key Features:

4430 S Hassett Circle Mesa, AZ 85212

$614,999
4 Beds
2 Baths
2,032 SqFt
Status Active
MLS # 6748046
Property Type Single Family Residence
Price Type --
BACK ON THE MARKET, buyer could not perform. Absolutely stunning home that has been meticulously cared for and loved! This home shows light and bright, with a fresh new coat of paint throughout interior. The exterior was repainted within last few years as well. This floor plan has many flex options, with up to five bedrooms possible. There are currently 3 bedrooms. The 4th (with full closet) is opened up, currently used an office/flex space, which would be easy to frame to builder 4th bedroom option. Entry is extremely open and has a formal living room, easy to add a barn door for office, or additional room. Stunning floor update throughout Master, office, and family room. The kitchen is an entertainer's delight as it is open to the family room and dining area with an XL (See More) island for those fun, social gatherings. Nice stainless steel appliance package and large pantry! Upgraded exterior elevation with stone siding and front patio, which you could easily add pavers for seating area. Garage has extra overhead storage, which conveys, and is pre-plumbed for soft water loop. New sunscreens, New RV gate, opens to spacious side yard with extra gate added for dog run, recent $2500 upgrade. The backyard is enormous and truly an entertainer's delight, with pavers throughout, showcasing the stunning pool and spa! AC, Pool/ spa just inspected, with clean bill of health, and new pool filter pump in 2022. Too many upgrades to list a must see! Hurry this one will not last!

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