Existing-Home Sales Hit Rough Patch in February

Talk to a Realtor® in much of the country right now and they’ll all echo a similar narrative: homes are selling quickly because there are not enough listings on the market.

It’s why existing sales stumbled in February and price growth accelerated to its fastest pace in over a year (7.7 percent). Even more staggering, inventory has now fallen year-over-year for 21 straight months and homes last month sold 14 days faster than last February.

Is this an indicator of things to come as the spring buying season heats up?

One sign of hope is that a larger share of homeowners in NAR’s first quarter HOME survey said that now is a good time to sell a home. However, as NAR Chief Economist Lawrence Yun pointed out at yesterday’s press conference, new home construction is what’s really needed to slow price growth and allow supply to catch up with demand.

The first two months of 2017 have been up and down. If you’re looking for clues on how the coming months will pan out, listen closely to the sounds of drills and hammers in your neighborhood.

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2820 N 212th Drive Buckeye, AZ 85396

$546,690
3 Beds
2.5 Baths
2,141 SqFt
Status Active
MLS # 6741520
Property Type Single Family Residence
Price Type --
Ready for November move in!

26349 S 231st Way Queen Creek, AZ 85142

$546,268
4 Beds
3 Baths
2,379 SqFt
Status Active
MLS # 6780156
Property Type Single Family Residence
Price Type --
Don't miss your chance on this Quick Move in Single Story home with a COMPLETED backyard landscape. Anticipated move in for December 2024. This community offers an abundance of amenities including pickleball courts, resort-caliber outdoor pool with plenty of seating and lounging areas, fitness center with multi-use activity room, open air pavilion with fireplace and grilling stations, event and game lawns, shaded play parks, half-court basketball and two dog parks.

15667 W Mercer Lane Surprise, AZ 85379

$546,053
3 Beds
2 Baths
2,305 SqFt
Status Active
MLS # 6760294
Property Type Single Family Residence
Price Type --
BRAND NEW HOME COMPLETED IN NOVEMBER! Wonderful 3-bedroom home with a flex room & an amazing gourmet kitchen / great room and a 3-car garage! Exceptional island allows for wonderful entertaining. This home has beautiful gourmet slate cabinets, upgraded quartz counters, custom backsplash in the kitchen & stainless-steel appliances. As you enter you have a beautiful foyer that opens up to a flex room. Kitchen & great room are very large & open with a large, covered patio accessed by a 12' slider! Owners' suite has dual vanities, walk in tiled shower, and lots of storage! PHOTOS ARE OF A MODEL HOME OF THE SAME PLAN. SEE PRODUCT SELECTIONS. NOVEMBER COMPLETION.

1061 N Bison Golf Court Show Low, AZ 85901

$546,000 - 3Br/2Ba -  for Sale in Golf Estates At Bison Crossing, Show Low
New
$546,000
3 Beds
2 Baths
1,575 SqFt
Status Active
MLS # 6786177
Property Type Single Family Residence
Price Type --
With Amazing colorful views from this extraordinary 3 BR home in prestigious Bison Golf Court on .24 acre, this great find has a spectacular overview of the fairway with green grass and brightly colored trees in the fall and warmer months-watch the golfers or BE ONE all while living in this comfortable elegant home with granite counters, vaulted tongue and groove ceilings and upgraded appliances(just to mention a few).2 car garage with plenty of space for your car and a golf cart if desired, this place is the golfer's dream! This secure, gated and friendly community will provide years of enjoyment and great memories for any age group-all within the Show Low school district. Come make your future mountain memories a reality and experience life lived in the marvelous White Mountains! The White Mountains offers Golf, fishing, hunting, four wheeling, hiking, boating, gaming, target shooting ranges, skiing, snowboarding, birdwatching, animal wild-life, sledding, several seasonal festivals throughout the year, car shows, fine dining, musical entertainment, and a great day and night life! Come live your dream in this beautiful home on the fairway!

2849 E Detroit Street Chandler, AZ 85225

$546,000 - 4Br/3Ba -  for Sale in Fire Rock Ranch, Chandler
Open House
$546,000
4 Beds
3 Baths
2,575 SqFt
Status Active
MLS # 6708678
Property Type Single Family Residence
Price Type --
Seller may consider buyer concessions if made in an offer. Welcome to this beautifully maintained property with its fresh, neutral color paint scheme. The gourmet kitchen, complete with a walk-in pantry and stylish accent backsplash, offers ample workspace and with a convenient island for meal prep and casual dining. The primary bedroom suite features a spacious walk-in closet and a primary bathroom with double sinks for added convenience. Step outside to the covered patio and enjoy scenic views in the privacy of your fenced-in backyard. This striking dwelling harmoniously blends comfort, aesthetics, and functionality. Welcome to your next chapter - where the good life begins!

11417 S 50th Avenue Laveen, AZ 85339

$545,995
4 Beds
3 Baths
2,380 SqFt
Status Active
MLS # 6755226
Property Type Single Family Residence
Price Type --
The notable Elderberry plan boasts four bedrooms, including a relaxing primary suite with a spacious walk-in closet and a private bath. At the heart of the home, you'll find an impressive great room, a dining room, and a well-planned kitchen showcasing a center island and a generous walk-in pantry. An upstairs loft and covered patio offer additional versatility. A convenient laundry room is also included. This home will be built with a main-floor bedroom with a full bath

8326 N 54th Lane Glendale, AZ 85302

$545,995
4 Beds
3 Baths
2,077 SqFt
Status Active
MLS # 6761610
Property Type Single Family Residence
Price Type --
Explore this thoughtfully designed Slate floorplan, ready for quick move-in on a homesite boasting front yard landscaping and driveway/walkway pavers. Included features: an inviting covered, paver entry; a well-appointed kitchen offering 42'' white shaker cabinets with matte black hardware, quartz countertops, 2x8 backsplash, stainless-steel appliance suite, a center island with pendant lights, and a spacious walk-in pantry; an expansive great room with adjacent dining room; a lavish primary suite showcasing a generous walk-in closet and a private owner's bath with separate soaking tub and 4x16 tile shower, and dual sinks with cultured marble countertops; a convenient laundry; ; a guest bedroom featuring en-suite bathroom with step in shower. You'll also find a spacious covered patio, and a 2-car garage with 8' door and belt drive opener, as well as a garage service door. Find other desirable finishes, like 9x35 tile in the main living areas (carpet in bedrooms only), a convenient soft water loop in the garage, gas tankless hot water heater, and a gas stub at the patio. This home also offers ceiling fan prewire in all bedrooms, great room, and patio, plus much more.

5338 W Manzanita Drive Glendale, AZ 85302

$545,995
4 Beds
3 Baths
2,077 SqFt
Status Active
MLS # 6762098
Property Type Single Family Residence
Price Type --
Explore this thoughtfully designed Slate floorplan, ready for quick move-in on a homesite boasting front yard landscaping and driveway/walkway pavers. Included features: an inviting covered, paver entry; a well-appointed kitchen offering 42'' white shaker cabinets with satin nickel hardware, quartz countertops, stainless-steel appliance suite, a center island with pendant lights, and a spacious walk-in pantry; an expansive great room with adjacent dining room; a lavish primary suite showcasing a generous walk-in closet and a private owner's bath with separate soaking tub and 4x16 tile shower, and dual sinks with cultured marble countertops; a convenient laundry; a guest bedroom featuring en-suite bathroom with step in shower. You'll also find a spacious covered patio, and a 2-car garage with 8' door and belt drive opener, as well as a garage service door. Find other desirable finishes, like 9x35 tile in the main living areas (carpet in bedrooms only), a convenient soft water loop in the garage, gas tankless hot water heater, and a gas stub at the patio. This home also offers ceiling fan prewire in all bedrooms, great room, and patio, plus much more.

5323 W Manzanita Drive Glendale, AZ 85302

$545,995
4 Beds
3 Baths
2,077 SqFt
Status Active
MLS # 6764770
Property Type Single Family Residence
Price Type --
Explore this thoughtfully designed Slate floorplan, ready for quick move-in on a homesite boasting front yard landscaping and driveway/walkway pavers. Included features: an inviting covered, paver entry; a well-appointed kitchen offering 42'' white shaker cabinets with matte black hardware, quartz countertops, 2x8 backsplash, stainless-steel appliance suite, a center island with pendant lights, and a spacious walk-in pantry; an expansive great room with adjacent dining room; a lavish primary suite showcasing a generous walk-in closet and a private owner's bath with separate soaking tub and 4x16 tile shower, and dual sinks with cultured marble countertops; a convenient laundry; a guest bedroom featuring en-suite bathroom with step in shower. You'll also find a spacious covered patio, and a 2-car garage with 8' door and belt drive opener, as well as a garage service door. Find other desirable finishes, like 9x35 tile in the main living areas (carpet in bedrooms only), a convenient soft water loop in the garage, gas tankless hot water heater, and a gas stub at the patio. This home also offers ceiling fan prewire in all bedrooms, great room, and patio, plus much more.

5347 W Manzanita Drive Glendale, AZ 85302

$545,995
4 Beds
3 Baths
2,070 SqFt
Status Active
MLS # 6765259
Property Type Single Family Residence
Price Type --
Explore the exciting Alexandrite home, ready for quick move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; a quiet study; a kitchen layout offering 42'' cabinets, quartz countertops, stainless-steel appliances, a roomy pantry and a center island; an elegant dining room; a spacious great room; a beautiful primary suite showcasing an expansive walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a covered patio and a 2-car garage. This home also offers ceiling fan prewiring in select rooms.

12007 W Parkway Lane Avondale, AZ 85323

$545,995
4 Beds
2 Baths
2,370 SqFt
Status Active
MLS # 6741768
Property Type Single Family Residence
Price Type --
Explore this inspired Raleigh home, ready for quick move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; a quiet study; a gourmet kitchen offering 42'' cabinets, quartz countertops, stainless-steel appliances, a double oven, a walk-in pantry and a center island; an open dining area; a generous great room with center-meet doors leading onto a relaxing covered patio; a lavish primary suite showcasing a large walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a mudroom and a 3-car garage. This home also offers stone tile flooring, additional windows and ceiling fan prewiring in select rooms as well as airy 10' ceilings throughout.

2641 E Abe Truckle Avenue San Tan Valley, AZ 85140

$545,990
4 Beds
3.5 Baths
2,623 SqFt
Status Active
MLS # 6774581
Property Type Single Family Residence
Price Type --
''Introducing the stunning Jade floorplan, which offers 2,623 square feet of living space. This Farmhouse elevation home features our Harmony Collection and includes 4 bedrooms, 3.5 baths, a formal dining area, and a spacious 3-car garage. Inside, you'll find a thoughtfully designed layout with 3 front bedrooms, 2 of which share a bathroom, a conveniently located laundry room, and elegant wood plank-style tile flooring throughout the common areas. Upgrades include a soft water rough-in, 42-inch white upper kitchen cabinets, quartz countertops with a backsplash, 2-inch blinds, and essential appliances such as a washer, dryer, and refrigerator. The owner's suite boasts an en-suite bathroom and a generously sized walk-in closet. Entertain effortlessly in the open-concept kitchen, dining area, and great room, highlighted by a 4-panel sliding glass door that leads to a welcoming covered patio. Wales Ranch also offers parks, a beautiful lake, and walking paths with stunning views.

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