September
Dear Neighbor,
You’ve built a life in your home—creating cherished memories and adding your own unique touch. However, you might now find that the space, which once felt just right, has become a bit too large or requires more maintenance than you prefer. It may no longer fit the lifestyle you envision.
For many of us, our homes are the most significant assets we’ll ever own. So, when the time comes to sell, it’s essential to understand both your home’s value and the current market conditions. As you consider your next steps, you deserve expert guidance tailored to your local market.
Here are the key insights you need to know about the Northeast Mesa (85215), Red Mountain Ranch area real estate market today
Inventory is UP and Demand has Slowed
In August of 2024, 21 homes have sold, marking a 23.8% increase from August 2023.
The sale-to-list price percentage (how close the actual sale price was to the original list price) has narrowed but is still showing a favorable upward trend of 3% in 2024 compared to 2023. To capitalize on your investment, you want to work with a real estate expert who understands how to strategically price, market, and present your home to provide maximum returns
Median Price Has Declined
The median price was $600,000 in 2024, down from $635,000 in 2023. When correctly priced and positioned well on the market, homes are selling at or near their original list price. Median days on the market rose in 2024 to 51 days compared to 36 days in 2023, showing an increase of 29.4%. With these statistics in mind, when selling your largest financial asset, you need and deserve a strategic marketing plan to minimize days on the market
Months Supply of Inventory
The months’ supply of inventory has more than doubled, from 1.5 to 3.5, a 133% increase from last year, signaling a shift toward a more balanced market. Buyers now have more breathing room and choice. With the right strategic plan, pricing, and positioning for your property and goals, we can attract maximum offers and get your home sold for the highest price in the fewest days.
As a homeowner, what does this mean for you?
If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.
I’ve successfully helped clients downsize and coordinate the move of aging parents, all the way to facilitating smooth transitions into senior communities. I understand that these transitions can be complex and emotional, which is why I make it a point to provide personalized guidance to help make the process as seamless and stress-free as possible.
With my market expertise, strong negotiation skills, and a personalized strategy for each home I sell, I make sure your home is positioned to attract the right buyers. My goal is to help you make this next chapter a success with minimal hassle.
If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 480-236-6181
We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.
Call Today → 480-236-6181
Kris Miller
SA036774000
HomeSmart
www.krismillerhomes.com
480-236-6181
Red Mountain Ranch Market Highlights
| Single-Family Home Stats | August 2023 vs. August 2024 | Analysis |
| Median Sale Price | ↓ Down 5.5% | Median sale price is now at $600,000. versus 635,000. In August 2023. When you price correctly from day one, you can maximize offers and sell for the highest possible price as quickly as possible. |
| Median Days on Market | ↑ Up 29.4 | Median days on market are at 51 in August. Current demand and high supply play a major role, especially when compared to August 2023 Strategic pricing and marketing ensure your home sells for top dollar in a few days on market. |
| Sale-to-List Price Ratio | ↑ Up 3% | Correctly priced, strategically marketed homes are selling just below list price currently at 97.7% |
| Price per Square Foot | ↑ Up 3.3% | Demand in 85215 is on the rise, and price per square foot is now at $289.10 sq. ft. To maximize your results, it’s extremely important to have a proven strategy and expert guidance from the beginning. |
Source: Cromford Report/ARMLS.
Looking Ahead
Here’s what we’ll be watching over the coming months: Growing Inventory, but we will also expect to see a higher buyer demand as our winter visitor season kicks off.
- Supply of Available Homes
85215 saw an increase in inventory in August compared to August 2023. With higher inventory, sellers will want to work with an expert to properly position themselves on the market so they can secure a nice return.
- Buyers Are Being Selective
The days on market in August was 51 days, a 29.4% increase from 36 August 2023. Homes are sitting longer, but regardless of what twists and turns the market takes, to truly maximize your return on investment, it’s crucial that you strategically position your home to buyers.
- Northeast Mesa Continues to Thrive:
Natural Beauty, Outdoor Activities, and Premier Golf Courses” as well as Proximity to Natural Landmarks will help the area continue to grow in popularity and to support an increase in property values.
Northeast Mesa is close to stunning natural attractions like the Superstition Mountains, Usery Mountain Regional Park, and Salt River. These spots offer countless opportunities for hiking, biking, and boating, drawing in those who love the outdoors
- Lush Golf Courses: The area is known for its well-maintained golf courses, including the Las Sendas Golf Club and Red Mountain Ranch Country Club, making it a golf lover’s paradise.
- What to Expect When Selling Your Home
The market consistently evolves–and you deserve to sell for the highest possible price no matter what. The right marketing strategy, pricing knowledge, and negotiation power are what make the difference. When you’re ready to sell your home and embark on what may be one of the largest financial transactions of your lifetime, I would love to be a part of your journey.
If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 480-236-6181
