480.399.8626
CapitalCanyonRealtyGroup@aol.com
www.CapitalCanyonRealtyGroup.com
PRESENTED BY LEE HOEKSTRA
Your Hassayampa Real Estate Specialist & Neighbor
RETURNING TO NORMAL THE
In the last few years, the real estate market has been unpredictable. 2020 saw the market flat line, then a slow build-up. 2021 was explosive growth which led into a volatile start to 2022. By the middle of the year, interest rates catapulted, and the market slowed greatly. However, experts are predicting more stability ahead!
THE FUTURE LOOKS PROMISING FOR MORTGAGE RATES
January recorded a four-month low, with the average 30-year fixed rate dropping to 6.15%. Rates are almost a full percentage point lower than the peak last October.
RATES ARE PREDICTED TO FALL IN THE FIRST QUARTER
Experts are predicting further mortgage rate decreases, with another potential 0.5% drop by the end of March. This is great news for both sellers and buyers!
HOUSE FLIPPING IS DWINDLING
As the cost-to-benefit ratio dries up, house flipping is becoming less common. With the loss in profitability, more buyers have a better chance at their dream home.
SUPPLY IS STILL HISTORICALLY LOW
Demand is still outpacing supply, which indicates a healthy market. Buyers are still buying homes at a slightly slower pace.
FUTURE FRIENDS AND NEIGHBORS,
There’s plenty of opportunity to make a great profit in selling your home. If you’ve thought about selling this year, let’s do a comparative analysis to get the best response from the market. Call today to get started!
Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | © 2023 RE/MAX Excalibur 2060 Golf Club Lane Prescott, Arizona 86303 LEE HOEKSTRA
REALTOR®
Each office independently owned and operated.
HASSAYAMPA Early Spring 2023 Real Estate Market Report
Especially for
Prepared
FUTURE FRIENDS AND NEIGHBORS
Real Estate Market Report
www.CapitalCanyonRealtyGroup.com
Future Friends and Neighbors, Receive the most accurate assessment of your home's value, provided to you as a complimentary service by Lee Hoekstra, your Hassayampa real estate specialist and neighbor. You will not be contacted with any other solicitation. LEE HOEKSTRA REALTOR® 480.399.8626 CapitalCanyonRealtyGroup@aol.com www.CapitalCanyonRealtyGroup.com If you want to know what your home would sell for in today’s market, contact me today! HASSAYAMPA Homes Recently Sold: 12 Average Active List Price: $610,333 Average Sold Price: $666,992 Average Days On Market (Solds): 26 AT A GLANCE © 2023 Google Pending Active Sold This map is a visual representation of the data on the opposing page. The data and corresponding location pins are deemed to be accurate but not guaranteed. Some location pins may not be visible and/or updated with the latest location data. Status Beds Baths Est. Sq. Ft.* List Price List Month Active 3 2 1,300 $458,000 March Active 3 2 1,800 $600,000 December Active 3 4 2,500 $773,000 March HASSAYAMPA CONDOS & TOWNHOMES RECENTLY SOLD HASSAYAMPA CONDOS & TOWNHOMES LISTED There is 1 home currently pending. For more information about available homes, contact me today at 480.399.8626 Lee Hoekstra, Capital Canyon Realty Group, and RE/MAX Excalibur are not in any way affiliated with Hassayampa Home Owners Association, nor is this in any way an official advertisement or publication of Hassayampa. © 2023 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the PAAR MLS between May 4th, 2022 and March 9th, 2023. Listings and sales may not be those of RE/MAX Excalibur. The PAAR MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet rounded down to nearest hundred. Status Address Beds Baths Est Sq. Ft. List Price Sold Price Sold Date Sold 1716 Alpine Meadows Lane #1801 2 2 1,684 $575,000 $550,000 02/13/23 Sold 1716 Alpine Meadows Lane #2107 2 2 1,684 $565,000 $560,000 12/19/22 Sold 1716 Alpine Meadows Lane #1601 2 2 1,684 $550,000 $540,000 12/05/22 Sold 1716 Alpine Meadows Lane #1606 2 2 2,300 $799,000 $744,000 10/31/22 Sold 689 Babbling Brook 3 3 2,609 $824,900 $810,000 10/11/22 Sold 1716 Alpine Meadows Lane #1301 2 2 1,684 $585,000 $600,000 09/09/22 Sold 772 Hideaway Lane 4 5 3,618 $799,000 $775,000 08/31/22 Sold 1984 Lazy Meadow Lane 3 3 2,408 $699,900 $699,900 08/26/22 Sold 1716 Alpine Meadows Lane #701 2 2 1,684 $525,000 $550,000 07/11/22 Sold 1980 Lazy Meadow Lane 3 3 2,408 $850,000 $850,000 06/30/22 Sold 680 Babbling Brook 4 5 3,618 $975,000 $925,000 05/23/22 Sold 1755 Rustic Timbers Lane #206 2 2 1,124 $396,000 $400,000 05/04/22
Dear
HASSAYAMPA