The real estate market in Greater Phoenix is entering an interesting season this September. While the overall tone of the market feels a bit softer, opportunities are opening up depending on where you’re looking to buy or sell. Let’s break it down by area.
Watch the full September Market Update video here:
Seller’s markets: Scottsdale, Paradise Valley, Cave Creek
High-demand luxury markets like Scottsdale, Paradise Valley, and Cave Creek remain strong. Limited inventory continues to drive competition, keeping these areas in a seller’s market. For homeowners, this is still an excellent time to list, as qualified buyers are actively searching in these high-end neighborhoods.
Balanced markets: Phoenix and Glendale
The core metro areas of Phoenix and Glendale are showing more balance between supply and demand. Neither buyers nor sellers hold a strong advantage, which often leads to more reasonable negotiations and fair deals. For both sides, this creates a stable environment to move forward with confidence.
Buyer’s markets: Peoria, Queen Creek, Goodyear
Markets like Peoria, Queen Creek, and Goodyear are tipping toward buyers. Increased inventory and softer demand provide opportunities to negotiate better terms. This is especially positive news for first-time buyers or investors looking for long-term value in growing communities.
What’s driving the market?
Despite a softer overall tone, Arizona’s economy remains strong. Unemployment rates are stable, and companies continue to bring billions of dollars in investment to the state. This inflow of business keeps long-term housing demand healthy and supports property values over time.
What Does This Mean for You?
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Buyers: Now is an excellent time to explore opportunities in emerging buyer’s markets where inventory is higher.
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Sellers: Luxury areas are still competitive. If you’re in Scottsdale, Paradise Valley, or Cave Creek, market conditions remain in your favor.
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Investors: With continued economic growth in Arizona, long-term prospects remain solid, especially in communities with expanding infrastructure.
