Valley Home Prices To Climb 59 Percent And Sales To Jump By 72 Percent Next Year

Dated: 03/07/2017

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Real estate website predicts Valley home prices to climb 5.9 percent, and sales to jump by 7.2 percent next year; LA is No. 2 

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Drum roll please….The top housing market in the U.S. in 2017 will be metro Phoenix, according to a new realtor.comforecast. 

It’s about time.The Valley’s steady growth in sales and price increases, tighter new home market and short supply of foreclosures make it one of the healthiest in the country.Plus a wise housing analyst who tracks home sales and trends every day told me last year that 2017 would be the big year for the Phoenix-area housing market.Realtor.com, a national real estate website, is predicting Valley home prices to climb 5.9 percent,and sales to jump by 7.2 percentnext year. 

That’s not the biggest projected price increase on its list of top 10 markets in 2017, but it’s the biggest sales increase.It makes sense since one of the Valley’s top selling points for buyers is more affordable home prices, particularly in the West. 

And that’s the intro for Los Angeles, which ranked No. 2 on the list with a predicted 6.9 percent rise in prices and 6 percent increase in sales. Two other cities in the West, Sacramento and Riverside made the top five for housing market gains. All are pricier to buy a home in than the Valley. 

There's also good news for Phoenix’s southern neighbor Tucson. The real estate group ranks it as the ninth best housing market in 2017 with an expected 6.1 percent jump in prices and 5.5 percent gain in sale 

Clayton Nash Real Estate is here to help, whether you are buying , renting or selling and buying your next home. Our agents utilize the top tools to help you make the most informed decision possible. 

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Peter Lupus

Real Estate is more than selling homes; its more than bricks and mortar; it's more than a bunch of paperwork. Real Estate is a business of passion that helps people achieve their dreams. This should b....

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