NUMBER OF BEDROOMS
SALE PRICE
Experienced Top Producing Real Estate Specialist “Helping You Make e Right Move” Ready to Buy or Sell? Call me today!
476
0 1 0
<200k $200,001-225,000 $225,001-250,000 $250,001-275,000 $275,001-300,000 $300,001-325,000 $325,001-350,000 $350,001-375,000- $375,001-400,000 $400,001-425,000 $425,001-450,000 $450,001-475,000 $475,001-500,000 $500,001-550,000 $550,001-600,000 $600,000-650,000 $650,001-700,000 $700,001-800,000 $800,001-900,000 $900,001-1,000,000 $1,000,001-1,100,000 $1,100,001-1,200,000 $1.200,000+
435
500
375
2
178
250
3
77
125
37
3
7 Bed 0
128
0
2 Bed
3 Bed
4 Bed
5 Bed
6 Bed
199
220
Table 1
137
Category B
85
GARAGE PARKING
2 Bed 3 Bed 4 Bed 5 Bed 6 Bed 7 Bed
178 435 476
73
936
77
52
1000
3 0
59
Mark@MarkSummersRealEstate.com MarkSummersRealEstate.com @RealMarkSummers
750
49
34
500
221
20
250
Mark Summers REALTOR® (623) 293-2882
25
10
5+ Car 1
22
0
2 Car
3 Car
4 Car
8
4
Table 1
1
2
ENROLLMENT IS OPEN
Category B
2 Car 3 Car 4 Car 5+ Car
936 221
8
10
0
75
150
225
300
1
1
The Odyssey Preparatory Academy Family of Schools We Dream. We Achieve. We Lead. • Tuition-Free K-12 Public School •
4 things to expect in the real estate market come 2025 1. A resurgence of brand-new homes built. Homeowners are struggling to compete with the builders due to financing incentives. Currently about 40% of the homes for sale are either new builds or spec homes. This number is not counting the new builds that may not be listed in the MLS, which would push the number to half. 2. Of the 667 homes currently for sale in Buckeye, 281 are brand new homes in the process of building or being completed, which is just under half. 3. Because the builders have sister companies that write mortgages, the home builder has the resources to sweeten the pot with concessions and interest rates the normal home seller doesn’t normally need to do. 4. Sellers of resale properties will continue to struggle competing against the builders and the concessions they are offering. Sellers may want to consider advertising the concessions in their listings to get buyers interested. The forecast for the rest of 2024 indicates an increase in negotiation power for the buyer’s side. 1
With a home seller’s main competition being a builder’s brand- new home, sellers will need to up the ante offering concessions. Closing cost assistance and concessions allowing buyers to reduce their interest rate will be optimal. Some of the fastest selling homes are the larger ones (four or more bedrooms). Since the pandemic, the number of people working from home has gone up drastically. Many two- or three-bedroom homes don’t leave enough space for a family and an office or two. Size and price being equal, a four-bedroom home will be more sought after than a three-bedroom one. Prices will continue to stay steady until either interest rates drop drastically, or the inventory does. Our fair city will continue to grow with more businesses, big and small. Buckeye is a great city with some great residents. Homeowners chose Buckeye for a reason! Smile, be kind to one another, and together we will make the city even better. Welcome to Buckeye, the “Best City in Arizona!”
PE Everyday Music Classes
Spanish Classes Transportation 4 Day School Week
Start Here. Go Anywhere. Your Odyssey Awaits. WWW.ODYPREP.COM
Brian Petersheim Sr. is a local Arizona Realtor
602.206.9644 BrianPetersheim@gmail.com
InBuckeye.com/NewResidentGuide • New Resident & Visitor Guide 2024 39
38 New Resident & Visitor Guide 2024 • InBuckeye.com/NewResidentGuide
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