| It's tough to believe that November is already half over and the holiday season is upon us. Between year end business activity and holiday parties, it can feel like there's little time left to do anything else.
If you can manage to squeeze some time from your schedule to think about real estate now, before high season begins, it could save you a great deal of money. I was reviewing my newsletters from this time last year and noted that high season started early, with a major spike of closings in mid December as savvy buyers wanted to get ahead of the crowd.
To put where we are now in perspective, the volume of luxury homes (as defined by $1 million+) sold in the Phoenix metro area last quarter was about half what it was the same quarter in 2005. So, despite all the increases we've seen in the past couple of years, we are still far, far off where we were at peak. It's something to consider when planning your next move.
All signs point to Q1 of 2015 being a phenomenal time for luxury home sales. Given the history, there could be a lot more room for luxury sales to run than most people realize.
To conclude, the best thing one can do if one wishes to buy a home in Paradise Valley is to invest the time to tour homes presently. Get out there, see what's available, and start negotiating. The longer one waits, the more confident sellers shall be, and the more buyers will be coming along to compete with you. |
