Randy Dotson's Blog
30
Nov

Surprise, AZ Newsletter

Phoenix Metro Housing Market activity is slow:  Number of homes sold continues to go down, There were 6,981 homes sold in October. As a result, home inventory level have in increased for the third month in a row with 25,040 currently listed for sale. 

Year over year home prices hold strong: The median home prices for the Phoenix Metro area up from $213,000 to $229,900 or about 6.1% year over year.   

Home prices in Surprise, AZ: After 2 months of declining home prices we are right back where we were in July with a median price of $224,900 for single family detached homes.  This is up 7.4% year over year.  Click here to view an active chart of home prices in Surprise for the last 5 years. There are currently 704 homes for sale which is well above are average of 585 homes for 2016 and if seasonality holds up this will continue to rise until January or February.

Things to do in and around Surprise, AZ:

  • Don't forget the 15th annual Surprise party on Dec 2nd and 3rd.  Click here for more information.
  • Whether it's a Christmas play or other live performance your can find many to choose from.  Click here for information.     
  • Don't forget the zoo lights this year.  Click here for dates and times.
  • Glendale is having various holiday events throughout the month.  Click here for details.  
  • Want to enjoy a little snow without having to get the scrapper out before your trip back home.  Go to Rawhide, it's snowing a lot in December click here for information.  

Interest rates remain low:  A good place to check out the current average interest rate is Freddiemac.com.  Currently the average interest rate for a 30 yr fixed rate mortgage is 4.03%. But where are they going, this can be found out by the Mortgage Business Association (MBA) which has a forecast range of between 4.0% and 4.4% for 2017. The forecast doesn't hit 5% until 2019.  Click here for their forecast

                      

 HappyHollidays!!!



Randy Dotson
Direct: 623.628.4407
Text: 623.628.4407
eMail: Contact

West USA Realty
15128 W. Bell Road Ste #10
Surprise, AZ 85374
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