Lee Hoekstra - Hassayampa - April 2021

RE/MAX Excalibur 2060 Golf Club Lane Prescott, Arizona 86303

Lee Hoekstra REALTOR®

HASSAYAMPA

480.399.8626 CapitalCanyonRealtyGroup@aol.com www.CapitalCanyonRealtyGroup.com

CAPITAL CANYON CLUB PRESCOTT’S PREMIER GOLF AND SOCIAL CLUB

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2021

JULY 2016 REAL ESTATE APRIL 2021 REAL ESTATEMARKET MARKETREPORT REPORT

Visit www.CapitalCanyonRealtyGroup.com for community info, current listings, and recent sales.

I N V E N TO RY I N H A S S AYM A PA H A S N EV E R B E E N T H I S LOW !

IT ’S A SELLER’S MA RKET! THE MARKET IS HOT! NOW IS THE TIME TO ACT! GET A CONTRACT NOW AND CLOSE LATER! SELL YOUR HOME NOW FOR CASH!

SELL OR RENT OUT YOUR HOME!

SELL YOUR HOME WITH NO REPAIRS!

HOLE #16, SAVE ALL 18 COPIES FOR A COMPLETE COLLECTION!

PRESENTED BY LEE HOEKSTRA

DON’T WAIT

Jonathan and Angela-Marie With interest rates remaining low and home prices increasing at a healthy pace, homes in Hassayampa are in high demand. If you are planning on selling, contact Lee today at 480.399.8626 for a free no obligation market appraisal!

YOUR HASSAYAMPA REAL ESTATE SPECIALIST AND NEIGHBOR

PREPARED ESPECIALLY FOR

Jonathan and Angela-Marie Williams

Lee Hoekstra

GET THE MOST

REALTOR®

ACCURATE ASSESSMENT OF YOUR HOME'S VALUE TODAY!

480.399.8626 CapitalCanyonRealtyGroup@aol.com www.CapitalCanyonRealtyGroup.com

HASSAYAMPA

www.CapitalCanyonRealtyGroup.com Your Home's Value Will be Based on Several Key Factors: ◆ Hassayampa sales for the past six months ◆ Square footage ◆ Lot size ◆ Views ◆ Location ◆ Special features unique to your home

REAL ESTATE MARKET REPORT

W H Y EX P ERTS B ELIEV E W E A R E N OT FACIN G A

Jonathan and Angela-Marie, This market report was created especially for you. There are only two homes currently on the market in Hassayampa. The demand for your community is high. If you are thinking of making a move to your next dream home, contact me today at 480.399.8626 for a free market analysis of your home.

BUBBLE

Homes Recently Listed in Hassayampa List Status

Street Name

Bedrooms

Total Baths

Estimated Square Feet*

List Price

Active

Trailwood Lane

5

5

5,700

$979,000

Active

Conifer Ridge Lane

4

7

5,700

$1,850,000

Homes Recently Sold in Hassayampa Bedrooms

Total Baths

Estimated Square Feet*

Sold Price

Close of Escrow Date

2090 Forest Mountain Road

4

4

3,600

$1,125,000

02/10/21

1874 Trailwood Lane

3

4

3,300

$910,000

01/25/21

List Status

Address

Sold Sold

Vacant Lots Recently Listed in Hassayampa List Status

Street Name

Active

Golf Club Lane

Real Estate

With home prices increasing, interest rates remaining at record lows, and demand skyrocketing, the same question seems to be on everyone’s mind; are we in a real estate bubble? Experts and Realtors agree the answer is no.

Lot Size (Acres)

List Price

List Date

1.06

$139,000

01/01/21

BETTER REGULATIONS ON LOANS

NEXT GENERATION INFLUENCE

SUPPLY IS STILL MUCH LOWER THAN DEMAND

Unlike the Great Recession’s collapse, home loans are no longer funded via low-doc / no-doc loans by borrowers lacking qualifications.

Over 50% of young adults live with their parents. It’s only a matter of time before these individuals are looking for their first home.

Lack of supply has been a factor for over a decade and has increased in the last year, creating massive shortages and dramatically increasing pricing.

EQUIT Y IS GROWING QUICKLY

BUILDERS CAN’T KEEP UP

PERMANENTLY WORKING FROM HOME

2020 saw an increase of 11%, and this year is on track for another 6% growth. People can sell or refinance and banks still come out ahead.

Some home builders have reported a ten-month waiting time for constr uction, wh ile others are using a lottery system.

COVID-19 has shown that many jobs can be performed remotely, so buyers are moving to areas that better suit their lifestyles.

Vacant Lots Recently Sold in Hassayampa List Status

Address

Lot Size (Acres)

Sold Price

Close of Escrow Date

Sold

1810 Forest Creek Lane

0.81

$125,000

03/01/21

Sold

1797 Forest Creek Lane

0.33

$77,000

02/23/21

Sold

1811 Forest Creek Lane

0.3

$75,000

02/10/21

Sold

1645 Bent Tree Trail

0.63

$295,000

02/01/21

Lee Hoekstra, Capital Canyon Realty Group, and RE/MAX Excalibur are not in any way affiliated with Hassayampa Owners Association, nor is this in any way an official advertisement or publication of Hassayampa. © 2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the PAAR MLS as of March 11th, 2021. Listings and sales may not be those of Capital Canyon Realty Group or RE/MAX Excalibur.

The PAAR MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.

When a bubble pops, nothing remains – this is opposite of the current market.

Demand is fueling the increase in pricing, rather than low-qualified buyers obtaining loans.

JONATHAN AND ANGEL A-MARIE, With such a unique market, it’s important to work with a Realtor who understands not only the current market trends, but your community as well. Let me go to work for you and help achieve your real estate goals. Call me today at 480.399.8626 for a free consultation!