WestWords - June 2025

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WORDS

KALYANI GEDELA

WHAT PEOPLE ARE SAYING...

We had the pleasure of working with Kalyani during our home search, and we couldn't be more impressed with her professionalism and dedication. She was with us every step of the way with suggesting a good home location, checking home builder houses, house inspection, until we arrived at our closing. She is always responsive, answering questions promptly, and providing thoughtful insights. The entire process was smooth and stress-free. We wanted to thank her for the guidance, finally we’ve found our perfect home! We highly recommend Kalyani to anyone looking to buy their new home, especially those who are first time buyers like us! She’s amazing and will go above and beyond!

Kalyani represents the absolute best of professional real estate services. Her combination of market expertise, personal commitment, and genuine care makes her stand out in a competitive industry. She doesn't just help you list a property; she helps you achieve your real estate goals with confidence and ease. I not only rented my home quickly but found tenants who were an ideal match for the property. Her personalized approach, deep market knowledge, and unwavering support transformed what could have been a stressful experience into a seamless, positive journey.

We worked with Kalyani for an investment home purchase in the Phoenix area. She was extremely patient with understanding our needs and showing us several houses over many weeks, until we were able to find the right house. She was always reachable and responsive over the phone and made the whole process extremely easy for us. This made a big difference for us, especially being an out-of-state buyer. She also offered very valuable insights about the houses we saw, the neighborhoods, what are the key factors to look for etc. And after the purchase, she suggested good electricians/ plumbers/landscapers as needed. If you are looking for a reliable and competent agent in the Phoenix area, I’d strongly recommend you talk to Kalyani!

BROKER BLOG FROM DEAN BECKER

PHOENIX HOUSING MARKET MID-2025: WHAT BUYERS

AND SELLERS NEED TO KNOW

As we head into the summer of 2025, the Phoenix housing market is once again standing out as one of the most dynamic and talked-about markets in the country. Known for its fast growth, population influx, and strong job market, the Valley has remained resilient — but not without its challenges.

INTEREST RATES & BUYER BEHAVIOR

Mortgage rates have settled in the mid-6% range, and while that’s still higher than what many buyers became accustomed to in past years, it hasn’t completely deterred activity. In fact, many Phoenix buyers — especially first-timers and transplants from California, the Midwest, and Washington — are entering the market now with the intent to refinance later. Rent prices in Phoenix have continued to climb, which is pushing some renters to buy despite higher rates. With Maricopa County once again ranked among the fastest-growing in the U.S., demand is steady, especially in areas like Buckeye, Queen Creek, and North Phoenix.

INVENTORY & PRICING

The biggest challenge in our market right now?

Inventory. Many homeowners in Phoenix are staying put, thanks to low fixed-rate mortgages they locked in years ago. This “lock-in effect” is contributing to tight inventory — particularly for homes priced between $350,000 and $600,000, where demand is strongest. Because of this supply issue, home prices in the Valley are holding firm. According to ARMLS data, the median sales price in Greater Phoenix is hovering around $445,000, slightly up year-over-year. Well-

priced, move-in ready homes are still attracting multiple offers — especially in hot zip codes like 85085, 85255, and 85396.

Sellers: It’s Still Your Market (But Be Strategic)

If you’re a seller, this market still leans in your favor — but buyers are more cautious than they were during the 2021 frenzy. Homes that are clean, updated, and properly priced are moving quickly. But buyers expect value. If your home needs work or is overpriced, expect it to sit. Offering buyer incentives like a closing cost credit or a 2-1 buydown can make your home stand out.

LOOKING AHEAD

Phoenix continues to benefit from strong fundamentals: population growth, job creation in industries like tech and manufacturing, and relative affordability compared to coastal markets. While we don’t expect explosive price gains this year, we also don’t expect a crash.

Experts predict a 2–4% increase in home values in the Phoenix area over the next 12 months, with steady demand from out-of-state buyers and investors alike.

Whether you're buying or selling in today’s market, strategy is everything. Work with a local expert who knows the nuances of each neighborhood — from the new builds in Surprise to the historic charm of the Coronado district. The Phoenix market remains competitive but full of opportunity. With the right approach, 2025 could be your year to make a smart real estate move.

QUESTIONS, CONTACT:

Managing Broker, Dean Becker | 602.942.4200

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