These statistics are updated once a month as soon as the data is available which is typically the 8th, unless it's a holiday. If the next month hasn't been updated simply check back.
If you have any questions about the statistics don't hesitate to contact us. You can click the envelope in the top right hand corner of the website to send an email or give us a call. We'd love to hear from you!
These statistics are updated once a month as soon as the data is available which is typically the 8th, unless it's a holiday. If the next month hasn't been updated simply check back.
If you have any questions about the statistics don't hesitate to contact us. You can click the envelope in the top right hand corner of the website to send an email or give us a call. We'd love to hear from you!
Goodyear 85395 Market Statistics
We are nearing the end of our busy selling season and the number of contracts written is decreasing. Make sure your home is in tip-top shape before you put in the market and you may see multiple offers.
There is still competition out there so make sure to submit a strong offer when you find a property you like. Interest rates remain relatively stable.
In Arizona, we are still experiencing a seller's market due to low inventory. There is fierce competition out there for the prime homes and getting a seller to accept your offer over other's buyers is becoming more and more difficult. How can you beat the competitor and win the home of your dreams?
In today's competitive market it is imperative to speak to a lender and be pre-qualified, or better yet, pre-approved for a loan before you start viewing homes. Provide all the paperwork the lender needs upfront to strengthen your pre-qualification. Sellers want to see strong offers from buyers that have already started the financing process, so buyers need to be prepared and do some upfront work.
Another reason to speak to a lender first is that if you find a home that checks the majority of your boxes, you will need to submit an offer as soon as possible. In today's market if you are not prepared you will most likely lose out on that home to a buyer that is prepared and ready to move forward. It's important to have all of your paperwork ready and submitted to your lender. In fact, it's a waste of time for you to even look at homes without at least a pre-qualification.
Most properties are receiving multiple offers and end up in a bidding war. You should leave some wiggle room to negotiate with. If you are looking at homes at the top of your pre-approval amount, you won't be able to negotiate a higher amount with the seller.
Knowing how to present your offer to win the house in today's market is essential. Since you will most likely encounter competition from other buyers, submitting a lowball offer is not an option. If you find the house that you want, be prepared to present your strongest offer to the seller.
Buying a house requires a team of people to work together to achieve your goals and you should start building your team before you start viewing homes. It is important to find a local mortgage lender with a proven track record of getting loans closed. This lender should take the time with you upfront to ensure you chose the right loan to fit your needs, and also to make sure your financing looks strong when you submit an offer. It's also important to hire a knowledgeable local REALTOR that has experience helping their clients successfully buy a new home in today's market. Your REALTOR can then help you find other team members, like a home inspector or pest inspector, to make the process easier. Your real estate agent should be focused on helping you achieve your real estate goals.
When sellers are faced with multiple offers they consider several key items. Their real estate agent also influences their decision even if it's in an indirect manner. It's important that your agent builds a rapport with the other agent from the beginning. And keep in mind when you are out viewing homes, more and more people have cameras and some even have audio recording. What you say while you are viewing a house should be kept to a minimum and make sure to avoid any negative comments about the house. Your offer should be strong, clean and easy to read. A well-written and sincere letter to the sellers about why you love the home is also helpful and it creates a personal connection.
Found THE ONE that you have to have? Make your offer stronger by putting more skin in the game either by increasing your earnest money or your downpayment. Another way to win a bidding war is to submit an offer with an escalation clause, which details how much you are willing to outbid another buyer's offer up to a certain limit. You can choose to outbid the winning buyer by a certain increment, such as $1000, or $5000 until it reaches your cap. Keep in mind that the seller is not obligated to accept an offer with an escalation clause. Nothing is legally binding until all parties sign the contract with the agreed upon terms.
With the right team of professionals and the right mindset, you can be well on your way to owning a new home!
Set yourself up for a successful road to homeownership!
*Updated 09/14/25
It's important to know what the local market is like in the area where you want to purchase a home. Each city and even each community within a city can have a different type of real estate market. For example, in Goodyear, AZ, there is an Active Adult community called PebbleCreek, and this community's market can vary from other neighborhoods like Palm Valley.
Regardless of the market, most buyers are going to run into some competition on homes that are priced right and/or in move-in condition. How do you beat the competition and get the home you want?
Be Prepared
When choosing between multiple offers, the buyer's financing picture is a huge consideration for sellers. A pre-qualified buyer is now the norm; make your offer stand out by being pre-approved. Being pre-approved for a home loan gives the seller peace of mind that you have gone the extra step and that you have a better chance of closing on the home.
Stay in Close Contact with Your Agent
Your agent will be on the lookout for the newest listings that meet your criteria. Be ready to see a house as soon as it goes on the market.
Be Ready to Make a Decision
In a competitive market, it's important to spend plenty of time in advance deciding what you can afford and what you must have in a home, so you won't hesitate when you have the chance to make an offer.
Come in Strong
Your Realtor will be able to tell you if the property you are interested in has the potential of receiving multiple offers. When in a multiple offer situation, throwing in a low bid is not going to help you get the house. Make your opening bid something fair and reasonable based on the neighborhood comps; low-ball offers won't work in a competitive market. Present an offer that the seller would be willing to accept or counter. You must be competitive and be aware that you will most likely pay full price or more when other buyers are involved. Losing a home that checks all your boxes over a few thousand dollars will cost you more time and money looking for another home.
Keep it Simple
Sellers want to get as much as they can for the property with few contingencies and a quick timeline. Make your offer as clean as possible without a lot of requests from the seller. Show that you are a strong buyer and serious about closing on the home. Depending on the market, you may be able to get the seller to pay for part or all of your closing costs.
Looking for a home in Phoenix's West Valley? Make sure to check out our easy-to-use home search tool! Also, check out our blog for great home-buying information. Let me help you set yourself up for a successful road to homeownership!
“More has been lost due to indecision than was ever lost to making the wrong decision.” Interest rates have as much effect on housing costs as price and when they are both trending upward, it can be very expensive to wait.
 |
There can be some legitimate reasons for postponing a purchase such as needing to save the down payment, improve your credit or waiting to find out about a possible transfer. The problem is that prices and interest rates could, and very likely will, go up in the future.
If the price of $250,000 home went up 5% and the interest rate went from 4.5% to 5.25%, the payments would increase by $176.42. The additional cost over a seven-year period would be close to $15,000.
The questions that indecisive buyers need to ask themselves is “how am I going to feel knowing that if I had not waited, I could have been living in the home for less money?” and “What would I have spent the money on if I didn’t have to make the larger payment?”
Use the Cost of Waiting to Buy calculator to find out how much indecision may be costing you.
Named one of the five "Most Livable Cities" in America, Goodyear is located west of Phoenix off the I-10 freeway and close to the Loop 303 making it easy to get just about anywhere in the Valley. Goodyear was also named an All-American City and features numerous master-planned communities with great amenities including shopping, restaurants, movies, golfing, hiking, swimming, spring training baseball, parks, splash pad and more.
Learn more about Goodyear, Arizona.
Thinking about moving to Goodyear? Click on the links below to learn more about some of the popular communities and subdivisions in Goodyear.
Want to check out the homes currently on the market in Goodyear? Click below:
Buckeye is the furthest city west on I-10 from Phoenix Metro. The city has a rich history dated back to the 1880's. The main street is still there today and has been revitalized through the years. The City of Buckeye covers 600 square miles and includes farmlands, industrial buildings, restaurants, shopping, hiking, parks, golf courses and more.
Learn more about Buckeye, Arizona
Thinking about moving to Buckeye? Click on the links below to learn more about some of the popular communities and subdivisions in Buckeye.
The residents of Avondale say it is a great place to live! Avondale has a rich history and has transformed from an agricultural city to a modern city close to Phoenix but nestled at the base of the Estrella Mountains. There are tons of things to do in Avondale!
Learn more about Avondale, Arizona.
Thinking about moving to Avondale? Click on the links below to learn more about some of the Avondale neighborhoods.
Want to see what homes are on the market in Avondale?
