While sellers are gaining the upper hand in the marketplace this spring buying season, they don’t have power in all areas. Let’s evaluate where buyers are winning and losing. Relatively strong supplies (which give buyer’s potentially more bargaining power) currently exist in:
Chandler –supplies have been rising since early March and are about at the same level as last year
Fountain Hills – starting to fall but higher than any time since 2010
Gilbert – active listings are climbing in 2015 (although still below 2014)
Scottsdale – listings are slightly down from last year but still plentiful
Laveen – listings are up and at equivalent levels of 2012
Cave Creek & Paradise Valley – both areas have abundant supply and are hitting new highs for supplies
Gold Canyon- listings are more plentiful than last year
Where can buyers expect tough competition for homes? The west valley is particularly low in supply, largely because housing is most affordable there. Glendale, Tolleson, El Mirage are seeing multiple offers and stiff competition from buyers for homes. As demand is up in all areas, smart buyers will learn the dynamics of their particular shopping area to learn how to win.
