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how long does it take to sell a house in Phoenix AZ?

House is located at 14847 S. Foxtail Lane
Phoenix, AZ 85048
  • February 27 2014 - Phoenix
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Answers (4)

The average days on market in Greater Phoenix has risen from 60 days to 79 days.  But as has been pointed out buy the other comments, it is more dependent on the condition of the home (is it move in ready-i.e. fresh paint, new/clean looking carpets, good landscaping; does it show well; what is the curb appeal. And extremely important is the listing price compared to the market price for similar homes.  This chart was prepared when the average sale time was only  60 day , so add 20 days on market dasy  shown.


But, days on market is also impacted by your price range.  If you are selling a

But, days on market is also impacted by your price range.  If you are selling a $150,000 house they will sell more quickly than a home in the $350,000 or $1,000,000 price range because there are less buyers able to pay the higher price.  Your listing agent should be able to investigate and report to you how long other homes in your neighborhood of similar quality and price have been on the market before selling (look at the last 60 days).  

It is a numbers game.  The more buyers that look at your, the more likely it is to sell and more quickly. Buyers are savvy.  They don't want to waste their time looking at over priced homes.  This chart tell teh story.  Lower price means more buyers view the home.  Higher price less buyer come to visit.

But, days on market is also impacted by your price range.  If you are selling a $150,000 house they will sell more quickly than a home in the $350,000 or $1,000,000 price range because there are less buyers able to pay the higher price.  Your listing agent should be able to investigate and report to you how long other homes in your neighborhood of similar quality and price have been on the market before selling (look at the last 60 days).  

It is a numbers game.  The more buyers that look at your, the more likely it is to sell and more quickly. Buyers are savvy.  They don't want to waste their time looking at over priced homes.  This chart tell teh story.  Lower price means more buyers view the home.  Higher price less buyer come to visit.

It is a numbers game.  The more buyers that look at your, the more likely it is to sell and more quickly. Buyers are savvy.  They don't want to waste their time looking at over priced homes.  This chart tell teh story.  Lower price means more buyers view the home.  Higher price less buyer come to visit.


Then if the house sits on the market for a longer time, buyer stop looking (see the chart to the right), making the problem worse.

In my opinion, agents that allow their seller to over price the home are doing them a disservice.  Sellers that push the agent to overprice a home are doing themselves a big disservice.  In the last few months, we have moved into a market situation where it is now a "Buyer Market", with more homes for sale andless buyers.  Many sellers have not picked up on the fact that prices are no longer rising and a number of homes are listed at too high a price compared to what the Buyer are willing or need to pay.  If you would like this month's Housing Statistics Report to see the details, drop me a note at LHoboy@Arizona-Dream-Homes.com.
  • February 27 2014
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As a strong listing agent with experience selling many homes in and around 85048, this will depend on only two things-- the price you list your home at and your level of motivation to sell the home. Combining these with a strong listing agent, your home will sell quickly. The length of time it takes to sell your home will vary since that will depend on how easy it is to show your home; whether the buyer is cash or financed; and how well your home shows in comparison to the other competing homes in the area. How soon are you planning to sell your home?
  • February 27 2014
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Hi Linda,

I'm sure you will get plenty of responses to this question :)

My two cents, it depends on how you price it and who you choose to represent you. I can certainly give you a couple of recommendations if you would like. 
  • February 27 2014
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The average days on market for any home in the MLS right now is about 85 days.  However, some homes sell in a day, and other homes take many months before they sell.  There are many factors that play into that, such as how competitively the home is priced, how aggressively it is marketed, and how well the home shows.

I would love put together a professional price opinion (comparative market analysis) report for you if you would like.  Please feel free to check out my profile if you think you would be interested!
  • February 27 2014
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