San Tan Valley Inventory Disappearing

By
Real Estate Agent with Homesmart

Inventory Down in San Tan Valley

Inventory Down in San Tan ValleyIn the last 3 months there has been a slow down in bank owned home listings. At one time in 2009/2010 bank owned homes dominated the market share with 50-70%.  Today roughly 35% of all the listings are bank owned, about 40% are short sales  with the rest being traditional sales or investor flips. Buyers that are looking for a home to buy in San Tan Valley have noticed that  inventory is also down as a whole as well. Today there are only 353 active listings. That is way down from the numbers of 2009/10.  The days of being picky may be over for buyers because as inventory shrinks so do your options. Premium features are now coming at cost.  Some buyers are waiting for the magic "shadow"  bank owned inventory to flood the market. So far, I have not seen any signs of this in San Tan Valley. If you are looking to buy in San Tan Valley procrastination may start costing you the green.
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Amy Gerrish - Currently living in Arizona and is the Managing Realtor at the Phoenix Metro Realty Group. You can catch her on Google+, Twitter and Facebook.

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