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Patrick Kaiser
  • Real Estate Agent
  • Mesa, AZ
76
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46
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It's all about the price right now

Patrick Kaiser
  • Real Estate Agent
  • Mesa, AZ
Posted May 23 2022, 19:05

A few months ago, buyers preferred higher end finishes and were willing to pay a premium in almost all parts of town to see really nice stuff. This is in part what was driving prices up so wildly. Flippers were putting $100k into $300k houses and selling for $500k in neighborhood where that had previously been unheard of, surpassing highest comps by leaps and bounds. 


But now, price seems to be the only thing that matters. The tables have turned and turned quickly where the only thing that currently seems to be selling houses is the lower priced houses. OK finishes, better prices is what I'm seeing sell houses right now. 

Is that on track with what other people are seeing? I'm in Phoenix metro.

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