MEET CARI GILILLAND
ASSOCIATE BROKER / REALTOR
Cari has resided in the Victoria community since 2016, and her family has been in the Queen Creek area since 2006.
It was 1994 when Cari realized that she wanted to pursue a career in real estate. It wasn’t until 2002 that she finally made that dream a reality. Cari is a lifelong entrepreneur and has owned multiple businesses. She is passionate about her business and helping people experience the benefits of homeownership and achieving the American Dream. Cari works almost 100% by referral and cherishes the relationships and friendships she creates along the way. As a top producing Realtor for over 20 years, her number one goal is to serve her clients at the highest level, stay up to date on the market and current trends so that she can be the trusted advisor for her community.
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VICTORIA HOMES
THE CROMFORD MARKET INDEX™ (CMI)
The Cromford Market Index™ (CMI) is a single value that indicates the balance of the residential resale market. Values below 100 indicate a market that favors buyers. Values above 100 indicate a market that favors sellers. A value of 100 is equally balanced.
We are starting to see few signs of improvement in the market for sellers, at least in certain sub-markets. The average change in the market index over the past month is +1.4%, up from +1.1% last week. We have 10 cities showing an increase in their Cromford® Market Index over the past month, while 7 have declined.
Goodyear and Paradise Valley are the biggest moves in favor of sellers followed by Chandler. Queen Creek, Cave Creek and Maricopa are the primary locations moving in favor of buyers. Buckeye remains adrift at the bottom of the table while Chandler is still way out in front at the top. Queen Creek is now well below 80 while Maricopa has joined Buckeye below the 70 level. Buyers have strong negotiating power at these three locations.
10 out of 17 cities are seller’s markets. We have 2 cities that are balanced, while 5 are buyer’s markets. Paradise Valley looks set to become a seller’s market by next week.
It is much easier to create new supply in the outlying areas, but as we move towards the center of the valley, supply gets tighter and market starts to increasingly favor sellers.
It is our goal to keep you up to date on the real estate market conditions. If you have any questions on any of this and how it might affect your situation please reach out. Our team has been serving home buyers and sellers since 2002 and would love to serve you.
QUEEN CREEK RESIDENTIAL RESALE MARKET UPDATES
